Market Outlook
The SET Index today is expected to move sideways up, with the resistance at 1,630/1,640 points and the support at 1,611/1,600 points. Positive...
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Number of Containers Serviced Has Not Yet Normalized
We have revised down our 2021-22E net profit forecasts for PORT. This resulted in our 2021E TP being lowered to Bt2.80 (vs. Bt3.20 previously),...
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Weak Results in 1Q21
PORT delivered weak results in 1Q21 owing to the decline in revenue and the gross profit margin amid the container shortage and pandemic. PORT...
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Recoveries in Earnings Performance and Share Price
We have raised our 2021E target price for PORT to Bt3.50 (vs. Bt3.00 previously), based on 22x PER (historical average). However, PORT's share...
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Strategic Location & One-Stop Service the Key Attractions
We initiate our coverage on PORT with a Buy call and a 2021E target price of Bt3.00 (20x PER). Our call is underpinned by projected 2021-22E...
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