BGRIM: Positive 3Q20 Earnings Outlook from Recovering IU Sales
Last week analyst meeting came out in a positive tone. We maintain the HOLD rating based on a target price of Bt47 derived using DCF valuation...
227 Views
BGRIM: Positive 2Q20 Earnings Outlook from Intact SPP Operations
Yesterday analyst meeting came out in a positive tone. Expect 2Q20E earnings to remain healthy backed by intact SPP operations and profit...
133 Views
1Q20 Core Earnings Grew from 50% Capacity Expansion in 2019
We maintain the HOLD rating on BGRIM with new 2020E target price of Bt47 (from Bt48) derived using DCF valuation (6.9% WACC and 1% TG), implying...
280 Views
BGRIM: Limited Impact from Drought and COVID-19 Outbreak
Yesterday analyst meeting came out in a positive tone. Expect 2020E earnings to remain healthy backed by profit recognition from 633MWe project...
355 Views
BGRIM: Thai SPP Leader with Consistent Growth Prospects
We initiate coverage of BGRIM with a BUY rating, based on a 2020E target price of Bt48, derived from discounted cash flow valuation (6.9% WACC and...
460 Views