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Stock Dimension – MEB: Q2/2023 Performance and Expansion Plans

Stock dimension – MEB by “Bualuang Securities” revealed that Q2/2023 performance is expected to grow outstandingly. Which income will grow 10-15%, supported by “Book Week at Home” starting from 28 Mar. to 16 Apr. ’23 and a semester break that should help increase sales

New high profit for 3 years

At the same time, the number of Registered users on both platforms has continued to adjust to new highs. From the end of last year, which saw the level of Register users at 8.6-8.7 million, increased to 9.4-9.5 million in June. In June, MEB has established a subsidiary “Khring Kring Co., Ltd.” to develop Enterprise Software or Digital Content for new platforms. By seeing that the establishment of this subsidiary should be the first step to prepare for expanding the business and platform abroad as the company had aimed to see by the end of the year ’66, with the year 66-68 expected to make new highs in net profits. at 381 million baht, 450 million baht and 517 million baht, respectively, recommending “buy target 37 baht

Q2 Dominant – Offshore

Krungsri Securities Public Company Limited revealed that in Q2/2023, profits are expected to accelerate to 85-95 million baht due to the benefit of organizing a book week at home, suggesting “speculative”.

side“Mr. Rawiworn Mahasit” Chief Executive Officer revealed that the company has plans to expand the business in the current platform, including meb, which sells online literature, readAwrite for the writer-reader community, and Hytexts, which sells e-readers through various channels. The company will add literary content online. along with expanding new businesses related to current business to foreign countries to drive the work to grow steadily

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2023-07-16 15:00:31
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