SGP: Loss in 2Q19 Came Mainly from LPG Price Retreat
SGP posted net loss in 2Q19 of Bt127m, plunged from Bt766m in 2Q18 and Bt560m in 1Q19. 1H19 earnings accounted for 20% of our 2019E forecast. We...
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SGP: Ready for New Growth Cycle
We initiate coverage of SGP with a BUY rating and a 2019E target price of Bt14.00, derived from 10.9x PE’19E, which is +0.5 SD of its 3-year...
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The Week that Was in ASEAN@Smartkarma - Indonesian Retail, Digital Transformation and Infrastructure
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
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Energy Watch: Siam Gas and Gripes on the Glow Deal!
We met up with Siam Gas, a purveyor of LPG for cooking gas and transport that boasts a Forbes 50 billionaire within its founder ranks. Since we're...
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Little Thai-Coons of 2018 (Part 2): The New Industrialists
The other four new tycoons on Forbes are more difficult to group, because they come from such diverse set of industries. I guess we could pretty...
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