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...
425 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...
656 Views
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...
503 Views
QH: 2018 Earnings Grew 10% In-Line with Our Forecast
QH has 4Q18 net profit of Bt786m (-13%YoY, -40%QoQ). The 2018 result was in-line with our expectation. 4Q18 earnings from property development...
484 Views
GOLD: Expect FY1Q19 Earnings to Be Bottom Out
GOLD reported FY1Q19 net profit of Bt459m (-26%YoY, -13%QoQ), the lowest in past six quarters. The FY1Q19 result was 21% of our full-year forecast...
289 Views