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...
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TWPC: Another Weak Quarter but It Should Turnaround Soon
TWPC reported 1Q18 net profit of Bt47m was (-55% YoY, -14.0% QoQ). The 1H18 result was accounts for 819.5% of our full-year forecast. 2Q18 net...
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Thai Restaurants (Part 3): The Minor League Teams
When you add these fringe players to the original list of big leaguers in our previous episodes, you'll note that there's almost a dozen players in...
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TWPC: Expected Up-Cycle in 2H18
We maintain our BUY rating on TWPC with a 1H19E target price of Bt10.8, based on 15.0xPE’1H19E, which is its 3-year trading average.The...
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The Week that Was in ASEAN@Smartkarma - Discover Sing, Beauty, and the Indonesian E-Commerce Boom
This week's offering of 31 Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
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