SPA: 1Q21 Earnings Still Loss Pressured by New Wave of COVID-19 Outbreak
SPA reported 1Q21 net loss at Bt76m, compared to net profit of Bt4m in 1Q20 and net loss of Bt78m in 4Q20. Given the domestic vaccination rolling...
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SPA: Increase Levels of Focus on Domestic Customers
Yesterday analyst meeting came out with a positive tone, both from hemp business that has potential in the future and new business specifically...
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SPA: New Round of Pandemic Will Have Strong Impact to 1Q21 Earnings
SPA announced the close down its Bangkok branches temporarily from January 2, 2021 following the government measures to contain the new wave of...
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SPA: Weak Demand Continues to Pressure 2H20 Earnings
We downgrade SPA from BUY to HOLD rating and cut our target price by 31% to Bt6.6 to factor in weakening earnings momentum in 2H20.
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SPA: Major Beneficiary of Return Chinese Tourist Arrivals in Thailand
We upgrade our recommendation from HOLD to BUY and roll over our target price in 2021E to Bt9.58 (from Bt5.24 in previous target), derived from...
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