ATP30: 100% Secured Client Base Prompt 2019 Growth
We maintain a BUY rating for ATP30, based on a target price of Bt2.46 (previous TP: 2.48) and derived from a 30xPE’18E, which is its average...
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ATP30: New Customers Drove 3Q18 Earnings Growth
ATP30 reported 3Q18 net profit of Bt11m (+28%YoY, 15%QoQ). The 9M18 result was in line with our forecast and accounts for 77% of our full-year...
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ATP30: Substantial Surge in Sales Growth Along with Margin Expansion
ATP30 reported 1Q18 net profit of Bt10.5m (+446%YoY, -1%QoQ). The result was accounts for 27% of our full-year forecast and in-line with our...
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ATP30: Standout Worker Transport Provider Eyes Tourist Yuan
We initiate coverage on ATP30 with a BUYrating, based on a target price of Bt2.48 and derived from a 36.4xPE’18E, which is equivalent to Thailand’s...
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