bullish
KEX: Demanding Valuation with No Short-Term Catalyst
We initiate coverage of KEX with a SELL rating, based on a target price of Bt43.0 derived from a DCF methodology (WACC 7.4%, terminal growth 3%) and implying 49.4xPE’21E
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
Price Chart(Sign Up to Access)
- KEX: Price War Still Go on for the at Least Until 2nd Half of 202217 Feb 2022
- KEX: Expect Earnings to Grow Strongly in 2H2121 Oct 2021
- KEX: Maximizing Parcel Volume as the Priority19 Feb 2021
- KEX: Demanding Valuation with No Short-Term Catalyst19 Jan 2021
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