Refine by region/country
Latest in Industrials

Thailand: Utilities - SPPs still smile, despite expected power price cut

The ERC will cut power price, but …. …we have upgraded our 2023 projections for SPPs. Sensitivity analysis.
Bualuang Securities Kijapat
Kijapat Wongmetta @ Bualuang Securities 23 March 2023

Thailand: Tourism - Staying bullish on the sector

Expecting higher tourist influx in 2Q23. Looking at stronger performance in 2Q23. Our tourism preferences remain AOT, CENTEL, MINT, ERW, and AWC.
Bualuang Securities Kalvalee
Kalvalee Thongsomaung @ Bualuang Securities 20 March 2023

Sri Lanka: Equity Strategy - Deep Value Unveiled As Hyperinflation Subsides

As hyperinflationary dynamics subside, the residual effect has unveiled a large dislocation in valuations. The risk premium attached to overall market valuations to diminish with a potential IMF agreement imminent. With the expansion in bottom line t...
Asia Securities Naveed
Naveed Majeed @ Asia Securities 14 March 2023

Pakistan Autos: Feb’23 - Prolonged raw material shortage further reduces volumes

Auto industry sales continued to remain under pressure and further declined by massive 45% MoM and 44% YoY. PSMC has posted the lowest volumetric sales since April 2020. The company only sold 978 units in Feb’23. Auto Sector is likely to continue fac...
Intermarket Securities IMS Research
IMS Research Team @ Intermarket Securities 13 March 2023

Saudi Cement Monthly | March 2023 | Low domestic demand mitigated by exports

Saudi cement sector’s total sales volume decreased by 0.5% mom (-1.3% yoy) to 4.90mn tons in February 2023. Local cement sales decreased by 1.6% mom (+1.4% yoy) to 4.22mn tons. Out of the 17 companies, 7 showed a mom increase.
SNB Capital Talha
Talha Nazr @ SNB Capital 13 March 2023

Thailand: Electronics - Inventory corrections in 1H23!

DELTA led 4Q22 profit growth. 1Q23 demand checks. Cloudy 1Q23 outlook.
Bualuang Securities Napon
Napon Jaisan @ Bualuang Securities 13 March 2023