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Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

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Equity Bottom-Up

<ul>
<li>ERW reported 3Q21 net loss of Bt623m, the seventh consecutive quarter loss due to operation under EBIT breakeven.</li>
<li>Partial lockdown measures caused a reduction in inter-provincial travel and resulted in an unprofitable occupancy rate.</li>
<li>The company recorded negative EBITDA of Bt243m, which was the sixth-consecutive quarter of negative EBITDA.</li>
</ul>


ERW reported 3Q21 net loss of Bt623m, the seventh consecutive quarter loss due to operation under EBIT breakeven.
Partial lockdown measures caused a reduction in inter-provincial travel and resulted in an unprofitable occupancy rate.
The company recorded negative EBITDA of Bt243m, which was the sixth-consecutive quarter of negative EBITDA.


ERW: The Seventh Consecutive Quarter Loss in 3Q21

Erawan Group

ERW: The Seventh Consecutive Quarter Loss in 3Q21