ARROW: Benefit from Project Kick-Off After Seeing Election Schedule
We maintain our BUY rating on ARROW with the target price of Bt10 derived from 15.1xPE’1H19E, which represents its five-year average trading range...
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ARROW: 1Q18 Is the Lowest in Twelve Quarters and Ready to Turnaround
ARROW reported 1Q18 net profit of Bt39m (-14%YoY, -13%QoQ) below our expectation. The 1Q18 result accounts for 16% of our full-year...
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SMPC: Sales Was the Record Level but GPM Drop at Lowest Twelve Quarter
SMPC reported 1Q18 net profit of Bt117m (-4%YoY, -23%QoQ) below our expectation. The 1Q18 result accounts for 16% of our full-year...
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ARROW: 4Q17 Is the Lowest in Twelve Quarters and Ready to Turnaround
4Q17 EPS was Bt0.17 (-34%YoY, -9%QoQ). The FY2017 EPS was Bt0.75 (-27%YoY) and was in line with our forecast. 4Q17 net profit was at Bt43m the...
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ARROW: Revenue to Flow Down the Pipe Amid Product Expansion
We initiate coverage on ARROW with a BUY rating, based on a target price of Bt17 derived from 17xPE’18E, which represents its three-year average...
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