In today’s briefing:
- Thai Beverage (THBEV SP): Cheaper than Peers with an Upcoming Catalyst
- Golden Agri-Resources (GGR SP): Could Outperform Peers
Thai Beverage (THBEV SP): Cheaper than Peers with an Upcoming Catalyst
- Thai Beverage (THBEV SP) has trended lower over the last couple of years and the stock is trading very close to its lows.
- There has been a contraction in multiples and Thai Beverage (THBEV SP) trades cheaper than a lot of its Asia listed peers.
- A potential index inclusion could bring in significant passive inflows and result in a rerating of the stock.
Golden Agri-Resources (GGR SP): Could Outperform Peers
- Golden Agri Resources (GGR SP) has traded lower over the last year and trades cheaper than some of its peers.
- Revenue, income and net profit margins have been moving higher over the last few years and EPS/DPS have increased sharply over the last two years.
- Potential passive buying could result in Golden Agri Resources (GGR SP) outperforming peers in the near term.
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