The Erawan Group - Upbeat 4Q24 Earnings Due to Good GPM
We remain positive on the fundamentals, as the market price implies a significant upside of 47% to the fair value. However, our tactical outlook...
169 Views
The Erawan Group - Better 4Q24E Earnings Outlook Due to Strong EBITDA Margin
Core profit for 4Q24E is expected to have grown beyond the previously estimated range due to effective cost control, resulting in a stronger-than...
216 Views
The Erawan Group - Rising D/E Concerns Given Resumed Investments in Non- Budget Hotels
We maintain an Outperform rating as the current price still offers 18% upside to the 12M fair value of Bt4.70 (based on a required return of 3.4%).
165 Views
The Erawan Group - In-Line 3Q24 Earnings
Our Outperform rating is maintained, with a positive view on the differential between the current share price and the 12M fair value of Bt4.70...
312 Views
The Erawan Group - Weak 3Q24E Earnings
We downgrade our rating to Outperform (from Buy) after revising our long-term profit growth outlook to steady (previously strong)
204 Views