Stock Analyis: TQM Corporation

Investors hope that the COVID-19 outbreak will increase the need for insurance. With expanding network through an online platform and acquisition of distributors, TQM is well placed to capitalize on this trend.

This is all well said and well-priced as TQM’s share price rose 17 per cent, 30 per cent and 30 per cent in the months of April, May and June, respectively.

Its second-quarter profit of 162 million baht, up 33 per cent YoY, takes profit in six months of 2020 to 342 million baht, up 50 per cent YoY. The second-quarter profit is less than 180 million baht than what it earned in the first quarter this year.

TQM may blame network disruption because of the soft lockdowns in April and early May.

Analysts are forecasting a 2020 profit of 650 million baht which TQM may surpass, yet a 42x PER for an insurance products distributor is expensive. This is the time to take profit.

Stock Price Info

Stock Fundamental

Peer Comparison

Stock Price Chart

Advertisement -

COVID-19

Eight new Covid-19 cases found in state quarantine

Thailand’s government said on Thursday that it had discovered eight cases of coronavirus in the last 24...
Advertisement -
Advertisement -

Latest article

[Update-1] Lazada blames third party for data leak; leak affects Shopee and Line as well, Lazada says

Following reports that Alibaba-owned e-commerce giants Lazada had suffered a data hack, the company said on Saturday that the leak was from...

Farmers in Northern Thailand protest against government

Around 200 farmers and ethnic groups from various districts in Chiang Mai and its neighboring provinces, on behalf of the Federation of...

Some vocational school groups pull out of anti-government rallies because of lese majeste content

The majority of vocational student groups will continue to volunteer as guards for pro-democracy rallies, their representative said on Friday, but two...

Central bank takes step to manage strengthening baht

The Bank of Thailand (BoT) announced on Friday policies to manage the strengthening baht, both on a short-term and long-term basis.

Opinion: Dear Khun Prayut, only one side is provoking violence

Yesterday, Prime Minister Prayut Chan-ocha released a statement saying that he would use all legal means at his disposal because the government's...

Foreign Affairs: Coup attempt underway in former British colony to keep President Trump in power

A coup attempt is seemingly underway in the former British colony of the United States of America after a disputed election and...