The Week That Was in ASEAN@Smartkarma - Grab Chat, Telkom Oversold, and SET50 Rebalance.
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
482 Views
MAKRO : Lotus’s Malls Transformation to Meet the New Customers’ Lifestyle
We remain positive on Lotus’s earnings recovery outlook in 4Q22 and ahead in 2023 after the site visit at Lotus’s North Ratchapruek mall, backed...
638 Views
MAKRO : Solid Operations Offset by Rising Financial Cost
Maintain HOLD recommendation for MAKRO with a target price of Bt37.5, its 3Q22 net profit came in at Bt1.6bn (+2%YoY, +2%QoQ), in-line with our...
245 Views
The Week That Was in ASEAN@Smartkarma - Ciputra Development, Matahari Department Store, and BliBli.
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
181 Views
MAKRO : Creating a ‘New S Curve’ Through O2O Channels
We initiate coverage of MAKRO with a HOLD rating and a target price of Bt37.50, based on a DCF approach (WACC of 8.7% and TG of 2%). Our valuation...
131 Views