Equity Analysis /

TH : Siam Global House - More upbeat

    Chaiyatorn Sricharoen
    Chaiyatorn Sricharoen

    Research Analyst, CFA

    26 March 2022
    Published byCGS-CIMB

    GLOBAL’s 1Q22F net profit was likely stronger than our previous estimate thanks to robust SSSG and gross margin expansion. We see a rebound in farm income as a decent catalyst for SSSG. We reiterate our Add call with a higher TP of THB26.