M (M TB): Efficiency Improvements to Drive Margin
Good gross profit return, low short-term price volatility, and earnings on an upward trend relative to its sector M opened 27 new outlets as of...
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M (MK TB): Strong Margins and Continued Expansion
Good gross profit return and low long-term price volatility vs. the market relative to its sector M launched 11 new outlets in 2Q18 (4 MK, 5...
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M (M TB): Cash-Loaded Hot-Pot Chain Continues to Expand
Good gross margin, share price is less volatile, and more attractive to analysts relative to its sector M launched 8 new outlets in 1Q18 (2 MK, 5...
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M: Gross Profit Widen to 68.5% Causes Increase Bottom Line Growth
M reported 1Q18 net profit of Bt632m (+14%YoY, +16%QoQ). The 1Q18 result was 22% of our full-year forecast and was in line with our forecast. Sales...
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M: Big-Three Chain Restaurant Giant Ramps up Brands and Networks
We initiate coverage on M with a BUY rating, based on a target price of Bt96 and derived from 31xPE’18E, which is the +2SD of three-year average...
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