BGC: Swap SPM Shares with BGE Will Provide Accretive Value
The deal to liquidate SPM (100%) in exchange with cash and some holding in BGE will allow the company to expand its packaging business while...
422 Views
BGC: Energy Cost Pressures 2H21 Earnings
We maintain BGC with HOLD rating with a target price of Bt11.8 based on 15xPE’1H22E, close to the average of the Thai packaging sector.
274 Views
BGC: Aim to Be “Total Packaging Solution’’
Yesterday analyst meeting came out with a neutral tone as we anticipate earnings in 2021E to drop owning to a rise in cost of production. We...
376 Views
BGC: Relieved Concern on Capital Raising
We upgrade our rating for BGC from HOLD to BUY with a new target price of Bt14.0 based on 14.9xPE’21E, close to the average of the Thai packaging...
349 Views
BGC: Uncertainty over M&A Deal Remain Overhang Until AGM in April
We maintain HOLD rating with a target price of Bt11.5 based on 12.3xPE’21E, close to the average for the Asia ex-Japan Materials Sector. Our EPS in...
340 Views