Economic Update: Policy Interest Rate Maintained at 2.25% - DECEMBER 19, 2024
We maintain our recommendation for stocks that benefit from stable interest rates, including the banking and insurance sectors, with the top picks...
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Industry Update Energy (Power) - DECEMBER 19, 2024
The Energy Regulatory Commission (ERC) announced the selection of winners for the RE 2.1 program, totaling 2,145MW (EGCO at 448MW, GUNKUL at 319MW,...
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North East Rubber - Earnings Revised Down but Growth Trend Intact
The valuation metrics indicate that the current stock price is still undervalued (with 15% upside to our fair price) and earnings growth remains...
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Energy (Upstream-Downstream) - DECEMBER 17, 2024
We reiterate our preference for downstream over upstream players and favor refiners over oil retailers. Our top pick remains BCP (Outperform; FV at...
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Cp Axtra - CP Day: CPAXT Investing Bt8bn in Happitat Project
Neutral view on recent deal: In the short term, it may pose downside risk of 2.8% and 1.1% to the 2025-26E profit forecasts due to an immediate...
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