วันพฤหัสบดีที่ 09 กันยายน 2010 เวลา 10:53:59 น. PHILLIP Securities (Thailand) PCL reports in STA as following;
STA
Fair Value : Bt28.50
Rating : Buy
Closing Price: Bt20.00 (8 September 2010)
Upbeat industry outlook set to keep strong earnings momentum going
- Thai rubber planter STA has delayed its dual primary listing of its shares in Singapore, citing global market volatility. Management however confirms STA will definitely dual-list its shares on SGX.
- We revise up our 2010 earnings view for STA by 14% to reflect better-than-expected operating results.
- Pent-up demand especially from tyre makers against the backdrop of a tight supply situation would continue to keep rubber prices at high levels.
- Upgrade STA shares to 'BUY.' Rolling over our valuation window to 10x 2011 P/E, we raise our price target for STA to Bt28.50/share.
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