ORI: Adding Source of Recurring Income from Hospitality Projects
Neutral tone on ORI after site visit at Staybridge Suites. We maintain our BUY rating with a target price of Bt10.2 based on 6.2xPE’20E, which...
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S: Better Outlook on Its 2H19 Performance
Site visit at The ESSE at Singha Complex and The ESSE Sukhumvit 36 came out with a positive tone. We maintain BUY rating on S with a 2019 target...
503 Views
ORI: Laggard Play with a Strong Position in the EEC
We initiate coverage of ORI with a BUY rating, based on a target price of Bt10.2 and derived from 7xPE’19E, which represents a 20% discount to the...
614 Views
QH: Strong 1Q19 Equity Income Drove YoY Growth
QH reports 1Q19 net profit of Bt870m (+3%YoY, +11%QoQ), slightly lower than our expectation. YoY growth in earnings was caused by growth equity...
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S: Outshines Thai Property Peers on High Recurring Profit
We initiate coverage of S with a BUY rating, based on a target price of Bt4.2 derived from a sum-of-the-parts (SOTP) methodology and implying...
709 Views