4. Major Cineplex (MAJOR TB)
Major Cineplex has shown a positive earnings outlook for 2H24, driven by an expected increase in moviegoer attendance and box office revenues. The target price for Major Cineplex is set at Bt20.00.
Financial Results: Positive earnings growth, supported by a recovering entertainment sector.
Stock Impact: The rise in box office revenues will continue to drive stock price upward.
Earnings Revisions/Risks: Growth is dependent on the recovery of the entertainment industry, but expectations remain strong.
Valuation: Trading at Bt15.20, with a target price of Bt20.00.
Catalysts: Strong line-up of blockbuster movies and increased consumer spending on entertainment.
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