The Week That Was in ASEAN@Smartkarma - Malaysian Politics, Indonesian Consumers, and Central Retail
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
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Snippets #11: DTAC Says No to 1800MHz?!?
DTAC refuses to bid. Now What? Last Friday, one of the craziest things happened in Thai telecom history. Much like the time CAT managed to block a...
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GGC : Weak 2023 Outlook from Softening FA Margin
We maintain the SELL rating with a TP of Bt12.80. GGC reported a weak 3Q22 net profit of Bt70m, declining both YoY and QoQ due to a huge stock loss...
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GGC : Challenging Outlook in 2H22
We reiterate our SELL rating with a TP of Bt12.8 derived from 1.2BV’23E. Given cloudy 2H22 and 2023E earnings trend from weaker CPO and CPKO prices...
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GGC : 2Q22 Core Profit Grew YoY and Drop QoQ
We downgrade to SELL from HOLD and roll over TP to Bt12.80 (-2% from previous TP), derived from 1.2xPBV’23E. Given cloudy 2H22 and 2023E earnings...
368 Views