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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ASIAN (ASIAN TB): Pet Food and Aqua Feed to Drive Growth
Good price momentum, strong net profit momentum, and low correlation relative to its sector ASIAN continues to increase its exposure to...
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Asian Seafoods: These Days, Even Shrimps Need an OEM
The OEM of seafoods. An OEM (original equipment manufacturer) is basically someone who builds for other people’s brand. Normally, that’s what you...
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ASIAN: Premium Pet Food Offers Premium Margins
Good price momentum, low price-to-sales, and strong salesmomentum relative to its sector ASIAN is enjoying a strong recovery in its main frozen...
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