ENTITY
Ichitan

Ichitan (ICHI TB)

163
Analysis
Consumer Staples • Thailand
Ichitan Group Public Company Limited is a leading Thai beverage manufacturer specializing in ready-to-drink green teas, herbal drinks, fruit juices, and energy drinks. The company produces a diverse portfolio of non-alcoholic beverages, including major brands like Ichitan Green Tea and Yen Yen. Headquartered in Bangkok, Thailand, the company was founded in 2010.
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bullish•Ichitan
•26 Jan 2021 10:39•Broker

ICHI: Healthy Earnings in 4Q20E and Fresh Outlook in 1H21

We reiterate our BUY rating with a target price at Bt13.50, derived from 24.7xPE’21E, which is ICHI’s 5-year trading average.

bullish•Ichitan
•19 Nov 2020 13:33•Broker

ICHI: Fresh Outlook in 2021 Thanks to Functional Drinks

We reiterate our BUY rating with a new target price at Bt13.50 (from Bt10.10), derived from 24.7xPE’21E, which is ICHI’s 5-year trading average.

bullish•Ichitan
•28 Aug 2020 15:46•Broker

Fresh Outlook in 2H20 from New Vitamin Water

Yesterday analyst meeting came out with a slight positive tone. We expect 3Q20 earnings to slightly drop from its seasonal peak (2Q20) but still...

•27 Aug 2020 13:50•Broker

M: Rapid SSSG Recovery with Potential Growth from Seafood Restaurant

We came out with a positive tone after yesterday analyst meeting driven by MK’SSSG recovery rapidly after lockdown easing. We expect COVID-19...

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