GLOBAL: Expect 3Q21 Earnings to Continue to Grow YoY
We reiterate BUY rating for GLOBAL with a target price of Bt29.0 based on 35xPE’22E, close to the average of the Thailand home-improvement subsector.
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GLOBAL: Expect Solid 2Q21 Earnings Has Already Priced In
GLOBAL share price surged 38%YTD as we believe it has already priced in near-term positive factors. So, we reiterate our HOLD rating with a target...
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GLOBAL: 4Q20 Earnings Came Out Below Expectation
GLOBAL’s 4Q20 net profit was at Bt378m (-36%YoY, -17%QoQ), the lowest level in the past twelve quarter. The company reports 2020 net profit of...
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ILM: King of Home Furnishing Retailers in Thailand
We initiate coverage of ILM with a BUY rating, based on a target price of Bt22.0, which is derived from 15xPE’21E, close to its average trading...
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DOHOME: Solid SSSG Drove 3Q20 Earnings to Grow YoY
We expect 4Q20 earnings performance to grow YoY, but flat QoQ driven by government stimulus scheme and improving margin from higher retail sales...
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