CBG: C+ LOCK Would Be a New S-Curve
Last week analyst meeting came out with a positive tone. We maintain BUY rating with a target price of Bt110 based on 33xPE’20E, close to the Thai...
226 Views
SAPPE: Excise Taxes Continues to Burden 1Q20 Earnings
We maintain our earnings forecast and BUY rating with a target price of Bt25.6 based on 17.6xPE’20E which is its three-year trading average....
445 Views
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