SCCC: Cement Sets to Swing into Recovery Mode in 2022
Reiterate BUY rating with TP of Bt202 based on 14.4xPE’22E, which is close to -1SD of its 10-years mean. Our rating factors in robust outlook on...
253 Views
SCCC: Expect 3Q21 Earnings to Be Bottom Quarter
We expect its core earnings to drop to the seven quarter low in 3Q21 then should rebound in 4Q21 onwards. We maintain our BUY rating and rollover...
443 Views
SCCC: Cost Control Helped Offsetting Weak Cement Demand
We maintain BUY rating on SCCC with a new 2021E target price at Bt192.0 (from Bt139.0), derived from 15.9xPE’21E, which is currently trading of...
307 Views
SCCC: Negative Outlook Should Already Priced In
We maintain BUY rating on SCCC with new 2020E target price at Bt139.0 (from Bt229.00), derived from 14.2xPE’20E, which is current trading of Asia...
323 Views
SCCC: Dividend Play
We initiate coverage of SCCC with a BUY rating and a 2020E target price of Bt229.0, derived from 17.7x PE’20E, which is its 3-year trading average...
745 Views