ARROW: 4Q17 Is the Lowest in Twelve Quarters and Ready to Turnaround
4Q17 EPS was Bt0.17 (-34%YoY, -9%QoQ). The FY2017 EPS was Bt0.75 (-27%YoY) and was in line with our forecast. 4Q17 net profit was at Bt43m the...
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ARROW: Revenue to Flow Down the Pipe Amid Product Expansion
We initiate coverage on ARROW with a BUY rating, based on a target price of Bt17 derived from 17xPE’18E, which represents its three-year average...
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Reality Check VIII: Is ZIGA Still Worth a Bet?
Good investment or pipe dream? We looked at ZIGA, a pipe company that was just listed in August, after some of our friends missed the IPO and was...
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