TWPC: 1Q18 to Be the Bottom of the Year
TWPC reported 1Q18 net profit of Bt55m (-59%YoY, -62%QoQ). The result was accounted for 8% of our full-year forecast. 1Q18 recurring profit was...
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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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TWPC : Dropped Performance in 4Q17 Due to Swell SG&A
TWPC reported 4Q17 recurring EPS of Bt0.038, which was (-80%YoY and -70% QoQ). The company produced a 2017 recurring EPS of Bt0.43 (-40% YoY),...
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TWPC: Value Starch Maker Shows Decent Growth Potential
We initiate coverage on TWPC with a BUY rating and a 2018E target price of Bt12.4, based on i) business valuation at Bt11.6, derived from 15.0x...
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TWPC: Serving the Noodle Needs of Asia
Low debt levels and improving operating profit relative to its sector TWPC is involved in manufacturing and processing various...
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