TOA: Gradual Growth Through Total Solution Services
Yesterday analyst meeting came out with a neutral tone. We foresee a sales growth potential in construction material products. Meanwhile, we expect...
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Nippon Paint – Announced Deal Does Not Justify Share Price Run Up
Nippon Paint is up 51% YTD and 6.5% today alone. Kansai Paint is down 5.6% in that time and international peers such as Asian Paints, Kansai...
569 Views
TOA: Painting Growth in a New Colorful Market
We initiate coverage of TOA with a HOLD rating, based on a target price of Bt33 derived from a DCF methodology (WACC 7.5% and terminal growth of...
489 Views
SET50 Index Rebalance Preview - Better Early Than Late
The Stock Exchange of Thailand (SET) will announce the results of the semi-annual review of the SET50 index in December and the changes will be...
815 Views
Little Thai-Coons of 2018 (Part I): Chemistry of Wealth
When we scanned through the latest Forbes list, we found around 7 that didn't make it or were not profiled by us in the past, though we did...
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