Earnings Report /
Thailand

TOA Paint Thailand PCL: Sales hit new high in 2Q21 but disappointing gross margin

  • Short of our estimate but in line with the consensus forecast

  • TOA reported core (net) profit of Bt544m in 2Q21

  • Impressive sales were manifested in 2Q21

Narumon Ekasamut
Narumon Ekasamut

Equity Research Analyst

Bualuang Securities
16 August 2021