Company Visits: Pruksa's Tough Times, Indorama's Strong Operations
We met up with Indorama, the largest petrochemicals company in Thailand outside PTT Group, and Pruksa, a leader in the low-cost SDH segment that...
574 Views
IVL: Disappointed Spreads Dragged Its Performance Down
IVL reported 3Q19 net profit of Bt792m (-92%YoY,-65%QoQ), the worst in almost four years. Thus, we cut our earnings forecast in 2019-21E by 29-50%...
525 Views
IVL: Insignificant Impact from Plastic Banning
We believe an issue on banning of single-use plastics will push only a short-term negative sentiment on IVL, whereas the worst case impact would be...
706 Views
IVL: World-Class Company with Potential for More Growth
We initiate coverage of IVL with a BUY rating and a 1H20E target price of Bt47.50, derived from 13.5xPE’1H20, which is the world Materials Sector...
648 Views
The New Thai-Coons (Class of 2018)
If we defined a "Thai-Coon" as a top ten billionaire of Thailand with control of at least one listed entity, then there's gotta be some changes...
450 Views