CH. Karnchang
Show me the operating profit UNDERPERFORM - Maintained Share price: Bt7.00 Target price: Bt7.00
Central Pattana
Never been better BUY (maintained) Target Price: Bt58.00 Price (24/05/12): Bt45.50
Central Plaza Hotel
Too early to turn bullish HOLD (maintained) Target Price: Bt13.40 Price (24/05/12): Bt11.90
Bangkok Life Assurance
Focus on high-margin products BUY (maintained) Target price to Bt54.00 Price (23/05/12): Bt43.75
PTT Global Chemical
Concerns on gas price adjustment is overblown BUY (maintained) Target Price: Bt82.00 Price (23/05/12): Bt55.00
PTT Exploration & Production
Outbid Shell for Cove = greater dilution effect HOLD (maintained) Target Price: Bt170.00 Price (23/05/12): Bt151.50
Sansiri Public Co
Turnaround intact OUTPERFORM - Maintained Share price: Bt2.00 Target price: Bt2.75
True Corporation
Heightened legal risks related to the Hutch deal HOLD (maintained) Target Price: Bt3.60 Price (22/05/12): Bt3.88
Thoresen Thai Agencies
Offshore service business to lead recovery HOLD (maintained) Target Price: Bt21.00 Price (22/05/12): Bt16.60
SC Asset Corporation Plc
Cheap - below its BV





