KCE: Buy Outlook Ahead
We upgrade our recommendation to BUY rating, from SELL, with new 2022E target price of Bt74.50, from Bt50.00, derived from 32.0x PE’22E, which is...
177 Views
KCE: Stock Is Expensive Even with Strong 2021-22E Earnings
We downgrade our recommendation to SELL rating, from HOLD, with new 2021E target price of Bt50.00, from Bt31.25, derived from 31.1x PE’21E, which...
188 Views
KCE: Bright Outlook but at Demanding Valuation
We maintain HOLD rating with new 2021E target price of Bt31.25, from Bt27.00, derived from 22.7x PE’21E, which is +1 SD of its 5-year trading average.
213 Views
KCE: Riding the European Automotive Upcycle
We initiate coverage of KCE with a HOLD rating and a 2021 target price of Bt27.00, derived from 22.7x PE’21E, which is +1 SD of its 5-year trading...
243 Views