TOA: Expect Earnings to Recover Slowly in 2022
We believe a high raw material cost will not be sustain given U.S. Energy Information Administration (EIA) forecasts crude oil prices to decline in...
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TOA: Recovering Demand for Decorative Paint Drive 4Q21 Earnings
Analyst meeting came out with a neutral tone. We expect 4Q21 earnings to recover QoQ but flat YoY caused by rising cost.
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TOA: Increase in Raw Material Costs Pressures 2Q21 Profit
Analyst meeting came out with a neutral tone. We expect TOA net profit in 2Q21 to weaken QoQ due to rising cost, but long-term outlook remains solid.
159 Views
TOA: Gradual Growth Through Total Solution Services
Yesterday analyst meeting came out with a neutral tone. We foresee a sales growth potential in construction material products. Meanwhile, we expect...
208 Views
TOA: Painting Growth in a New Colorful Market
We initiate coverage of TOA with a HOLD rating, based on a target price of Bt33 derived from a DCF methodology (WACC 7.5% and terminal growth of...
348 Views