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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The Stocks to Own in Thailand – Vol. 31
We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the Thai...
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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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The Week that Was in ASEAN@Smartkarma - Thai Politics, BCA's +ve Liabilities, and Singapore O&M
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
401 Views
ASIAN: 2Q20 Earnings Reached Its Peak
We maintain our ‘SELL’ rating with a new target price at Bt10.3 (from Bt7.2), derived from 11.6xPE’21E which equal to its 3-year trading average....
468 Views