ASIAN: Unlock Value and Potential Growth of AAI Via IPO
Maintain BUY rating and roll forward valuations to FY22E, with a new target price of Bt23 (up 5% from previous TP), based on 10.3xPE’22, which is...
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ASIAN: Strong Profit in 2Q21 Will Continue in 3Q21
We reiterate our BUY recommendation with a new target price at Bt22.0 (from Bt20.0), based on 16.5xPE’21 which is equal +1SD to its 5 year average.
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ASIAN: Bright Outlook in 2Q21 in All Businesses
Analyst meeting came out with positive tone. Demand in pet food and value added frozen products remains strong in 2Q21. Own brand pet food grows...
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ASIAN: Solid Outlook in 2021 as Pet Food Continuously Grows
Analyst meeting came out with positive tone. We expect pet and frozen food demand to continuously grows as a result of capacity expansion by 3Q20...
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ASIAN: Foresee a Downturn from Thai Baht Appreciation
ASIAN posted a strong earnings at Bt202m in 3Q20 (493%YoY, -33%QoQ), slipped from 2Q20 peak. 9M20 result is responsible for 82% of our 2020E forecast.
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