ERW - 2Q25E to Be Negatively Impacted by Lower Chinese Tourist Arrivals..
Core profit has been revised downward to reflect a decline in Chinese tourist arrivals and the impact of the earthquake. 1Q25E core profit is...
165 Views
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...
175 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...
218 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%).
176 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...
330 Views