BGC : 3Q22 Earnings In-Line with Estimates
We retain our HOLD recommendation with a rollover TP of Bt10.70, derived from 15.2xPE’23E. Our neutral views are supported by 1) intact growth: 2)...
406 Views
BGC : Earnings Recovery in Sight
We keep our HOLD rating with TP of Bt10.5, derived from 13.2xPE’23E. We expect 3Q22 earnings to recover QoQ, backed by effective pass-through of...
363 Views
BGC : Packaging Remains a Key Focus
Yesterday site visit to BVP and BGP plants came out as neutral tone.We do see its underlying growth potential but believe both will not be a growth...
427 Views
BGC: Expect 4Q21 Earnings to Recover QoQ
Yesterdays’ analyst meeting came out with a neutral tone. We expect 4Q21 earnings to improve on QoQ, especially from surge in glass packaging unit...
323 Views
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