RS: Ambitious Goal for 2021
We upgrade our recommendation on RS to BUY rating, from HOLD, with new 2022E target price at Bt24.00, from Bt16.70, derived from 30x PER, which is...
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RS: Entering Finance Businesses Focused on AMC
On January 18th, 2021, RS announced the board of directors’ resolutions to acquire 35% of newly issued shares of Chase Asia Co., Ltd. and its...
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RS: Toning Down Our View, Reflected Drowsy Consumption Outlook
We downgrade our recommendation on RS to SELL, from BUY, with new 2020E target price at Bt12.50, from Bt19.00, pegged to 24.7xPE’20E, which is...
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RS: Multi-Platform Commerce at Its Finest
We initiate coverage of RS with a BUY rating and a 2020E target price of Bt19.00, derived from 30.0x PE’20E, which is +1 SD of its two-year forward...
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