SAPPE: 3Q20 Earnings Back on Track to YoY Growth
SAPPE reported 3Q20 net profit of Bt133m(+30%YoY, +60%QoQ). The 9M20 result was 84% of our full-year forecast. We maintain BUY rating with new...
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SAPPE: Expect Earnings Recovery in 3Q20
SAPPE reported 2Q20 net profit of Bt83m(-39%YoY, +1%QoQ). The 1H20 result was 54% of and in-line with our full-year forecast. We maintain BUY...
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CBG: C+ LOCK Would Be a New S-Curve
Last week analyst meeting came out with a positive tone. We maintain BUY rating with a target price of Bt110 based on 33xPE’20E, close to the Thai...
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SAPPE: Excise Taxes Continues to Burden 1Q20 Earnings
We maintain our earnings forecast and BUY rating with a target price of Bt25.6 based on 17.6xPE’20E which is its three-year trading average....
321 Views
CBG: Valuation Running Ahead of Fundamentals
We initiate coverage of CBG with a HOLD rating, based on a target price of Bt89, which is derived from 33xPE’20E, close to the average of the...
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