Company Update: Mk Restaurant Group Plc. (M)
As a restaurant chain operator with a strong financial position, M is expected to see its 2H2OE earnings recover HoH after the resumption of...
88 Views
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...
503 Views
Net Loss in 2Q20; Better 2H20E Outlook
M reported a net loss of Bt247mn in 2Q20, ahead of our forecast of -Bt453mn and the market estimate of -Bt395mn due to a better-than-expected...
87 Views
M: Expect 2Q20 Performance to Bottom Out
We maintain HOLD rating but cut our target price by 9% to Bt50 (25xPE’21E, a 20% premium to the Asia ex-Japan consumer staple sector). We expect...
428 Views
M: Weakening Sales Expected
We downgrade M to HOLD from BUY to factor in weakening sales outlook and cut our target price by 39% to Bt54 (22xPE’20E, Asia ex-Japan consumer...
445 Views