DOHOME: Solid Growth Outpacing Peers
We maintain HOLD rating with a new target price of Bt20.4 (Previous TP: Bt16.2), based on 35xPE’21E, which is close to major listed home...
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DOHOME: Trading on High Valuation Zone
DOHOME’s 4Q20 net profit was at Bt215m (+41%YoY, +15%QoQ), the highest level in the past seven quarters. The company reports 2020 net profit of...
510 Views
ILM: King of Home Furnishing Retailers in Thailand
We initiate coverage of ILM with a BUY rating, based on a target price of Bt22.0, which is derived from 15xPE’21E, close to its average trading...
369 Views
The Week that Was in ASEAN@Smartkarma - A Digitally Enhanced SE Asia, Cement, and Thai Equities
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
292 Views
DOHOME: Solid SSSG Drove 3Q20 Earnings to Grow YoY
We expect 4Q20 earnings performance to grow YoY, but flat QoQ driven by government stimulus scheme and improving margin from higher retail sales...
379 Views