bullish
EGCO: Positive 2H21 Earnings Outlook
Yesterday analyst meeting came out in a positive tone. We maintain the BUY recommendation based on a target price of Bt220.0 derived using DCF methodology (WACC 9.8% and TG 1%), implying 11x PE’22E.
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- EGCO: Earnings Upcycle and Net Project Additions in 2H2109 Jun 2021
- EGCO: Target 16% Capacity Expansion in 202105 Mar 2021
- EGCO: Seeking New Expansion Opportunities24 Nov 2020
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