AI: Expect Gradual Recovery in 3Q21 Earnings
We change our target price to Bt10.4 from existing target price of Bt2.6 to factor in change in par value from Bt0.25 to Bt1.0, effective on 11 Oct...
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AI: 2Q21 Net Profit Was the 8-Quarters Low
AI reported 2Q21 net profit of Bt58m (-63%YoY, -52%QoQ), eroded by delayed project execution of insulator business. Meanwhile, contribution from...
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AI: Strong Demand of Biodiesel Supported 4Q20 Earnings Growth
AI’s 4Q20 net profit was at Bt259m (+75%YoY, +54%QoQ) on the back of growing demand for biodiesel. The company reported 2020 net profit of Bt749m...
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AI: Expect Brighter 2H20 Outlook
We are positive to its 2H20 earnings onwards on the backs of growing demand for biodiesel and cost reduction from insulator business.• Insulators...
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AI: Local Leader in Electrical Insulators
We initiate coverage of AI with a BUY rating and a target price of Bt1.94, based on a sum-of-the-parts valuation consisting of AI’s insulator and...
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