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.
Gunkul Engineering mainly produces electrical hardware used in renewable power generation. Its share price is up 25% YTD.
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.
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.
For the lowest expected return, only Ticon Industrial has seen its share price increase less than 100% YTD.
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