GULF: INTUCH to Be Treated Under Equity Method 4Q21 Onwards
GULF decided to treat INTUCH in its financial statement using the equity method. We see the decision to be appropriate given GULF’s net profit will...
198 Views
GULF: Huge Dividend Gain from INTUCH in 3Q21
We maintain the BUY recommendation based on a target price of Bt43.0 derived using SOTP methodology, implying 57x PE’22E.
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3Q21 Road Show
CGS's roadshow : Performance review of CGS ‘s stock picks, CGS Strategy, Our stock picks for 3Q21, Power sector outlook 3Q21
327 Views
GULF: The Energy Giant to Acquire Telecom Big Shot
We revise up the target price to Bt43.0 (from previous Bt41.4) incorporating the Bt1.6 from additional stake in INTUCH. Our valuation is derived...
229 Views
GULF: Grabbing New Growth Opportunities Though M&A’s
Last week analyst meeting came out in a positive tone. We maintain the BUY recommendation with a target price of Bt41.4 derived using sum-of-the...
153 Views