CBG: Valuation Running Ahead of Fundamentals
We initiate coverage of CBG with a HOLD rating, based on a target price of Bt89, which is derived from 33xPE’20E, close to the average of the...
919 Views
SAPPE: Growth Drivers Coming from New Products in 2H19
We maintain our earnings forecast and BUY rating with a target price of Bt24.7 based on 18.8xPE’19E which is world consumer staples sector. We have...
497 Views
SAPPE: New Strategic Partner Drive 2019 Earning Growth
We cut our target price by 22% to Bt24.7 to factor in disappointing 2018 result. However, we maintain our BUY rating on the back of positive...
430 Views
SAPPE: Domestic Functional Drink Market Reached Saturation Point
We cut our target price by 11% to Bt28.8 to factor in disappointing 1H18 result. However, we maintain our BUY rating on the back of positive...
374 Views
SAPPE: Innovative Beverage Products
We initiate coverage on SAPPE with a BUY rating, based on a target price of Bt32.4 and derived from a 18.1xPE’1H19, which is equivalent to the...
517 Views