TWPC: Bottomed Out in 2Q20E but Unexciting Road Ahead
We downgrade our recommendation to HOLD rating, from BUY, with a new 2021E target price at Bt3.45, from Bt4.14 previously, pegged to 12.7xPE’21E,...
245 Views
TWPC: Headwinds from Strengthen Baht and Raw Material Price
We downgrade our recommendation on TWPC to HOLD, from BUY, with new 2020E target price at Bt4.14, pegged to 12.7xPE’20E, which is 3-years trading...
370 Views
TWPC: Sign of Recovery from 4Q18 Earnings
TWPC 4Q18 recurring profit was Bt86m (+135%YoY, +975%QoQ). The easing in cassava supply help supporting TWPC both selling volume and profitability....
480 Views
The Week that Was in ASEAN@Smartkarma - Indonesian Telcos, The Freeport Saga, and Amata in Vietnam
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
390 Views
TWPC: It Is when to Buy Commodity-Related Stock
We maintain our BUY rating on TWPC with a new 2019E target price of Bt10.0, based on 16.5xPE’9E, which is its 3-year trading average. We reiterate...
449 Views