SCGP: On-Going Expansion Through Merger & Partnership
We maintain our HOLD rating with new 2021E target price of Bt41.50, derived from 21.3x PE’21E, based on 1.0x PEG. SCGP announced 2020 financial...
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The Hogmanay Week that Was in ASEAN@Smartkarma - Digital Media, Healthcare, and Thai Food
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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Leading Market Position Reflected in Valuation
We initiate coverage of SCGP with a HOLD rating and a 2021 target price of Bt39.00, derived from 21.3x PE’21E, based on 1.6x PEG. We like the...
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Kerry Express Thailand IPO Trading - Delivering a Christmas Present
Kerry Express Thailand (KEX TB) raised around US$277m in its IPO. Given its brand recognition, strong investor backing and sole way to play the e...
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Kerry Express Thailand IPO - Time for Delivery
Kerry Express Thailand aims to raise around up to US$277m in its Thailand IPO. The company is a subsidiary of Hong Kong listed Kerry Logistics and...
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