ASIAN: Foresee a Downturn from Thai Baht Appreciation
ASIAN posted a strong earnings at Bt202m in 3Q20 (493%YoY, -33%QoQ), slipped from 2Q20 peak. 9M20 result is responsible for 82% of our 2020E forecast.
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The Week that Was in ASEAN@Smartkarma - Thai Politics, BCA's +ve Liabilities, and Singapore O&M
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
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ASIAN: 2Q20 Earnings Reached Its Peak
We maintain our ‘SELL’ rating with a new target price at Bt10.3 (from Bt7.2), derived from 11.6xPE’21E which equal to its 3-year trading average....
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ASIAN: Good Performance Has Already Priced In
We downgrade our recommendation to ‘SELL’ from ‘BUY’ with a new target price for 2021E at Bt7.2 (from Bt6.0), derived from 12.3xPE’21E which equal...
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ASIAN: Foresee an Improvement YoY Thanks to Baht Weakness
ASIAN’s profit skyrocketed to Bt105m (76%YoY, 576%QoQ), the highest level in the past six quarters. We foresee an improved performance from Thai...
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