TWPC: Headwinds from Strengthen Baht and Raw Material Price
We downgrade our recommendation on TWPC to HOLD, from BUY, with new 2020E target price at Bt4.14, pegged to 12.7xPE’20E, which is 3-years trading...
409 Views
TWPC: Sign of Recovery from 4Q18 Earnings
TWPC 4Q18 recurring profit was Bt86m (+135%YoY, +975%QoQ). The easing in cassava supply help supporting TWPC both selling volume and profitability....
585 Views
The Week that Was in ASEAN@Smartkarma - Indonesian Telcos, The Freeport Saga, and Amata in Vietnam
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
458 Views
TWPC: It Is when to Buy Commodity-Related Stock
We maintain our BUY rating on TWPC with a new 2019E target price of Bt10.0, based on 16.5xPE’9E, which is its 3-year trading average. We reiterate...
484 Views
TWPC: Weak 3Q18 from Short-Term Circumstance
TWPC posted disappointed 3Q18 net profit of Bt5m, plunged from Bt109m in 3Q17 and Bt47m in 2Q18. The 9M18 result accounts for 20% of our full-year...
415 Views