bullish
EGCO: Seeking New Expansion Opportunities
Last week's analyst meeting came out in a neutral tone. We maintain our BUY recommendation based on a target price of Bt278.0 derived using DCF methodology (WACC 8.5% and TG 1%), implying 13.1x PE’21.
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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
- Thailand Power Sector: Overweight-Bright 2021 Performance07 Jan 2021
- EGCO: 3Q20 Core Profit Grew from Overseas Contribution12 Nov 2020
- EGCO: Positive 2H20 Earnings Outlook from Better Overseas Performance27 Aug 2020
- EGCO: 2Q20 Earnings to Be Pressured by Lower Overseas Contribution26 May 2020
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