Finansia Syrus Securities Public Company Limited Specified in today’s analysis (31 Oct. ’23) Central Pattana Public Company Limited or CPN Expected 3Q23 profit at 4 billion baht, growing 11% compared to the previous quarter and growing 41% compared to the same period last year, driven by the real estate business. with only the GO! Hotel Sriracha, Chonburi being opened.
As for shopping centers, 38 locations remain the same and 17 community malls. Income has improved for every business. Traffic from shopping centers continues to increase. But what stands out is real estate. From the transfer of projects in Ayutthaya, Hat Yai, Phuket, it is expected that revenue from Residential will grow 88% compared to the previous quarter and grow 207% compared to the same period last year, adjusting profits for 2023-2025 by 16%/12%/13% to grow 39%. %/6%/5% respectively, target price 82 baht, still recommend “Buy
2023-10-31 05:59:21
#CPN #expects #3Q23 #profits #reach #billion #growing #real #estate #business #supporting #prominently
