Ngern Tid Lor IPO Lock-Up - A US$660m Overhang. Selldown Is a Question of When, Not If.
Ngern Tid Lor (NTL), a financial service provider based in Thailand, raised around US$1bn in its Thailand IPO in May 2021. The lock-up on its two...
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The Week That Was in ASEAN@Smartkarma - Indonesia & CPO, ROTI, and Siam Cement
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
437 Views
BBL: Growth Momentum Intact Despite Uncertainties
Maintain our BUY call with a lower target price of Bt159 (from Bt162) reflecting an earnings downgrade. Our BUY call reflects steady earnings...
512 Views
BBL: Growth Momentum Intact
Maintain our BUY call with a target price of Bt162. Our BUY call reflects steady earnings growth, resilient balance sheet, and undemanding...
315 Views
BBL: Good Quality Growth
Maintain our BUY call with a target price of Bt162. Our valuation is derived from the Gordon Growth Model (ROE 6.6%, growth 2%), implying 0.6x...
357 Views