The company recently reported a trebling of its FY17 earnings to $8.1 million on improved gross profit margins due to value-added activities at its Stamford Tyres Mart retail chain and truck tyre centres, as well as lower costs.
SINGAPORE (Aug 15): UOB KayHian is highlighting Stamford Tyres as a stock that’s “poised to reap the benefits of a lengthy exercise to streamline operations”, and believes investors can look forward to rewarded in tandem with the success of the company in the near-term.
Stamford Tyres retails and distributes tyres and wheels for passenger, commercial, industrial and agricultural vehicles.
