Equity Analysis /
Thailand

Khon Kaen Sugar Industry PCL: Valuation re-rating; sugar bull run on track for 2H21

  • Recent global sugar price bounce; 2021/22 sugar surplus lowered

  • Concern over Brazil’s cane and sugar output shortfall for 2021/22

  • Target price re-rating; sugar bull cycle continued through 2H21

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
10 May 2021