2023-10-23 15:00:17
Stock Dimension – PLANB Realized Asian Games profits of 20 million baht in Q3/23. Supporting profit growth, expected Q4Continuously soaring as the high season enters
PLANB by Dao Securities (Thailand) stated that it raised the target price to 11 baht, expanding well from the expansion of the budget after the government was completed. Because it is expected that profits in the second half of the year will enter the high season for OOH media. Expected net profit this year at 909 million baht, growing 29%.
Asian Games book profit 20 million baht
TISCO Securities, the second half of the year will grow more than the first half of the year. Result of recognition of increased Engagement Marketing income from boxing sports and the Asian Games during Q3/2023, another 200 million baht. It is expected that the media usage rate for the whole year will return to the pre-COVID level. From Luxury Brands products, they continue to market. Tourism revives Margin rate increases with income, still recommends BUY with a target of 10.7 baht.
The broker raises the target price to 11 baht.
Krungsri Securities expects profits to increase every quarter in the second half of this year, with Q3/66 expected to have a profit of 250 million baht, growing 10% QoQ, receiving a positive record of profit of 20 million baht from the Asian Games and Q4/66. It is expected to continue growing even though there will be no more income from the Asian Games. Because entering the high season, it is expected that there will be a profit of 267 million baht, growing 6% QoQ. Still projecting this year’s profit at 876 million baht, growing 25.8%. Recommend to buy, target at 10.20 baht.
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