STI: Acquisition Pays off Immediately, Still Further Upside
We maintain a BUY recommendation on STI based on a target of Bt9.95, implying an upside of 22%. We derive our target price from a DCF valuation...
344 Views
The Week That Was in ASEAN@Smartkarma - Indonesian Property Boon, Philippine NPLs, and Drugs
The week that was inĀ ASEAN@SmartkarmaĀ is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
326 Views
ECM Weekly (21 February 2021) - Tencent Lock-Up Expiry, SciClone Pharma, Joinn Lab, Bairong, Betta
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
766 Views
Thai Beverage (THBEV SP) - More Clarity With Beer
Thai Beverage released some better than expected results last week and we see the spin-off of the beer business as a positive catalyst, despite a...
414 Views
ThaiBev BeerCo Pre-IPO - Thoughts on BeerCo and ThaiBev HoldCo Valuation
Thai Beverage (THBEV SP) announced that it received a no-objection letter for the proposed spinoff of BeerCo. In this note, we will look at the...
881 Views