TASCO: Asphalt Demand Remains Healthy in 2H20
Analyst meeting on August 11th came out with a positive tone for asphalt market in 2H20, driven by recovered demand and tight supply. However, we...
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TASCO: Healthy Demand from Domestic Projects
Analyst meeting held yesterday came out with a positive tone for the remaining quarters. We foresee a healthy asphalt demand from May 2020E...
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Back to Normal Operation from 2Q20E Onwards
Analyst meeting held yesterday came out with a positive tone for the remaining quarters. We expect both sales volume and margin to improve from...
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TASCO: Expects Sales Recovery in 2Q20E
We maintain our ‘BUY’ rating but cut our target price down by 23% to Bt21.0, based on 12.8xPE’20 which is equal to the Asia-ex Japan materials...
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TASCO: Surfing the Spread Uptrend in 2020
We initiate coverage of TASCO with a BUY rating and a 2020E target price of Bt27, derived from 12.8xPE’20E, which is in line with valuations of the...
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