bullish
TPCH: Struggle from New Power Plants Start-Up
We downgrade our recommendation to HOLD rating, from BUY, with new 2022E target price at Bt12.0, derived from 10.0xPE’22E. We pegged our target price to 2022E EPS, as it would reflect TPCH normal
SUMMARY
(Sign Up to Access)Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 3-minute read)
Discussions
(Paid Plans Only)
Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
- TPCH: Capacity Expansion Will Accelerate 2022 Earnings19 Nov 2021
- TPCH: Eroded by New Project Efficiency16 Aug 2021
- TPCH: Struggle from New Power Plants Start-Up22 Feb 2021
- TPCH: Growth Safe Haven16 Apr 2020
- TPCH: Solid Growth in 2020E23 Aug 2019
- TPCH: Promising Growth at an Attractive Valuation29 Jan 2019
x