Pursuing Inorganic Growth
We have a positive view on CPW's decision to acquire the retail assets of IBIZ Plus as this will strengthen its market presence, facilitate...
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2020 Earnings Below Forecast
CPW's 2020 results missed our expectation on a weak top line and GPM thanks to the adverse impact of the pandemic. We revise down the 2021-2022E...
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Slow 3Q20 Recovery; High Expectations for 4Q20E
CPW's 3Q20 results recovered slightly slower than our expectation. We, however, anticipate a big rebound in 4Q20E thanks to the solid lineup of...
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Entering Seasonal Peak
We retain our Buy rating on CPW on the expectation of a strong rebound for the 2H2OE earnings thanks to the solid lineup of new products, both...
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A Dull Quarter Amid the Lockdown
CPW's 2Q20 results remained in the black despite the closure of retail shops, but we cut its full-year forecast to reflect the anemic 1H20...
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