TTW: Bleak 2022 Outlook and Recovery Thereafter
We downgrade the rating to HOLD from BUY and revise down the target price by 22% to Bt11.70 due to weak earnings outlook from low tap water demand...
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TTW: Expect Profit from Equity Income to Support 2022 Earnings Growth
We expect 4Q21E net profit at Bt736m (+7%YoY, -21%QoQ), dropping QoQ due to lower equity income contribution from power plant business.
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TTW: Expect 3Q21 Earnings to Be the Peak Quarter
We expect TTW to report 3Q21 net profit of Bt874m (-6%YoY, +2%QoQ) then should drop in 4Q21 due to lower contribution from CKP.
340 Views
TTW: Expect 2Q21 Earnings to Increase Driven by Equity Income of CKP
We expect TTW to report 2Q21 net profit of Bt840m (+21%YoY, +20%QoQ) driven by an increase in profit from equity income.
300 Views
TTW: 4Q20 Earnings Dropped Both YoY and QoQ
TTW’s 4Q20 net profit was at Bt690m (-26%YoY, -26%QoQ) caused by a decrease in equity income. The company reported 2020 net profit of Bt3bn (-6%%YoY).
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