Golden Agri: Pricing Up / Stock Down: Trading Buy
INVESTMENT CONCLUSION: An improved outlook for CPO pricing should support the shares into the S$0.30s. Pricing expectations have improved as a...
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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...
377 Views
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...
385 Views
GGC: Moving Forward with Green Growth Projects
We initiate coverage of GGC with a BUY rating and a 2019E target price of Bt14.2, derived from 2x the relative PE of the Materials sector, which is...
478 Views
PTT Group: GPSC-Glow Deal Update / Getting GGC Back on Track
Today, we visited GPSC, which has committed to doing the biggest deal in Thailand for 2018 with its plans to acquire Glow. In many ways, GPSC will...
368 Views