SET50 Index Rebalance Preview: Potentially Three Changes & Move to Free Float Weighting
There could be 3 changes to the SET50 at the June review with STGT, STA & IRPC joining the index at the expense of VGI, TOA & COM7. The methodology...
554 Views
KCE: Stock Is Expensive Even with Strong 2021-22E Earnings
We downgrade our recommendation to SELL rating, from HOLD, with new 2021E target price of Bt50.00, from Bt31.25, derived from 31.1x PE’21E, which...
212 Views
The Week that Was in ASEAN@Smartkarma - A Digitally Enhanced SE Asia, Cement, and Thai Equities
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
295 Views
KCE: Bright Outlook but at Demanding Valuation
We maintain HOLD rating with new 2021E target price of Bt31.25, from Bt27.00, derived from 22.7x PE’21E, which is +1 SD of its 5-year trading average.
237 Views
KCE: Riding the European Automotive Upcycle
We initiate coverage of KCE with a HOLD rating and a 2021 target price of Bt27.00, derived from 22.7x PE’21E, which is +1 SD of its 5-year trading...
302 Views