Stock dimension – CPALL Sales surge, customers from foreign tourist groups support, plus O2O channels are significant, 10% of the ratio is confirmed for the whole year, 2013, profits of 17.5 billion, hitting the highest target of 79 baht.
CPALL by DBS Vickers Securities (Thailand) stated that Q1/23 profits are expected to grow relative to yoy due to the same-store growth rate (SSSG) that remains positive continuously. There will also be positive factors in Q2/23 from the Songkran festival in April 2023 and nationwide elections in May 2023, resulting in higher purchasing power in the economy. Net profit expected in 2023 at 17,147 million baht. Recommend “buy”, targeting 72 baht/share.
“Increased sales
Receive support from foreign customers
Maybank Securities (Thailand) stated that sales trends during Q1/2023 were still positive growth of more than 10% from same-store sales (SSSG YTD) from customers, foreign tourists doubled from 22 and accounted for 50% of the period before COVID Especially personal care products with high profit margins.
“The O2O sales channel is strong.
The proportion has reached 10%.”
In addition, sales via O2O (7-delivery, All Online, ShopAt24), which accounted for 10% of 7-Eleven’s sales, continued to grow under the strength of from having branches covering all over the country The research department therefore expects profit for the year 2023 at 17,536 million baht, growing 32% from the previous year, targeting 79 baht/share.
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