bearish
DTAC: No Growth with Uncertain Prospects
We initiate coverage of DTAC with a SELL rating, based on a target price of Bt32.70, derived from a DCF valuation (WACC of 7.9%, terminal growth of 2%). Our valuation implies a 16.8xPE’22E
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
- DTAC: Merger with TRUE Will Expand Its Value23 Nov 2021
- DTAC: Expect 3Q21 Earnings to Rise Slightly QoQ11 Oct 2021
- DTAC: No Growth with Uncertain Prospects17 Sep 2021
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