RATCH: 3Q20 Earnings to Improve from Overseas Performance
Last week analyst meeting came out in a positive tone. We maintain the BUY recommendation based on a target price of Bt74.5 derived using SOTP...
238 Views
RATCH: 2Q20 Earnings to Grow from IPP Seasonality
Last week analyst meeting came out in a positive tone. 2Q20 earnings outlook looks solid from IPP seasonality and profit recognition from 290MWe...
247 Views
RATCH: Stern and Steady Player in Thai Utility Sector
Yesterday analyst meeting came out in a neutral tone. Expect 2020E earnings to remain healthy backed by profit contribution from newly COD projects...
338 Views
RATCH: Slow but Steady 2020-21 Earnings Outlook
We downgrade RATCH to HOLD rating to reflect the earnings revision. We also cut our target price by 9% to Bt74.5 derived from sum-of-the-parts...
398 Views
RATCH: Entrenched Leader in Thai Utilities Sector with Attractive Valuation
We initiate coverage of RATCH with a BUY rating, based on a target price of Bt81.5, derived from a sum-of-the-parts (SOTP) methodology. Our...
431 Views