Earnings Report /
Thailand

TOA Paint Thailand PCL: 3Q21 profit short of all estimates but reaffirmed as nadir quarter

  • Short of our estimate and the consensus forecast

  • TOA reported core profit of Bt275m in 3Q21

  • We have cut core profit forecast by 22% to Bt1.85bn in 2021

Narumon Ekasamut
Narumon Ekasamut

Equity Research Analyst

Bualuang Securities
15 November 2021