PM: Taro Fish Snack Will Be Launching in China by 2019 After a Delay
We maintain a BUY rating on Premier Marketing (PM TB) with a new target price of Bt15.10 based on 21.6xPE’19E, which is the average of Asia...
433 Views
PM: 1Q18 Earnings Trimmed Due to a Surge in SG&A and a Fall in Margins
PM reported the 1Q18 earnings of Bt101m (-30%YoY and +49%QoQ). The 1Q18 earnings result was in line with our forecast and accounted for 20% of our...
143 Views
PM: 4Q17 Slightly Trimmed Due to a Surge in SG&A
4Q17 EPS was at Bt0.11 (+37%YoY and -35%QoQ). The company reports FY17 EPS of Bt0.85 (+47%YoY) and 6% lower than our forecast 4Q17 net profit was...
154 Views
WINNER: Food Solution Champion
We initiate coverage on WINNER with a BUY rating, based on a target price of Bt4.90 and derived from 17xPE’18E, the level at which it reached its...
183 Views
PM: New Directions to Lift Versatile Consumer Product Trader
We initiate coverage on PM with a BUY rating, based on a target price of Bt19.20 and derived from its 22.2xPE’18E of Asia ex-Japan Consumer...
289 Views