M: Rapid SSSG Recovery with Potential Growth from Seafood Restaurant
We came out with a positive tone after yesterday analyst meeting driven by MK’SSSG recovery rapidly after lockdown easing. We expect COVID-19...
M: Expect 2Q20 Performance to Bottom Out
We maintain HOLD rating but cut our target price by 9% to Bt50 (25xPE’21E, a 20% premium to the Asia ex-Japan consumer staple sector). We expect...
M: Weakening Sales Expected
We downgrade M to HOLD from BUY to factor in weakening sales outlook and cut our target price by 39% to Bt54 (22xPE’20E, Asia ex-Japan consumer...
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