GGC: Benefits from an Increase in Palm Price
We reiterate our BUY rating with the target price at Bt10.9, derived from 1.1xPBV’21E which is equal Asia-ex Japan material sector.
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GGC: Good Outlook from Recovered Demand
Yesterday analyst meeting came out with a positive tone. We expect biodiesel price to recover in 2H20, driven by lockdown easing and B10 policy....
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GGC: Continue Its Growing Path Despite a Weakness in 2Q20
We come out with a slight positive outlook for the company performance in 2H20, after attended opportunity day yesterday. Despite a weakness in...
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GGC: Biodiesel B10 to Support Company’s Earning by 2020E
Analyst meeting held last week came out with a positive tone for methyl ester business but negative for glycerine and fatty alcohols. We maintain...
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GGC: Cautious on Margin Contraction
We downgrade our recommendation from “BUY” to “HOLD” and cut our target price by 26% to Bt10.6 derived from 22xPE’20 its two-years average trading...
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