The Erawan Group - Better 4Q24E Earnings Outlook Due to Strong EBITDA Margin
Core profit for 4Q24E is expected to have grown beyond the previously estimated range due to effective cost control, resulting in a stronger-than...
278 Views
The Erawan Group - Rising D/E Concerns Given Resumed Investments in Non- Budget Hotels
We maintain an Outperform rating as the current price still offers 18% upside to the 12M fair value of Bt4.70 (based on a required return of 3.4%).
234 Views
The Erawan Group - In-Line 3Q24 Earnings
Our Outperform rating is maintained, with a positive view on the differential between the current share price and the 12M fair value of Bt4.70...
413 Views
The Erawan Group - Weak 3Q24E Earnings
We downgrade our rating to Outperform (from Buy) after revising our long-term profit growth outlook to steady (previously strong)
285 Views
The Erawan Group - In-Line 2Q24 Core Profit
We hold a neutral view on the 2Q24 core profit (excluding the extra gain from the ERWPF fund cancellation), which aligned with expectations at...
290 Views