ERW: Improved Performance QoQ in 4Q20 Earnings
ERW’s 4Q20 net loss was at Bt474m compared to net profit of Bt176m in 4Q19 and net loss of Bt514m in 3Q20. The company reported 2020 net loss of...
189 Views
ERW: Expect Continuing Loss Until 2021E
Yesterday analyst meeting came out with a neutral tone. We expect weak recovery in remaining quarters through 1H21, as tourist arrivals to Thailand...
341 Views
ERW : Recovery Phase Remain Weak
Yesterday analyst meeting came out with a negative tone. We expect weak recovery in remaining quarters through late 2021 given uncertainty about...
347 Views
ERW : 2Q20 Will Be the Bottom Quarter
We downgrade from BUY to HOLD rating and cut our target price by 39% to Bt2.63 derived from 26.7xPE’21E, which is equal to -1SD of its three-year...
217 Views
ERW : COVID-19 Significantly Impact to 2020 Earnings
ERW’s 4Q19 net profit was at Bt176m (+6%YoY, +312%QoQ). The company reported 2019 net profit of Bt446m(-17%YoY).• An increase in revenue both YoY...
424 Views