Tellimer

TH : Thai Union Group - Decent outlook amid the third wave

1Q21 core net profit beat our/Bloomberg consensus forecasts by 28/23% on better-than-expected GPM and contribution from Red Lobster (RL). We turn more positive on TU’s earnings as RL seems to be recovering faster than previously expected. Upgrade to Add with higher TP of THB18.8.


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers