Earnings Report /
Thailand

NRF: Disappointing 2Q21 results prompt earnings downgrade

  • Short of all estimates

  • NRF reported net profit of Bt10.7m for 2Q21

  • We have cut core profit forecast by 66% in 2021 and 29% in 2022

Narumon Ekasamut
Narumon Ekasamut

Equity Research Analyst

Bualuang Securities
17 August 2021