S: Outshines Thai Property Peers on High Recurring Profit
We initiate coverage of S with a BUY rating, based on a target price of Bt4.2 derived from a sum-of-the-parts (SOTP) methodology and implying...
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PLAT: Already Priced in the Delay in Opening a New Project
PLAT reported 4Q18 net profit of Bt198m (-3%YoY, +6%QoQ) and in-line with our expectation. Slow sales growth (+3%YoY) due to the delay in opening...
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GOLD: Expect FY1Q19 Earnings to Be Bottom Out
GOLD reported FY1Q19 net profit of Bt459m (-26%YoY, -13%QoQ), the lowest in past six quarters. The FY1Q19 result was 21% of our full-year forecast...
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GOLD: FY4Q18 Grew Both YoY and QoQ, with Upside from Sale of FYI CENTER to GVREIT
GOLD reported FY4Q18 net profit of Bt525m (+6%YoY, +4.3%QoQ). The FY18 result was in line with our forecast. FY18 net profit grows 93%YoY to...
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PLAT: Expect Accelerating Earnings in 4Q18
Despite a drop in 3Q18 earnings both YoY and QoQ, we expect strong recovery in 4Q18 earnings driven by opening The Market Bangkok (70% booked). We...
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