bullish

Erawan Group

ERW: High Fixed Costs Pressured 1Q21 Earnings

159 Views17 May 2021 19:15
Broker
ERW’s 1Q21 core loss was Bt492m, compared to core loss of Bt103m in 1Q20 and core loss of Bt344m in 4Q20. Given the increase of the paid-up capital, we downgrade our recommendation to SELL rating,
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