KEX : Net Loss in 2Q22 Should Be Bottom of 2022
We anticipate KEX net loss in 2Q22 at Bt732m to be the bottom quarter of 2022 but still continue to incur net loss for at least in the next two...
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KEX: Price War Still Go on for the at Least Until 2nd Half of 2022
We anticipate KEX earnings performance to experience net loss for at least in the next two quarters while expecting to see market consolidation...
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KEX: Expect Earnings to Grow Strongly in 2H21
We expect KEX to post 3Q21 net profit of Bt337m (+16%YoY +1%QoQ), the highest level in the past three quarters. We maintain KEX with a BUY rating...
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KEX: Maximizing Parcel Volume as the Priority
We are positive toward KEX’s core strategy to run the business in 2021 amid the uncertainty over unfavourable macroeconomic condition and...
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KEX: Demanding Valuation with No Short-Term Catalyst
We initiate coverage of KEX with a SELL rating, based on a target price of Bt43.0 derived from a DCF methodology (WACC 7.4%, terminal growth 3%)...
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