ASIAN: Good Performance Has Already Priced In
We downgrade our recommendation to ‘SELL’ from ‘BUY’ with a new target price for 2021E at Bt7.2 (from Bt6.0), derived from 12.3xPE’21E which equal...
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ASIAN: Foresee an Improvement YoY Thanks to Baht Weakness
ASIAN’s profit skyrocketed to Bt105m (76%YoY, 576%QoQ), the highest level in the past six quarters. We foresee an improved performance from Thai...
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ASIAN: Business Transformation Drags Its Performance
Analyst meeting held last week came out with a positive tone for pet food segment while transformation in frozen units tends to continue to 1Q20E....
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ASIAN: Thai Baht Appreciation Drags Its 2Q19 Earning Down
ASIAN reports 2Q19 net profit of Bt22m (-76%YoY and -63%QoQ), lowest in the past five quarters and accounted for 26% of 2019E forecasts. The YoY...
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ASIAN: Strong Growth at an Appetizing Price
We initiate coverage of ASIAN with a BUY rating, based on a target price of Bt9.70, derived from 12xPER’19E, which is its three-year trading...
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