Sector Capsule: Apparel Accessories in Thailand
Headlines Apparel accessories increases by 3% in current value terms in 2016, to reach THB11.2 billion Outbound tourists support the demand for...
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Kerry Express (KEX TB)'s MTO Update
KLN is inexpensive at a trailing 3.2x PER for its stub ops - ex-KET. The five-year average is 6.7x (incl KET). KLN is up 15% since the in-specie...
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Kerry Express (KEX TB): Kerry Logistics (636 HK)'s In-Specie Triggers MTO
KET is trading 2% through term. Get involved if this were to dip below the net terms. Or buy outright is you have a firm conviction on the back...
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VGI : On Slow Recovery Pace Relative to Peers at Demanding Valuation
VGI reports Bt68m net profit in FY2Q23 (July’22-Sept’22). Stripping out extra items mainly from sales of investment, loss from core operation would...
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VGI : Still in Recovery Path but at a Sluggish Pace Against Peers
We downgrade VGI to HOLD rating while trim down target price to Bt4.60 (previous TP: Bt6.20) after revise down earnings in 22-23E by 57% and 24%...
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