SMPC: Sales Was the Record Level but GPM Drop at Lowest Twelve Quarter
SMPC reported 1Q18 net profit of Bt117m (-4%YoY, -23%QoQ) below our expectation. The 1Q18 result accounts for 16% of our full-year...
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SNC: Better Product Mix Cause 1Q18 Bottom Line Growth
SNC had 1Q18 recurring EPS of Bt0.61 (+80%YoY, +47%QoQ). The 1Q18 result was 42% of our full-year forecast and was in line of our forecast. A...
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SMPC: 25% Sales Growth Causes a Stable 2017 Net Profit
SMPC had 4Q17 EPS of Bt0.32 (+47% YoY and +14% QoQ). The FY2017 EPS was Bt1.00 and 7% better than our forecast. SMPC reported flat earnings in...
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SMPC: Top-Three of Global LPG Cylinder Manufacturers
We initiate coverage on SMPC with a BUY rating based on a target price of Bt18.0 and derived from the PE ratio of the Asia ex-JP Materials sector,...
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