M: Rapid SSSG Recovery with Potential Growth from Seafood Restaurant
We came out with a positive tone after yesterday analyst meeting driven by MK’SSSG recovery rapidly after lockdown easing. We expect COVID-19...
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M: Expect 2Q20 Performance to Bottom Out
We maintain HOLD rating but cut our target price by 9% to Bt50 (25xPE’21E, a 20% premium to the Asia ex-Japan consumer staple sector). We expect...
292 Views
M: Weakening Sales Expected
We downgrade M to HOLD from BUY to factor in weakening sales outlook and cut our target price by 39% to Bt54 (22xPE’20E, Asia ex-Japan consumer...
254 Views
M: Expected Benefits from Acquire 65% of Laem Charoen Seafood
M announced the Stock Exchange of Thailand on 6th September to acquire 65% of Laem Charoen Seafood (LCS) with an investment of...
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M: 1Q19 Earnings Reach a Record High
M reported 1Q19 net profit of Bt710m (+17%YoY, +12.3%QoQ) and in line with our expectation. The YoY growth was caused by better 7.5% sales growth...
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