Eagle Cement’s Potential MTO of PHP22.02 from San Miguel
The regulator should approve as it previously considered San Miguel and ECC as part of the same group. Timing is the key risk. At the last close,...
232 Views
SCCC : Equity Income Was Key Driver to 2Q22 Result
We maintain our BUY rating but cut TP by 6% to Bt174 by roll-over target PE to 12.8xPE’23E, which is pegged to -1SD of its 10-yrs trailing mean....
202 Views
SCCC: Gradual Recovery Intact
Maintain BUY rating with a new TP of B185.00 (down 9% from previous TP) derived from 13.2xPE’22E which is close to -1SD of 10-years trading average.
216 Views
SCCC: Cement Sets to Swing into Recovery Mode in 2022
Reiterate BUY rating with TP of Bt202 based on 14.4xPE’22E, which is close to -1SD of its 10-years mean. Our rating factors in robust outlook on...
156 Views
SCCC: Expect 3Q21 Earnings to Be Bottom Quarter
We expect its core earnings to drop to the seven quarter low in 3Q21 then should rebound in 4Q21 onwards. We maintain our BUY rating and rollover...
339 Views