In today’s briefing:
- Destiny Investment Token: Destined Only for the Fans
- EASTW: Negative Tone Towards Long-Term Earnings Outlook
Destiny Investment Token: Destined Only for the Fans
- We are launching coverage of Destiny Investment Token (DESTINY CURNCY) (DESTINY) which will be classified as an investment token in Thailand.
- At 2.99%, the 2-year callable tokens are not attractive, in our view.
- The on-going COVID-19 will pose a risk that the conditional THB1bn box office (for additional 2.01% return) will not be easily achievable.
EASTW: Negative Tone Towards Long-Term Earnings Outlook
- Regarding the concern over incapability of EASTW to extend concession water pipeline system belonged to the Treasury Department,we have concluded the impact under our base case scenario that the company
- 4Q21 net profit was at Bt184m (+16%YoY, -20%QoQ) while 2021 net profit reported at Bt1.1bn (+39%YoY), in line with our forecast and expectation.
- 4Q21 raw water sales volume reported at 59.3 million m3 (+1%YoY -6%QoQ). Tap water sales volume contracted to 23.0 million m3 (-5%YoY -6%QoQ).
Before it’s here, it’s on Smartkarma
