Recommendation: Buy on Weakness, Sell on Strength
The SET Index is expected to move sideways up, with the resistance at 1,640/1,650 points and the support at 1,629 points (10-day EMA)/1,619 points...
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Earnings Boosted by Associates
CK delivered better-than-expected earnings in 3Q20 thanks to the strong performances of both CKP and BEM. Although the share price has increased...
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Sluggish Earnings Expected in 2Q20E
CK's net profit in 2Q20E should continue to be weighed down by the weak earnings performances of affiliates. We forecast a small net profit of...
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1Q20 Profit Down YoY Due to Weaker GPM on More Intense Competition
SEAFCO's 1Q20 earnings declined YoY due to a narrower gross profit margin (GPM) but recovered QoQ thanks to higher revenue. COVID-19 will result...
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Temporarily Hurt by Family
We cut CK's earnings in 2020-21E to reflect our downward revision of affiliates' earnings, both BEM and CKP. We expect CK to report a net profit...
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