Shows
Yim CIMBAOT prelim 3q20 -bt3bn, delay capex scheduled led higher DCF based Tp to 54 from 51SCC 2q20 preview peak profit bt10bn (+40%q) on good chemical spreads but weaken outlook.
2020-07-0809 min2020-07-0307 min2020-07-0207 min2020-07-0109 min2020-06-3008 minYim CIMBHMPRO (d/g to Reduce) pent up demand fades. OSP overnight placement at bt 37 signal weak 2q20 earnMakro (+) likely divestment from Cpall come soon.
2020-06-2906 minYim CIMBS&P500 is risk to a new phase of bear marketTechnology prefer Delta over Kce. Stronger baht is key trigger.
2020-06-2605 minYim CIMBPreview DTAC 2Q core profit -21%y -5%q with better 3qoutlook. BOT target tourist arrival -80%yTo 8mn (in line w AOT) no further downside to our already bearish views on Thai hotels.
2020-06-2504 min2020-06-2408 minYim CIMBPolitical not an issue. Bank -6.3% yday, factored in freezing dividend and weak asset quality.AIS (+): on u/g 5G users forecast by 137% from prior this year.
2020-06-2307 minYim CIMBBank (-) from freezing interim dividend given it implies additional system NPL another 8-10%.CK d/g to Sell no near term caralyst.
2020-06-2206 minYim CIMBKTC selling pressure drove by (-) potential of ceiling rate cut for consumer loansWhat next if Chinese comes to Thailand 1mn per mth in 4q20?
2020-06-1707 minYim CIMBSET remain volatile but liquidy cushion. Petro (neutral) with + IVL vs. TOP n PTTGCPlanB nearterm earning dump but improving start in 2H.
2020-06-1605 minYim CIMBCPN ( stronger than E recovery). PLANB 1Q20 results was 7% missed. AIS won court case(+)New Covid 19 cases (-) travel bubble Thailand
2020-06-1507 minYim CIMBBOT expect Thai baht 30.5-31 in Jun and weaken to 31.5 in 3q onwards.ERW target price upgrade to bt 3.20 from 2.20 remain REDUCE.
2020-06-1206 minYim CIMBAOT planned capex cut 30% provide (+) hope.Healthcare : new trend post Covid favor CHG, (-) BH on high F exposure.
2020-06-1107 minYim CIMBSet target lifted 1310. Mint outperfirmance driven by upcoming XR.NETBAY: likely set provision fir THAI.
2020-06-1006 minYim CIMBOil & Gas ( Growing upstream value), CPALL (u/g tp bt82.50), Makro ( u/g tp bt 46.50)China handset demand back to pre Covid level.
2020-06-0910 minYim CIMBSET (+) from foreign inflows. Upgraded PTT & PTTEP to ADD. Downgraded Pttgc to RefuceTelco (+) Ais but top pick at Intuch on better yield.
2020-06-0808 minYim CIMBTKN (+) new partner to drive share momentum near term. TOP cut capex reserve liquidity GRM depress❤️❤️
2020-06-0105 minYim CIMBFinance ( Neutral) : KTC seen downside risk 11% to our earning forecast but upside for MTC SAWAD🙏🙏😊
2020-05-2903 minYim CIMBDIF (+) better payout expected. JASIF d/g to Hold, shorter rentsl guarantee vsDif’sHotel d/g to UW on sluggish recovery and too optimistic share pricce rebound.
2020-05-2807 minYim CIMBSpeculative glows drive higher SET. Industrial estate (+) relication flows to VN.China R&D spending seen most in infrastructure projects, (-) Thai contractors. Hana (hold) Huawei threat its smartphone outlook. SIri good presales on expense of GM.
2020-05-2710 minYim CIMBHotel coupon to further boost speculate in shrs, take profit. Retails update post stores resumed.Petchem update with Hold fir Pttgc snd Irpc and Sell Scc. PR 9 falling top line hurt Gm.
2020-05-2608 minYim CIMBChina NPC no GDP set but job creation implies +4%Stec low GM pj to kick in 4q20. MC stores resumes sales improve cost contrl. ANAN struggling unprecedent high unsold inventory.
2020-05-2509 minYim CIMBNew security law could resurg chaos in Hong Kong. Mint new perpetual bond face higher coupon rate.CPNREIT lowered DPU. CHG remain resilient. ERW wider loss expected this yr.
2020-05-2209 minYim CIMBUs China tension (+) industrial estate. TWN semiconductor(UW). CPN figures encouraging,SET eps cut 4% this yr to nt 66 and 80% next yr.
2020-05-2107 minYim CIMBMINT ( -) post the con call. IRPC u/g to Hold. SCC integrated chem margin >usd700 :0MPC rate cut view from Dr Amornthep.
2020-05-2009 minYim CIMBMINT (-) cash call amid Covid impact & (-) pressure shead. ERW facing cash call ridk too.SHR target revised to bt1.6 on changed to 11x ev/ebitda. WHA tp d/g to bt3.2, risk reward less attrative vs Amata’s
2020-05-1909 minYim CIMBMint (-) big loss snd bigger in 2q20. Sawad in line but SM +94%q. CK deeper loss.CRC missed but ADD recommended. CBG upbeat outlook ahead. (*) resilts : Cpn Cpnreit Wha
2020-05-1811 min2020-05-1508 minYim CIMBFed warning (-) global sense. Analyst meeting messages & our takes : KCE (-) pttgc (-), top (-),OSP(-). Results (+)qh, cpf, hana & bdms.
2020-05-1408 minYim CIMBResults:: 4 beats, 2 missed and 2 in line(+): Ivl spali M Kce (-) OSP SPRC (in line) CPALL & GFPT
2020-05-1307 minYim CIMBCentel (-) omitted Dps bt 0.55/shr. Ptt & Netbay results upbeat.Msci rebal announce today.. (+) Awc Toa and Ktc. (-) Banpu.
2020-05-1208 minYim CIMBMakro in line, sg&a/sales falls first time since 1q17. CBG beat 11%. Top ang Pttgc redilts missedAmta 70 rai kand sell 1q20. Contractor (-): Red line extendion delay as contracts may b shift to PPP
2020-05-1106 minYim CIMBOil inventories likely contract first time since Feb, Stec dg to Hold, Hmpro (-), results :Iroc missed 21%, in-lined :Mtc Ais n Lpn
2020-05-0806 minYim CIMBThailand stragy note mainrain target 1230, current index present good selling opportunity,III poor preview but brighter outlook, TU core profit below us 8% but cheap valuation & shr repurchase support.
2020-05-0709 minYim CIMBCRC initiation with ADD, target px 42. Pttep core profit below us 9%. Property preview adjustedSPALI core eps cut 19%, remain Add & top pick. SPA core profit cut 75% tp revised to bt8.6, HOLD
2020-05-0511 minYim CIMBBright outlook of Xiomi(+) Hana, Scc beat us 15% chem outlook seen redilient in2Q20, previews: BJCPreview Bch ( not bad)
2020-04-3007 minYim CIMBHmpro results in line, BH in line, preview: Planb wesk results n earning cut 21% this yr.If include cancellation Tokyo olympic, another downdide of -bt0.30/shr
2020-04-2908 minYim CIMBCHN : consumption U shaved recovery, Delta profit in line but 19% ahead cons, CK key msg from concalAus n Intuch eps cut about 3.5% this yr reflect lieer lical consumption.
2020-04-2802 minYim CIMBDtac lowered rating yo Hold, tp revisedup to bt 44, CPN one of the hardest hit by Covid 19, cut eps36% this yr maintsin Buy.
2020-04-2706 minYim CIMBShould chase priced now?, CBG surprise sale to CLMV, MC struggling, kKP uncertsinty remains💝
2020-04-2406 minYim CIMB(*) earning surpruse GFPT, WHA expected good rebound after Covid-19, MINT is one good bet❤️❤️❤️
2020-04-2309 minYim CIMBRefinery update w sensitivity for GRM provided, bbl in line, KTB beat 19%, Delta concallDelta concall msg present upside risk.
2020-04-2209 min2020-04-2106 minYim CIMBKtc result in line, chemical preview: npat in black for Scc and red for Ivl & pttgc, True revisedTrue deeper liss both 1q20 and 2020. Sappe 1q20 outlook ok but weaker 2q
2020-04-2009 min2020-04-1707 minYim CIMBPreviews and d/g: BDMS, BCH but maintain Add LH on sustain high yieldKbank insignificant impact from incease Bank Maspion Indonesia
2020-04-1606 minYim CIMBERW d/g to Reduce, expect eps -0.36/shr in 2020 and -0.16 in 2021. Refinery previews: net loss allIvl (+) msg but not exciting
2020-04-1507 minYim CIMBBh mai tain Reduce tp cut to bt 93 on most (-) from Covid19 and oil px collasp.Hmpro reopened 5 malls in Ninthaburi, Saudi cut further OSP
2020-04-1406 minYim CIMBAOT(-), Banks previews w Bbl top pick, d/g Top to Reduce, Property sentivity show 24% d/s& cpf(+)Derails in email note ka
2020-04-1309 minYim CIMB9 amApr: previews & update; Tisco Tmb Kkp and PttepOpec+ meeting in the price, what is next?
2020-04-0910 minYim CIMBIndex 1230 basedon mkt eps72, maintaied. D/g Centel to reduce cut eps 43% this yr, OSP buy tp 41Mega see lesser impact from outbreak
2020-04-0808 minYim CIMBBanks (+) liwer contribution to FIDF. Contractor (-) national budget cut fir QE.Previews(+) Dtac, (-) for M, TU, Pttgc
2020-04-0710 minYim CIMB2 Apr : MTC (-) news wont hurt earnings, TKN EPS d/gMTC nearterm weak on sentiment and NPL concerns. TKN’s valuation higher than food peer, implies bt4/shr.
2020-04-0205 minYim CIMB1 Apr morning brief:(-) SCC still, WHA (+) even under stress test, STEC ds limit, u/g to BUY
2020-04-0111 min2020-03-3100 minYim CIMB31 March : Morning brief: Oil n gas update, AIS previewRefinery stock loss in 1Q20, assumptions reviewed.
2020-03-3122 min