TOA : Rising Raw Material Cost Already in the Price
Maintain BUY recommendation for TOA and roll over target price to 1H23 at Bt35 (Previous TP of Bt32). Excluding extraordinary items, core profit...
351 Views
TOA: Squeeze Margin Pressured 1H22 Earnings
Yesterday analyst meeting came out with a negative tone. We expect TOA net profit in 1H22 to weaken YoY due to an increase in raw material cost in...
287 Views
TOA: Expect Earnings to Recover Slowly in 2022
We believe a high raw material cost will not be sustain given U.S. Energy Information Administration (EIA) forecasts crude oil prices to decline in...
294 Views
TOA: Recovering Demand for Decorative Paint Drive 4Q21 Earnings
Analyst meeting came out with a neutral tone. We expect 4Q21 earnings to recover QoQ but flat YoY caused by rising cost.
308 Views
TOA: Increase in Raw Material Costs Pressures 2Q21 Profit
Analyst meeting came out with a neutral tone. We expect TOA net profit in 2Q21 to weaken QoQ due to rising cost, but long-term outlook remains solid.
221 Views