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...
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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
SET50 Index Rebalance Preview - Better Early Than Late
The Stock Exchange of Thailand (SET) will announce the results of the semi-annual review of the SET50 index in December and the changes will be...
647 Views
The Week That Was in ASEAN@Smartkarma - Digital Microlending, Central Retail, and Ayala Corp
Macro Insights In More Demos Due / Minister Stabbed / Tax Shortfall / Discord Re Labor Law / Amendments Overhang, Kevin O’Rourke comments on the...
367 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