TOA Rises 7.6% to ฿42.5, Analyst Recommends “BUY” at ฿43 as 2H Tends to Grow Higher
TOA Rises 7.6% to ฿42.5, Analyst Recommends “BUY” at ฿43 as 2H Tends to Grow Higher.
TOA Rises 7.6% to ฿42.5, Analyst Recommends “BUY” at ฿43 as 2H Tends to Grow Higher.
15 ก.ค. 2562

In the morning session on July 15, 2019, the share price of TOA Paint (Thailand) Public Company Limited (TOA) rose as much as 7.6% or ฿3.00/share, more than any full-day gain since January 2018, to ฿42.50/share before edging lower to close the morning session at ฿41.25/share with a trading value of THB 228.4 million.
TOA is at a 25% premium to the analysts’ consensus target price. The stock traded at an average 1.5% premium over the past year. Meanwhile, TOA advanced 3.9% in the past 52 weeks as the Stock Exchange of Thailand SET Index gained 5.4%.
Nomura Securities estimated TOA’s 2Q19 normal profit to have an outstanding and constant growth until at least the end of 2019 with a positive view of the business. Even though TOA’s share price is hiking, Nomura still recommends “BUY” at ฿43.00/share, calculating from TP20F to DCF (WACC 8.7%, TV growth 3.5%).
 