Stock dimension – MAJOR Broke predicts that in 2024 a famous movie will be released. Actively supporting a large budget Broker recommends buying Give a target price of 17.50 baht
MAJOR or Major Cineplex Group Public Company Limited by Bualuang Securities stated that Q4/66 has a net profit of 334 million baht, main profit will be 291 million baht, growing 272% YoY and growing 212%. QoQ is as we and the market expected. The growth came from increased revenue from movie tickets, beverages and advertising from blockbusters such as The Undertaker and Thee Yod.
Famous movie released
For the Q1/2024 trend, profits are expected to increase YoY from big movies like Dune, Godzilla, and Pee Nak 4, but will decrease QoQ according to the season. We still recommend speculating. Looking at this year, there should be more Thai movies coming in from good momentum.
Broker up advice “Buy” hits target at 17.50 baht
Krungsri Securities has adjusted its recommendation from Hold to Buy. The stock price has not moved much in the past several months. Although Q4/2023 budget will grow outstandingly because profits are likely to decrease significantly in Q1/67 due to seasonal factors. But it is expected that Q2/67 It is expected that profits will grow strongly. Because there will be a great movie program being shown. Maintain profit forecast for 2024 at 575 million baht, growth of 2%, and maintain target price of 17.50 baht.
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2024-02-26 12:53:23
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