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Erawan Group PCL/The: Huge 1Q21 loss as expected, high leverage position post RO

Loss per our estimate and the street forecast
ERW reported core loss of Bt492m in 1Q21
Capital increase is expected to cool down gearing ratio to 2.8-2.9x end-June 2021

Narumon Ekasamut

Equity Research Analyst @ Bualuang Securities

17 May 2021

Published byBualuang Securities

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