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Thailand Still a ‘Buy’ in Asia

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Watch the video with Andrew Stotz or read Watching the Street: Thailand below.

Consensus Recommendations: Thailand

Analysts have had positive recommendations on Thailand for 5 years now, and it’s currently a “buy” in Asia.

Learn more: How to Benefit from Our Watching the Street Charts

Gunkul Engineering mainly produces electrical hardware used in renewable power generation. Its share price is up 25% YTD.

Analysts have had positive recommendations on #Thailand for 5 years now

TICON Industrial focuses on industrial real estate. Analysts seem to think the stock is overvalued after almost a 40% share price gain this year.

Consensus Earnings Estimates: Thailand

Current consensus EPS growth estimates are the lowest in 5 years and unchanged since August 2016.

There remains, however, strong EPS growth expectations for companies with exposure to coal and natural gas, such as: Banpu, Ratchaburi Electricity and Electricity Generating.

Current consensus EPS growth estimates for #Thailand are the lowest in 5 years

True Corporation is expected to make a loss in 2016, following the expensive 4G auctions held in Thailand late last year.

Consensus Target Prices: Thailand

Analysts have become more bullish recently. The 12-month forward is now at 10% versus 3% in August 2016, and the SET Index is only at a slightly lower level.

The high consensus target price expected return for Thaicom is partly explained by weak price performance. Its current upside is at 44% vs 61% in back in August due to target price downgrades.

Analysts' target prices have become more bullish in #Thailand

For the lowest expected return, only Ticon Industrial has seen its share price increase less than 100% YTD.

 

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DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.

Posted in Thailand, Watching the Street