ENTITY
Tipco Asphalt

Tipco Asphalt (TASCO TB)

59
Analysis
MaterialsThailand
Tipco Asphalt Public Company Limited manufactures and distributes asphalt emulsion for use in construction and maintenance of roads. The Company sells its products in both domestic and export markets.
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bullishTipco Asphalt
19 Nov 2022 13:36Broker

TASCO : Better Outlook in 4Q22

We upgrade to HOLD (from Sell) with a new TP of Bt16.00, based on 1.50xPBV’23E. The key pillars to our call are (1) an earnings growth recovery in...

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28 Oct 2022 08:37Broker

Changing Landscape for Global Plays - Shifting the Allocation of Global Plays Toward Asia

The global economy is less synchronized than in the past, meaning that a global plays strategy should be more area focused to enhance the growth...

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bullishTipco Asphalt
16 Aug 2022 14:54Broker

TASCO : Earnings to Slow Down in 2H22

We keep our SELL rating with a new TP of Bt14.50 (+4% from prior TP), as we rollover to 1.41xPBV’23E, which is -2SD of its 5-yrs trading mean....

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bullishTipco Asphalt
25 Feb 2022 14:32Broker

TASCO: Crude Price Hike to Pressure 2022 Earnings

Downgrade to SELL from HOLD rating and cut TP by 41% to Bt14, derived from 1.4xPBV’22E, Asia ex-Japan Materials sector. We believe the valuation...

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bullishTipco Asphalt
26 Jan 2022 09:40Broker

TASCO: 4Q21 Earnings on Track to Bottom-Out

Maintain HOLD rating with a TP of Bt19.80  based on 1.9xPBV’22E, -1SD of its 3-years trailing average.Our rating factors in weak 22E outlook, erode...

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