BJC : A Recovery in BigC Performance Drove 3Q22 Earnings
Maintain BUY recommendation for BJC with a target price of Bt40. BJC’s 3Q22 core profit came in at Bt890m (+196%YoY, -23%QoQ), lower than our...
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BJC : School Reopening Drove 2Q22 Earnings
Upgrade our recommendation for BJC form HOLD to BUY with a target price of Bt40. BJC’s 2Q22 net profit came in at Bt1.2bn(+46%YoY,-4%QoQ),higher...
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BJC: Gaining Market Share on Modern Retail Business
Yesterday analyst meeting came out with slightly positive tone. However, weak short-term performance from rising energy cost and lower consumer...
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BJC: Weak Earnings Outlook in 3Q21
We reiterate our HOLD rating with a target price of Bt37 based on 30xPE’1H22E, close to average of consumer discretionary sector .
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BJC: 2Q21 Earnings Remain Weak QoQ
We maintain BUY rating with a lower target price of Bt37 (-14% from Previous TP) based on 30xPE’1H22E, closed to Consumer Discretionary Sector.
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