TTW : 3Q22 Earnings to Improve QoQ While Soften YoY
We see the recent plunge in share price (17% in past 20 days) was due to the concerns over contract expiry of PTW (subsidiary of TTW) in Oct 2023....
250 Views
TTW : Better Seasonality Will Drive 2Q22 Earnings
We expect the 2Q22 earnings to improve QoQ from seasonal higher equity income from CKP. However, core operations should weaken due to lower tap...
239 Views
TTW: Bleak 2022 Outlook and Recovery Thereafter
We downgrade the rating to HOLD from BUY and revise down the target price by 22% to Bt11.70 due to weak earnings outlook from low tap water demand...
305 Views
TTW: Expect Profit from Equity Income to Support 2022 Earnings Growth
We expect 4Q21E net profit at Bt736m (+7%YoY, -21%QoQ), dropping QoQ due to lower equity income contribution from power plant business.
195 Views
TTW: Expect 3Q21 Earnings to Be the Peak Quarter
We expect TTW to report 3Q21 net profit of Bt874m (-6%YoY, +2%QoQ) then should drop in 4Q21 due to lower contribution from CKP.
230 Views