SAPPE: Expect 4Q20 Earnings to Grow Slightly YoY
Yesterday analyst meeting came out with a neutral tone. We still expect 4Q20 earnings to drop QoQ from low season but still grow YoY, resulting in ...
402 Views
SAPPE: 3Q20 Earnings Back on Track to YoY Growth
SAPPE reported 3Q20 net profit of Bt133m(+30%YoY, +60%QoQ). The 9M20 result was 84% of our full-year forecast. We maintain BUY rating with new...
370 Views
SAPPE: Expect Earnings Recovery in 3Q20
SAPPE reported 2Q20 net profit of Bt83m(-39%YoY, +1%QoQ). The 1H20 result was 54% of and in-line with our full-year forecast. We maintain BUY...
379 Views
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...
266 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....
486 Views