Thai Life Insurance IPO Trading - One for Domestics and Cornerstones
Thai Life Insurance (TLI) raised around US$975m in its Thailand IPO. Cornerstone investors, including GIC, took up around 54% of the deal. In this...
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OR: Rising Sales and Healthy Margin in 2Q22
Yesterday analyst meeting came out in a positive tone. We maintain the HOLD rating with a target price of Bt27.0, derived from an SOTP methodology....
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OR: Positive 2022 Outlook from Revamping Oil and F&B Sales
Yesterday analyst meeting came out in a neutral tone, we expect the dip in oil marketing margin (diesel price cap) to persist till 1H22, while...
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OR: Revamping Oil Sales Volume to Drive 4Q21 Earnings
We maintain the HOLD rating with a target price of Bt27.0, derived from SOTP methodology. Our TP implies 26xPE’21E, or a 7% discount from the Asia...
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OR: Sluggish 3Q21 Earnings Outlook from Lockdown
We maintain the HOLD rating with a target price of Bt27.0, derived from SOTP methodology. Our TP implies 26xPE’21E, or a 7% discount from the Asia...
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