Srinanaporn Marketing - 4Q24E and 2024E Earnings Expected to Have Increased Slightly
4Q24E and 2024E earnings are expected to have grown by only 4% and 3% YoY, respectively, driven by higher domestic sales and improved margins,...
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Special Report: Stock Valuation - January 2, 2025
The expansionary fiscal policy of the incoming US president is expected to keep US bond yields high for an extended duration, posing risk of de...
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Agribusiness and Food Sector - DECEMBER 9, 2024
The 4Q24E earnings of the agribusiness and food sector are expected to recover YoY but decline QoQ, particularly for major livestock companies
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Srinanaporn Marketing - Flat 3Q24 Earnings with Higher GPM but Lower International Sales
We maintain a Buy call, with a fair value estimate of Bt15.19, using the earnings yield method based on a required return of 5%.
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Srinanaporn Marketing - 3Q24E Growth of 5% YoY
We have revised down our earnings estimates for 2024-26E by an average of 8% per year, following a reduction in the sales forecasts by 10% per year.
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