CENTEL: Losses Continue into 1Q21 Earnings
CENTEL reported 1Q21 net loss was at Bt476m compared to net loss of Bt45m in 1Q20 and net loss of Bt1.4bn in 4Q20. We upgrade our recommendation to...
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CENTEL: Losses Continue into 2021 Earnings
We expect earnings to remain at loss in 2021 before returning to pre-COVID level in 2023, driven by recovery of tourist arrivals to Thailand since...
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CENTEL: 3Q20 Should Be the Bottom Quarter
CENTEL reported 3Q20 net loss of Bt897m, the record level, compared to net profit of Bt215m in 3Q19 and net loss of Bt465m in 2Q20.
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CENTEL: Earnings Momentum Remains Weak in 2H20
Yesterday analyst meeting came out with a neutral tone. We expect loss to continue into 2H20, despite lower extent. Given its weak earnings...
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CENTEL: Will Bounce Back to Pre-COVID-19 Levels in 2022
We initiate coverage of CENTEL with a BUY rating, based on a target price of Bt25.0, which is derived from a DCF methodology (11% WACC, 2% terminal...
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