PSL: Expect Core Earnings to Hit Another Decade High in 2Q21
We expect PSL to report 2Q21 core profit at Bt598m (+60%QoQ, recovery from a loss in 2Q20), the highest level in more than decade.
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PSL: Anticipate Demand for Seaborne Trade to Slow Down in 2Q21
We downgrade PSL with SELL rating as we expect dry bulk freight rates to drop in mid 2Q21 from a high base reported in 1Q21 while anticipating the...
528 Views
PSL: Positive Outlook for Dry Bulk Carrier Market in 2021-22E
We expect the PSL’s earnings to turn positive in 4Q20 as TC rate is recovering back to above breakeven level owing to strong demand recovery after...
561 Views
Kerry Express Thailand: Just One Day Into Public Life, KEX Suddenly Looks Expensive
After it jumped by 83% to 51.25 baht per share in its trading debut, it's suddenly much tougher to argue that KEX is attractively priced versus peers.
833 Views
Kerry Express Thailand (KEX) IPO: Approach to Valuation
What's the right valuation approach to Kerry Express (KEX), which hopes to complete its IPO in Thailand in the coming weeks?
769 Views