Reality Check IV: Can "Shop Peau Chart" Revive Thai Retailing?
The military government has revived the "Shop Peau Chart" campaign which aims to spur retail spending in the last days of December 2016. We think...
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Macro to Micro: Thai Consumption Has Stagnated. Consumer Stocks Are near Record Valuations- Hmm.
The Thai consumer faces many headwinds: The household sector is more leveraged than in prior cycles; Thai export performance has been poor and...
555 Views
JUBILE: Expected 1Q20 Earnings to Be the Five-Quarter Low
We downgrade from BUY to HOLD rating and cut our target price by 38% to Bt15 based on 15xPE’1H21. Our rating reflects weak SSSG. However, we...
483 Views
JUBILE: 2Q19 Earnings Hit a Record Level
JUBILE reported 2Q19 net profit of Bt67m (+37%YoY, +26%QoQ), the record level and better than our expectation.  YoY growth was driven by 15%YoY...
534 Views
JUBILE: Leading Retailer of Diamond Jewelry Enjoy Margin Expansion
JUBILE reported 2Q18 net profit of Bt49m (+8.9%YoY, +4.2%QoQ). The 1H18 result was 41% of our full-year forecast and in line with our forecast....
743 Views