WICE: Promising Earnings Growth in 2020
We came out from WICE’s analyst meeting on 20th January with positive tone given the company’s earnings recovery that expect to kick in by 1Q20...
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WICE: Cost Burden from Cross Broader Business Pressured 1Q19 Profit
The company posted 1Q19 net profit of Bt12m (-37%YoY and -32% QoQ), the lowest level in more than ten quarters. The result was substantial off from...
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WICE: Expansion Phase Still Go On
We maintain BUY rating for WICE with a new target price of Bt5.20 (previous target price: 7.50), based on 29xPE’19E, its one year average trading...
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WICE: 2019 Growth Outlook Remains Intact
We maintain a BUY rating on Wice Logistics (WICE TB) with a new target price of Bt7.50 based on 32.5xPE’19E, which is the average of Thailand peers...
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WICE: Fall in Margin and Rising in SG&A Caused YoY Earnings Drop
The company reported 1Q18 net profit at Bt18.6m (-23%YoY and +58% QoQ.). The 1Q18 result was substantially under our forecast and accounted for...
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