Stock Returns Comparison: ADVANC vs. TRUE – 2nd Quarter 2024 Performance Trends and Forecasts

Research department Asia Plus Securities estimates ADVANC’s net profit shift in the 2nd quarter of 2024. There will be a lack of good things to push as in the 1st quarter of 2024. In the 2nd quarter of 2024, there will only be positive factors in terms of a low profit base in the 2nd quarter of 2023, causing profits.An increase from the same quarter last year.

Although there are still negative factors, including: 1. There is no measure to encourage consumption from the government. As in the 1st quarter of 2024 with easy steps E-receipt and 2.Tourists traveling into Thailand. Movement is down from the previous quarter due to seasonality, making it expected that profits will decrease from the previous quarter.

In this regard, profit in the first quarter of 2024 accounts for about 28% of the full year profit forecast. But still maintaining normal profit estimates for 2024-2025 as before at 30,000 million baht (up 4% YoY) and 34,000 million baht (up 12% YoY), respectively, andKeep target price for 2024 at 252 baht. Due to profit in the quarter 2/2024-3/2024 There is still a lack of good things that will boost profits. while there are still negative factors

Therefore, the recommendation remains the same at “Outperform”. This is because 1) in the short term there is a positive factor from profits for the 1st quarter of 2024 coming out to be better than expected and 2) the stock price is currently trading at PER in 2024 at 19.3 times, or still lower than 3 years ago, with an average profit growth of only 2%.

Bualuang Securities predicts that TRUE will report operating results in the 1st quarter of 2024, turning into a major profit. from the same quarter last year This is due to lower costs, however. Underlying profits are expected to decline from the previous quarter. Due to seasonal factors

withThe 2024 forecast increased from a primary loss of 1,700 million baht to a primary profit of 1,600 million baht, which led to an increase in the target price from 9.05 baht to 9.50 baht, maintaining the “speculative buy” recommendation.