CBG: Expect 4Q21 Earnings to Recover QoQ
We reiterate a BUY rating for CBG with a target price of Bt131 based on 35xPE’22E, the average of the Thailand energy drink stocks.
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Berli Jucker (BJC TB) - Canned Recovery in Motion
Berli Jucker (BJC TTB) is on the cusp of a strong recovery going into 4Q2021, and even more so in 2021, mainly driven by its retail and packaging...
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CBG: Medium to Long-Term Outlook Remain Solid
We reiterate a BUY rating for CBG but trim down target price after EPS downward revision to Bt131 (-18% from previous TP) based on 35xPE’22E, the...
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CBG: Expect 3Q21 Earnings Fell to the Lowest in Nine Quarters
We expect 3Q21 earnings should be the bottom quarter of the year. We reiterate our BUY rating with a lower target price of Bt159 (-4% from Previous...
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CBG: Weak Short-Term Performance but Solid Long-Term Growth Outlook
Yesterday analyst meeting came out with a negative tone as 2H21 gross profit margin softer-than-expected. However, we maintain our 2021 net profit...
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