WHA: Await for Earnings Recovery in 4Q20
Concern over the escalating global trade dispute and pandemic has pressured the company’s land sales and utility dispatch in 1H20. However, we...
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WHA: Solid Long-Term Outlook Remains Intact
Concern over the pandemic has stopped potential foreign investors to travel into Thailand, resulting in tiny land presales unit in 1Q20. However,...
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Land Sales Momentum Still on a Ride
We came out from analyst meeting on 17th November with positive tone toward 4Q19 earnings that we expect to be the highest quarter of the year,...
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WHAUP: Duong River Projects, a Key Driver in 2020E
From analyst meeting yesterday, we came out with a positive tone for both utility and power business. We maintain our BUY rating with the target...
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WHA: Thailand’s No.1 Solution Provider in Industrial Facilities and Logistics
We initiate coverage of WHA with a BUY rating, based on a target price of Bt5.45 and derived from 1.1x relative PE to the World industrial estate...
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