bullish
EGCO: Earnings Upcycle and Net Project Additions in 2H21
Yesterday analyst meeting came out in a positive tone. We maintain our BUY recommendation based on a target price of Bt278.0 derived using DCF methodology (WACC 8.1% and TG 1%), implying 14x PE’22.
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- EGCO: Undemanding Valuation and Bright 2022 Outlook04 Mar 2022
- EGCO: Targets 15% Growth from New M&A’s in 202224 Nov 2021
- EGCO: Positive 2H21 Earnings Outlook31 Aug 2021
- EGCO: Target 16% Capacity Expansion in 202105 Mar 2021
- EGCO: Seeking New Expansion Opportunities24 Nov 2020
- EGCO: 3Q20 Core Profit Grew from Overseas Contribution12 Nov 2020
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