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...
292 Views
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...
254 Views
Smartkarma Originals
Thailand: A Two-Player Retail Market? - CPALL and Berli Jucker
In this next part of a Smartkarma Originals Series on ASEAN Retail, we look at Thailand and specifically two companies including CP All PCL (CPALL...
1.4k Views
The Week that Was in ASEAN@Smartkarma - Vietnam, Hospitals, and Home Decor
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
455 Views
Snippets #27: AIS Pays for Towers, MK Acquires Seafood Chain
In recent weeks, we found these five domestic news/developments to be influential to the Thai markets. AIS agrees to pay TOT a whopping...
471 Views