ERW: Expect Continued Losses in 2022
Excluding extraordinary items, ERW’s 4Q21 normalized loss was at Bt371m, the eighth consecutive quarter loss, due to operations under EBIT breakeven.
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ERW: The Seventh Consecutive Quarter Loss in 3Q21
ERW reported 3Q21 net loss of Bt623m, the seventh consecutive quarter loss due to operation under EBIT breakeven. We maintain SELL rating with a...
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ERW: Expect to Return to Pre-COVID Levels in 2023
We maintain SELL rating with a new target price of Bt2.46 (-5% from previous target price) based on DCF method (WACC of 7% and terminal growth of...
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ERW: The Fifth Consecutive Quarterly Loss in 2Q21
ERW reported 2Q21 net loss of Bt690m, the fifth consecutive quarterly loss due to operation under EBIT breakeven. Therefore, our earnings forecast,...
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ERW: High Fixed Costs Pressured 1Q21 Earnings
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...
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