NTV: 15% Sales Growth Causes Increase Bottom Line Growth

NTV: Health Provider Leads Care in Northern Metro Bangkok

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Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

Leading, full-service investment firm in Thailand

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Equity Bottom-Up

NTV had 4Q17 recurring EPS of Bt0.64 (+15%YoY, -2%QoQ). The FY2017 recurring EPS was Bt2.21 (+12%YoY) and was in line of our forecast. <ul>
<li>4Q17 net profit was Bt103m (+15%YoY) in line with our forecast.</li>
<li>Reported FY2017 net profit at 354m (+15%YoY).</li>
<li>Better product mix drove sales growth.</li>
</ul>We rate NTV as a BUY with 16% upside to our target price of Bt64.0*<a href="https://www.smartkarma.com/insights/ntv-health-provider-leads-care-in-northern-metro-bangkok" target="_blank">NTV: Health Provider Leads Care in Northern Metro Bangkok</a>*We make no changes to forecast, recommendation, and target price at the time of result…

NTV had 4Q17 recurring EPS of Bt0.64 (+15%YoY, -2%QoQ). The FY2017 recurring EPS was Bt2.21 (+12%YoY) and was in line of our forecast. 
4Q17 net profit was Bt103m (+15%YoY) in line with our forecast.
Reported FY2017 net profit at 354m (+15%YoY).
Better product mix drove sales growth.
We rate NTV as a BUY with 16% upside to our target price of Bt64.0*NTV: Health Provider Leads Care in Northern Metro Bangkok*We make no changes to forecast, recommendation, and target price at the time of result…

NTV: 4% Sales Growth Causes Increase Bottom Line Growth

Nonthavej Hospital

NTV: 4% Sales Growth Causes Increase Bottom Line Growth