M: 1Q19 Earnings Reach a Record High
M reported 1Q19 net profit of Bt710m (+17%YoY, +12.3%QoQ) and in line with our expectation. The YoY growth was caused by better 7.5% sales growth...
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Three Levels of Innovation in Thai Business
In Game Changer, P&G CEO AG Lafley claims that innovation is the only way companies succeed, though he defines innovation broadly and even...
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Thai Restaurants (Part 2): Major Players
When we discussed MINT and CENTEL extensively in the past, it was in the context that they were the country's largest hotel operators, but these...
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M: Big-Three Chain Restaurant Giant Ramps up Brands and Networks
We initiate coverage on M with a BUY rating, based on a target price of Bt96 and derived from 31xPE’18E, which is the +2SD of three-year average...
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Sector Capsule: Rtd (Ready to Drink) Tea in Thailand
RTD tea declined by 11% in off-trade volume terms and by 13% in off-trade current value terms to 479 million litres and THB16.5 billion in...
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