Equity Analysis /

TH : Siam Global House - More upbeat

    Chaiyatorn Sricharoen
    Chaiyatorn Sricharoen

    Research Analyst, CFA

    26 March 2022
    Published by

    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.