2023-08-19 05:27:42
Stock dimension – BJC by Asia Plus Securities indicated that from net profit for Q2/2023 at 1,210 million baht (-3.6% QoQ, +0.5% YoY), although sales still grew both QoQ and YoY, but profits were cheap. pressure from increased cost Both selling and administrative expenses including higher interest expenses
Therefore, net profit for 2023-24 is expected at 5.8 billion baht (+15% YoY) and 6.5 billion baht (+13% YoY), respectively, including a 2023 target price of 42.00 baht, PER 29.2x, -0.5 SD). Maintain “Outperform” recommendation on earnings to grow better in 2H23 following rising purchasing power in both Thailand and Vietnam.
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