bearish
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 2%), implying 35.5xPE’23 due to less possibility
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- ERW: Spike in International Tourists Will Speed up the Recovery06 May 2022
- ERW: Expect Continued Losses in 202224 Feb 2022
- ERW: The Seventh Consecutive Quarter Loss in 3Q2116 Nov 2021
- ERW: Expect to Return to Pre-COVID Levels in 202324 Aug 2021
- ERW: The Fifth Consecutive Quarterly Loss in 2Q2117 Aug 2021
- ERW: High Fixed Costs Pressured 1Q21 Earnings17 May 2021
- ERW: Improved Performance QoQ in 4Q20 Earnings01 Mar 2021
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