S: Outshines Thai Property Peers on High Recurring Profit
We initiate coverage of S with a BUY rating, based on a target price of Bt4.2 derived from a sum-of-the-parts (SOTP) methodology and implying...
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M: Trimmed 2019-20E Earnings Forecast by 12% and 19%
M had 4Q18 net profit of Bt606m (+11%YoY, -10%QoQ). The 2018 earnings was 10% lower than our forecast but in line with our expectation. Excluding...
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IPO Stalker: Quick Catch-Up With Mudman
We had the chance to meet up with a Mudman director recently to dig their brains on the company and the related restaurant business ( Thai...
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The Donut Dilemma: Thailand Takes On Trans-Fats
The Health Ministry has announced a ban of trans-fats in Thailand starting January 8, 2019. MCorp Review believes that given the six months grace...
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South Series (Part 5): Phuket Cruise Crisis and Sino-Thai Tourism
In July, a leisure cruise ship sank off the shores of Phuket, and almost all of the 47 mainland Chinese tourists on board were killed. The event is...
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