GGC: Growth Momentum in 4Q21 Priced In
Downgrade to HOLD rating due to limited upside from current market price, with a TP of Bt14.60 based on 1.4xPBV’22E, which is ASIA ex-Japan...
128 Views
GGC: Improve Volume to Drive 4Q21 Earnings
Yesterday analyst meeting came out with a positive tone. We expect GGC’s earnings to remain at a high level, backed by rising sales volume and...
284 Views
GGC: Expect 3Q21 Earnings to Reach 3-Quarter High
We expect 3Q21 earnings at Bt217m (+117%YoY, +171%QoQ), soaring to the three-quarter high, on the back of margin expansion. •Expect gross margin to...
63 Views
GGC: An Increase in CPO Price to Decelerate in March
Yesterday analyst meeting came out with a neutral tone. We expect GGC’s core EBITDA to remain solid in 1Q21. However, net profit will be dragged...
161 Views
GGC: Core Profit Improved in 4Q20 Thanks to Rising B100 Margin
GGC reported net profit of Bt565m in 4Q20 (196%YoY, 471%QoQ). Core EBITDA was Bt273m in 4Q20 (14%YoY, -12%QoQ), supported YoY by rising margin in...
382 Views