bullish
KCE: Buy Outlook Ahead
We upgrade our recommendation to BUY rating, from SELL, with new 2022E target price of Bt74.50, from Bt50.00, derived from 32.0x PE’22E, which is +1 SD of its 7-year trading average.
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- KCE: Revise 2022 TP Down by 7% to Reflect Short-Term Issues10 Feb 2022
- KCE: On Promising Growth Path16 Aug 2021
- KCE: Expected 2Q21E Earning at Bt531m (+644%YoY, +6%QoQ)12 Jul 2021
- KCE: Stock Is Expensive Even with Strong 2021-22E Earnings17 Feb 2021
- KCE: Bright Outlook but at Demanding Valuation12 Nov 2020
- KCE: Riding the European Automotive Upcycle17 Aug 2020
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