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  • FSMART บล.บัวหลวง ปรับเป้าหมายลง เป็น 12 บาท

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    Adam
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    Target Price for FSMART corporate evaluation from Bualuang Securities, Thailand.

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    FSMART บล.บัวหลวง ปรับเป้าหมายลง เป็น 12 บาท

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    Target Price for FSMART corporate evaluation from Bualuang Securities, Thailand.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
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    13 views2 pages

    FSMART บล.บัวหลวง ปรับเป้าหมายลง เป็น 12 บาท

    Uploaded by

    Adam
    Target Price for FSMART corporate evaluation from Bualuang Securities, Thailand.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    .

    : FSMART 12




    1)
    (ARPU)
    2)


    33% 3) (CAPEX)

    2016-17 6%

    ( earnings warning ) 12
    P/E 25 ( PEG 0.8
    ) de-rate P/E PEG




    ARPU

    / (ARPU) 23,000 /

    FSMART

    / 33%

    0.04% ( 0.03%)
    CAPEX cycle
    cash cow 2-3
    CAPEX





    10% (

    29,000 /) RO



    2016-17 6% 359 471
    ARPU 9.7% (
    2015 10%) 0.04%
    ( 0.03%)
    downside ARPU
    ,

    /
    Wikij.tir@bualuang.co.th
    +662 618 1336


    Thanat.poj@bualuang.co.th
    +662 618 1333

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