FTE: Attractive Valuation
We maintain our BUY rating on FTE with a new 1H19E target price of Bt2.9 (from previous Bt4.0). We like FTE for its clean balance sheet with net...
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FTE: Disappointing Performance in 1Q18
FTE posted net profit in 1Q18 of Bt17m, (-39%YoY, -53%QoQ). 1Q18 earnings accounted for 12% of our 2018E full year forecast. We are reviewing our...
110 Views
FTE: Strong 4Q17 Performance with Attractive Dividend
FTE reported 4Q17 recurring EPS of Bt0.063 (-11% YoY, -10% QoQ) The company produced a FY2017 EPS of Bt0.25 which is 8% better than our...
145 Views
FTE: Largest Thai Firefighting Equipment Trader Has Burning Potential
We initiate coverage on FTE with a BUY rating and a 2018E target price of Bt4.0, derived from a PER of 17.5x, which is the global industrial peers’...
168 Views