HAAD THIP Plc. (HTC): 1Q26 Core Profit Came In Line With Estimates
1Q26 revenue reached Bt2.35bn, up 12% YoY and 8% QoQ. This outperformed the non-alcoholic ready-to-drink (NARTD) market in Southern Thailand, which...
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HAAD THIP Plc. (HTC): Cost Pressures Remain Manageable – Neutral (12M FWD Fair Value Bt15.60)
We maintain a Neutral rating, as the current share price appears fully valued against the revised fair value of Bt15.60 (down from Bt17.40).
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HAAD THIP Plc. (HTC): Market Slowdown Hit 4Q25 Profit; Attractive Dividend Yield
The stock still offers about 11% upside to our new FV of Bt17.40, based on a required return of 9.3% (previously Bt19.20 and 8.1%), following a...
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HAAD THIP Plc. (HTC): 3Q25 Profit Resilient Despite Soft Market
HTC reported 3Q25 net profit of Bt131mn, up 1% YoY as promotional activities helped lift revenue amidst softening market and profitability improved.
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HAAD THIP Plc. (HTC): Resilient Dividend Play Amid Economic Volatility
We initiate coverage on HTC with an Outperform rating. The fair value of HTC is derived from 12-month forward earnings estimates, discounted at a...
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