Wonderla Holidays Limited's (WHL's) Q1FY2021 numbers were affected due to non-operation of core assets (amusement parks in Bangalore, Kochi and Hyderabad) as COVID-19 cases soared in India. We believe amusement parks, multiplexes and restaurants would be last in the government list to be given permission to restart operations. We expect operations of entertainment platforms to restart after a significant reduction in the intensity of Coronavirus spread (likely to see gradual opening from H2FY2021). On the other hand, commencement of some international amusement parks...