DELTA : Growth Potential in 2022 Priced In
We downgrade to HOLD from BUY and raise TP to Bt475, up 12% from previous TP, based on 38.6xPE’23E (average of 5-year trading). Analyst meeting...
189 Views
DELTA : Outstanding 2Q22 Earnings Leads to High 22E Base and Limited Growth in 23E
We maintain our BUY rating but roll-over our TP by 1% to Bt423 based on 38.6xPE’23E (5-Year average trading). Our rating reflects neutral outlook...
198 Views
DELTA: Shortage Issue Still Persists Despite Concerns on Weakening Demand in 2022
We maintain our BUY rating and TP of Bt419 based on based on 51.7xPE’22E. Business update meeting last Friday came with positive news on improving...
280 Views
DELTA: Exclusion from SET50 Will Lead to Sell-Off
Starting from 1 January 2022, DELTA will be removed from the SET50 index calculation. We believe that a significant portion of investors will sell...
294 Views
DELTA: Expected 2Q21E Recurring Profit at Bt531m (-21%YoY, +6%QoQ)
We maintain SELL rating with new 2022E target price at Bt293.00, +31% from Bt223.00 previously, derived from 48.3xPE’22E, which is +1SD of its 5...
197 Views