bullish
SHR: Stock Price Recovered to Pre-Covid Level
We downgrade our recommendation to HOLD rating, from BUY, with new 2021E target price at Bt3.10, from Bt2.60, derived from 0.74x PBV’21E, which was its valuation at 31-Dec-19
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- SHR: Expect Rapid Recovery in 202217 Mar 2022
- SHR: Expect Earnings Turn to Profit in Late 202203 Dec 2021
- SHR: Hiccup in 2Q21 Before Recover Strongly in 2H2128 May 2021
- SHR: World Class Resorts at a Deeply Discounted Price25 Mar 2020
- M: Weakening Sales Expected09 Mar 2020
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