SQ: After the Storm Comes a Calm
We maintain our BUY rating on SQ with a new 1H19E target price of Bt3.4 (from previous Bt6.4). Even though SQ’s stock has lost its attractiveness,...
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SQ: Negative Surprise, but Too Cheap to Sell
SQ posted net losses in 1Q18 of Bt39m, from net profit of Bt226m in 1Q17 and Bt11m in 4Q17. We are under-reviewing our 2018E projection and target...
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SQ: Little Impact from Landslide at Mae Moh
There was a landslide at a dump site of the Mae Moh mine, which is a location of SQ's Mae Moh 8 project. This morning SQ clarified to SET the...
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SQ: 4Q17 Earnings Plunged YoY but Swung from Losses in 3Q17
SQ reported 4Q17 recurring EPS of Bt0.01, which was (-94.1% YoY) but swung from losses of Bt0.04 in 3Q17. The company produced a 2017 recurring EPS...
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SQ: Top Mining Contractor Seeking Regional Opportunities
We initiate coverage on SQ with a BUY rating and a 2018E target price of Bt6.4, derived from a PE of 15.5x, which is the global material peers’...
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