PK: In the Doldrums
We downgrade our rating from BUY to HOLD with a new target price of Bt3.50 of -49% from previous target. Our new target price derived from 11.2x...
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PK: Falling Profit Due to High Operating Leverage
PK posted a net profit of Bt3m (-97%YoY, -94%QoQ) in 1Q18. 1Q18 earnings accounted for 0.9% of our 2018E full-year forecast. We are revising our...
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PK: Poised as Strong Player in Global Ice Machine Market
We initiate coverage on PK with a BUY rating and a 2018E target price of Bt7.2, derived from 13.1x PER, which is a -0.5 SD of its three-year...
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