S: Better Outlook on Its 2H19 Performance
Site visit at The ESSE at Singha Complex and The ESSE Sukhumvit 36 came out with a positive tone. We maintain BUY rating on S with a 2019 target...
364 Views
S: Outshines Thai Property Peers on High Recurring Profit
We initiate coverage of S with a BUY rating, based on a target price of Bt4.2 derived from a sum-of-the-parts (SOTP) methodology and implying...
526 Views
QH: 2018 Earnings Grew 10% In-Line with Our Forecast
QH has 4Q18 net profit of Bt786m (-13%YoY, -40%QoQ). The 2018 result was in-line with our expectation. 4Q18 earnings from property development...
497 Views
PLAT: Already Priced in the Delay in Opening a New Project
PLAT reported 4Q18 net profit of Bt198m (-3%YoY, +6%QoQ) and in-line with our expectation. Slow sales growth (+3%YoY) due to the delay in opening...
485 Views
GOLD: Expect FY1Q19 Earnings to Be Bottom Out
GOLD reported FY1Q19 net profit of Bt459m (-26%YoY, -13%QoQ), the lowest in past six quarters. The FY1Q19 result was 21% of our full-year forecast...
307 Views