ERW: Operational Losses Continued to Decline in 1Q22
Analyst meeting came out with positive tone regarding 22E outlook. We maintain BUY rating with TP Bt4.20 derived from DCF valuation (WACC=7% &...
225 Views
ERW: Spike in International Tourists Will Speed up the Recovery
We upgrade to BUY rating from SELL rating and raise TP by +75% to Bt4.2 derived from DCF valuation (WACC=7% & Terminal growth= 2%) implying 10%...
417 Views
ERW: Expect Continued Losses in 2022
Excluding extraordinary items, ERW’s 4Q21 normalized loss was at Bt371m, the eighth consecutive quarter loss, due to operations under EBIT breakeven.
173 Views
ERW: The Seventh Consecutive Quarter Loss in 3Q21
ERW reported 3Q21 net loss of Bt623m, the seventh consecutive quarter loss due to operation under EBIT breakeven. We maintain SELL rating with a...
177 Views
ERW: Expect to Return to Pre-COVID Levels in 2023
We maintain SELL rating with a new target price of Bt2.46 (-5% from previous target price) based on DCF method (WACC of 7% and terminal growth of...
129 Views