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%).
198 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...
379 Views
The Week That Was in ASEAN@Smartkarma - Bank Rakyat's Turn, Sido Muncul, and BFI Finance Indonesia
The past week saw insights on Bank Rakyat Indonesia (BBRI IJ), Sido Muncul (SIDO IJ), BFI Finance Indonesia (BFIN IJ), Sheng Siong (SSG SP), and...
535 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)
259 Views
Industry Update - Tourism Sector - September 6, 2024
We are optimistic about the tourism sector’s earnings performance outlook for 3Q24E due to anticipated YoY growth in RevPAR, driven by high tourism...
452 Views