In today’s briefing:
- ONEE: Expect Core Earnings to Hit All-Time High Level
ONEE: Expect Core Earnings to Hit All-Time High Level
- We reiterate ONEE with a BUY rating, based on a new target price of Bt12.70 (previous TP:11.80)derived from 26.7xPE’22E,which is the average for the stocks in Thailand’s communication services sector
- We expect the company to report 4Q21 net profit at Bt221m (-15%YoY +32%QoQ). Excluding deferred tax item in 4Q20, core earnings would grow 17%YoY, all-time high level.
- Ads spending via TV look resilient relative to overall media
Before it’s here, it’s on Smartkarma
