INOX: Strong 1Q18 Result with Solid Outlook
INOX posted net profit in 1Q18 of Bt197m (-13%YoY, +77%QoQ). 1Q18 earnings accounted for 55% of our full-year forecast. We maintain a BUY-rating on...
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INOX: 4Q17 Performance Confirmed Business Turnaround
INOX reported 4Q17 recurring EPS of Bt0.01 (-46% YoY, +550% QoQ) The company produced a FY2017 EPS of Bt0.04 which is 4% better than our...
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INOX: Rerating on Business Shift to Greater Stability
We initiate coverage on INOX with a BUY rating and a 2018E target price ofBt1.90, based on a PBV’18E of 1.6x, which is the average of the Thai...
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