SHR: Expect Rapid Recovery in 2022
We maintain BUY rating and raise TP by +25% to Bt4.50 derived from 1x PBV’22E, to reflect better outlook post-COVID crisis.
415 Views
SHR: Expect Earnings Turn to Profit in Late 2022
We believe that SHR's portfolio has an advantage from strong recovery performance in Europe and overseas as 87% of its total hotel portfolio, which...
414 Views
SHR: Hiccup in 2Q21 Before Recover Strongly in 2H21
We maintain HOLD rating with 2021E target price at Bt3.10, derived from 0.74x PBV’21E, which was its valuation at 31-Dec-19, right before the Covid...
198 Views
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...
315 Views
SHR: World Class Resorts at a Deeply Discounted Price
We initiate coverage of SHR with a BUY rating and a 2020E target price of Bt2.60, derived from 22.0x PE’21E, which is -1 SD of the 5-year trading...
570 Views