【出版时间及名称】：2010年3月泰国地产行业研究报告
        【作者】：摩根大通
        【文件格式】：pdf
        【页数】：44
        【目录或简介】：
Table of Contents
Investment summary................................................................3
P/E expansion unlikely ................................................................................................3
LH is our only OW stock.............................................................................................4
Downgrade LPN to Neutral .........................................................................................5
Maintain Neutral rating on AP and QH .......................................................................6
Macro outlook: a mixed bag ....................................................8
Housing demand looks to improve ..............................................................................8
But profit margin outlook not so encouraging ...........................................................11
Moving to integrated players.................................................15
SDH to offer growth................................................................17
Earnings outlook ....................................................................19
Companies..............................................................................23
Asian Property Development .....................................................................................24
Land & Houses ..........................................................................................................25
LPN Development .....................................................................................................26
Quality Houses...........................................................................................................27