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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HMPRO: Expect Government Stimulus Scheme Drive 4Q20 Recover QoQ
We expect 4Q20 performance to improve QoQ driven by Government stimulus scheme (Shop Dee Mee Kuen) and Margin expansion from better cost control...
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Home Improvement Sector Outlook 2H20
Bright earnings outlook in 2H20 Positive outlook on home improvement group •Earnings improve in 2H20: 2Q20 is the bottom quarter for all home...
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DOHOME: Expect SSSG Stronger than Peers in 2H20 and 2021
We upgrade from HOLD to BUY rating with a new target price of Bt16.5 based on 33xPE’21E (Previous TP is Bt12.5), which is close to the biggest...
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