Singapore Depository Receipts (SDR)

Here are the research reports our analysts have prepared on the Thai companies you can invest in through SDR.

SCC: 4QFY23 earnings back in the red on ex-item

SCC swung back to a net loss of Bt1,134mn in 4QFY23 due chiefly to a cement asset impairment charge in Myanmar.

KBANK: High-quality growth target

Management has guided for a loan growth of 3%-5% for FY24 as the bank will shift its focus to high-quality loans in selective recovering sectors and international loans.

GULF: Venturing into waste-to-energy investments

GULF has announced an investment in a firm developing waste-to-energy projects with a total capacity of 80 MW.

DELTA: Anticipated rebound in 2HFY24

DELTA saw a weakening performance in its EV-related business in 4QFY23, a trend expected to persist throughout 1HFY24.

AIS: Anticipated FY24 earnings growth, propelled by recognition of full-year revenue from TTTBB

Despite facing a q-q and y-y decline in 4QFY23 profit, ADVANC still performed well for the entire FY23.

AOT: No plan to lift FY23 passenger traffic forecast

Our ‘ACCUMULATE’ stance remains intact on AOT with a FY23 target price of Bt78.00/share as the overall outlook…

CPALL: More growth ahead

We leave our ‘BUY’ stance intact on CPALL based on its strong earnings growth trend driven by increasing foot traffic to 7-Eleven stores, new…

PTTEP: FY23 profit seen slightly lower than FY22 on lower oil prices

Even though we expect PTTEP’s FY23 profit will be slightly lower than the level achieved in FY22 on the…

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