The Week That Was in ASEAN@Smartkarma - Bank Rakyat, Golden Agri, and KBANK Back to MSCI
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
296 Views
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
A Review of COVID-19 Cases & The Easing of Travel Restrictions in Major Asian Countries
We discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates in major Asian countries. More countries are treating COVID...
297 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.
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