Earnings Report /

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
Narumon Ekasamut

Equity Research Analyst

Bualuang Securities
17 May 2021


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