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...
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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.
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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...
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