Dark Clouds Over Erawan
We recently visited Erawan and Global Green Chemicals (GGC TB) this week. Let's just say the companies are having a hard time even before the...
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Golden Agri: Pricing Up / Stock Down:Â Trading Buy
INVESTMENT CONCLUSION: An improved outlook for CPO pricing should support the shares into the S$0.30s. Pricing expectations have improved as a...
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GGC: Biodiesel B10 to Support Company’s Earning by 2020E
Analyst meeting held last week came out with a positive tone for methyl ester business but negative for glycerine and fatty alcohols. We maintain...
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GGC: Cautious on Margin Contraction
We downgrade our recommendation from “BUY” to “HOLD” and cut our target price by 26% to Bt10.6 derived from 22xPE’20 its two-years average trading...
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GGC: Moving Forward with Green Growth Projects
We initiate coverage of GGC with a BUY rating and a 2019E target price of Bt14.2, derived from 2x the relative PE of the Materials sector, which is...
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