BGC : Brighter Outlook in 4Q22 with New M&As on the Card
We reiterate our HOLD recommendation with a target price of Bt10.70. The key pillars to our call include: 1) intact core profit growth backed by...
346 Views
BGC : 3Q22 Earnings In-Line with Estimates
We retain our HOLD recommendation with a rollover TP of Bt10.70, derived from 15.2xPE’23E. Our neutral views are supported by 1) intact growth: 2)...
275 Views
BGC : Earnings Recovery in Sight
We keep our HOLD rating with TP of Bt10.5, derived from 13.2xPE’23E. We expect 3Q22 earnings to recover QoQ, backed by effective pass-through of...
213 Views
The Week That Was in ASEAN@Smartkarma - Adaro's Sustainability, ROTI's Diversification, and BUKA.
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
329 Views
BGC : Packaging Remains a Key Focus
Yesterday site visit to BVP and BGP plants came out as neutral tone.We do see its underlying growth potential but believe both will not be a growth...
236 Views