SGP: Loss in 2Q19 Came Mainly from LPG Price Retreat
SGP posted net loss in 2Q19 of Bt127m, plunged from Bt766m in 2Q18 and Bt560m in 1Q19. 1H19 earnings accounted for 20% of our 2019E forecast. We...
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SGP: Ready for New Growth Cycle
We initiate coverage of SGP with a BUY rating and a 2019E target price of Bt14.00, derived from 10.9x PE’19E, which is +0.5 SD of its 3-year...
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