ERW : 2Q20 Will Be the Bottom Quarter
We downgrade from BUY to HOLD rating and cut our target price by 39% to Bt2.63 derived from 26.7xPE’21E, which is equal to -1SD of its three-year...
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The Week That Was in ASEAN@Smartkarma - COVID-19 Policies, Gojek, and Digital Banking
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
315 Views
The Thai Corona Crisis: Impact and Response
The number of coronavirus (or COVID-19) infections seems to have stabilized somewhat in Thailand, but the impact on the economy is severe, as the...
315 Views
The Week That Was in ASEAN@Smartkarma - Malaysian Politics, Indonesian Consumers, and Central Retail
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
308 Views
ERW : COVID-19 Significantly Impact to 2020 Earnings
ERW’s 4Q19 net profit was at Bt176m (+6%YoY, +312%QoQ). The company reported 2019 net profit of Bt446m(-17%YoY).• An increase in revenue both YoY...
310 Views