HTC: Second Factory Drove Both Sales Growth and Margin Expansion
HTC reported 1Q18 net profit of Bt88m (+3%YoY, +56%QoQ). The 1Q18 result was 25% of our full-year forecast and was in line with our forecast. Sales...
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HTC: 4Q17 Result Was in Line but Floating Sugar Price Will Be an Upside
HTC had 4Q17 recurring EPS of Bt0.28 (+110%YoY, -24%QoQ). The FY2017 recurring EPS was Bt1.42 (+14%YoY) and was in line of our forecast. 4Q17 net...
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HTC: Soft Drink King Rules in Southern Thailand
We initiate coverage on HTC with a BUY rating and based on a target price of Bt27, derived from 15.7xPE’18E, which represents its two-year average...
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