Haad Thip Public Company Limited manufactures and distributes soft drinks. The Company produces sparkling beverages and drinking water. Haad Thip serves customers in Thailand.
HTC reported 1Q18 net profit of Bt88m (+3%YoY, +56%QoQ). The 1Q18 result was 25% of our full-year forecast and was in line with our forecast.
Sales...
We initiate coverage on HTC with a BUY rating and based on a target price of Bt27, derived from 15.7xPE’18E, which represents its two-year average...