TFG: Solid Outlook, Though It Should Retreat from 3Q20 Peak
We maintain BUY rating on TFG with a new 2021E target price at Bt6.10, from Bt5.95, derived from 14.9xPE’21E, which is +1SD of its 3-years trading average of forward PE.
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
- TFG : Strong Earnings to Continue in 2H2223 Aug 2022
- TFG: Expect Earnings Upturn from 4Q21 Onwards18 Jan 2022
- TFG: Expect 4Q21 Earnings to Bottom Out25 Nov 2021
- TFG: Solid Outlook, Though It Should Retreat from 3Q20 Peak02 Dec 2020
- TFG: Weak 2Q20E but Strong Outlook in Medium to Long Term10 Jul 2020
- TFG: Opportunity Arises from Regional Meat Supply Shortage09 Nov 2019
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