TOG: Huge Fall in Margin and Rising in SG&A Trimmed Down Earnings
1Q18 net profit was at Bt17.8m (-62%YoY and -71%QoQ). The result accounted for just 7% of our full-year forecast which remains us to review the...
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The Week that Was in ASEAN@Smartkarma - Buoyant Budgets, Hospitals, and Telcos
This week's offering across ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive and actionable insights from across...
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TOG: Huge Rise in SG&A Led to a Drop in 2017 Net Profit
4Q17 EPS was at Bt0.13 (-33%YoY and +28%QoQ). The company reports FY17 EPS of Bt0.39 (-27% YoY) and 1.8% better than our forecast. SG&A to...
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The New Year's Week that Was in ASEAN@Smartkarma - Taxes, Beer, and Optimism
This week's voluminous offering includes insights published over the Festive period and is, as always, packed with an eclectic mix of insights,...
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TOG: Thai Optical Lens Producer Eyes Niche Domination
We initiate coverage on TOG with a BUY rating based on a target price of Bt9.80 derived from 17.3xPE’18E of the World Health Care sector.The...
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