Daily BriefsThailand

Thailand: Ichitan Group and more

In today’s briefing:

  • ICHI: Bright Outlook in 2022 and Beyond

ICHI: Bright Outlook in 2022 and Beyond

By Pi Securities PCL, Thailand

  • Analyst meeting came out with a positive tone. we expect 2022-24E earnings to continue to grow at 19%CAGR supported by new products launch and market expansion in SEA, especially 
  • Both product and market expansion will be key growth drivers in 2022.
  • Cut 2022-24E forecast  to reflect the sluggish economy.  Announce annual DPS of Bt0.50 (XD on 5 May).

Before it’s here, it’s on Smartkarma