TPCH: Capacity Expansion Will Accelerate 2022 Earnings
Upgrade to BUY from HOLD with a new target price of Bt13.10 (+26% from previous TP), derived from 16.7xPE’22E, -1 SD of its 3-year trading average....
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TPCH: Eroded by New Project Efficiency
We maintain HOLD rating with 2022E target price at Bt10.4, -13% from Bt12.00 previously, derived from 10.0xPE’22E. We expect TPCH earnings to...
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TPCH: Struggle from New Power Plants Start-Up
We downgrade our recommendation to HOLD rating, from BUY, with new 2022E target price at Bt12.0, derived from 10.0xPE’22E. We pegged our target...
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TPCH: Growth Safe Haven
We maintain BUY rating on TPCH with new 2021E target price at Bt13.9 (from Bt13.7), pegged to 10.0xPE’21E. In our view, TPCH is a safe haven in...
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TPCH: Solid Growth in 2020E
We maintain BUY rating on TPCH with new target price at Bt13.7(from Bt13.0), pegged to 9.0xPE’20E, from 13.0xPE’19E, reflected a slower growth...
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