bullish
KCE: Expected 2Q21E Earning at Bt531m (+644%YoY, +6%QoQ)
We maintain BUY rating, with new 2022E target price of Bt90.00, from Bt74.50, derived from 38.4x PE’22E, which is +1 SD of its 5-year trading average. We see rerating catalyst from KCE resiliency
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- KCE : 2H22 Outlook Is Better than 1H2211 Aug 2022
- KCE: Revise 2022 TP Down by 7% to Reflect Short-Term Issues10 Feb 2022
- KCE: On Promising Growth Path16 Aug 2021
- KCE: Buy Outlook Ahead13 May 2021
- KCE: Stock Is Expensive Even with Strong 2021-22E Earnings17 Feb 2021
- KCE: Bright Outlook but at Demanding Valuation12 Nov 2020
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