Tellimer

TH : S Hotels and Resorts - Tough quarters ahead

We believe rising Covid-19 cases in Thailand and India will put pressure on SHR’s operations in 2Q-3Q21F. We expect SHR to remain loss-making in 2Q21F due to higher loss contribution from UK and weaker operations in both Thailand and Maldives. We downgrade SHR from Add to Hold with a lower TP of THB3.20.


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers