GOLD: 39% Sales Growth Along with Margin Expansion
GOLD reported FY2Q18 net profit of Bt465m (+53%YoY, -25%QoQ). The FY1H18 result was 51% of our full-year forecast and in line with our forecast....
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GOLD: Determined Plan to Reach Top Five in Thai Property
We initiate coverage on GOLD with a BUY rating, based on a target price of Bt18 and derived from the 20xPE’18E of World Real Estate sector. The...
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STAR: Biggest Refiner Outside the PTT Group
Son of Chevron. PTT is by far the mightiest business group in Thailand's oil & gas sector, but there is one refiner that isn't owned by PTT,...
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UV: Land Bank Grows as Real Estate Sales on High Rise
Good price momentum, low core profit valuation, and low correlationwith Western stock markets relative to its sector UV’s real estate sales up 36%...
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Property, Portfolio, & Politics
We visited two companies today. Golden Land seemed to have pretty decent outlook, though it is more expensive than stocks we have in our portfolio...
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