Earnings Report /
Thailand

Plan B Media Pcl: Beat estimates

  • The 2Q22 net profit was 19% above estimates

  • PLANB posted a net profit of Bt174m for 2Q22

  • The top-line set a record of Bt1.6bn, up 48% YoY and 35% QoQ

Napon Jaisan
Napon Jaisan

Equity Research Analyst

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Bualuang Securities
16 August 2022

PLANB expanded its businesses very fast during the COVID-19 era, so when the environment normalizes, its performance will exceed its pre-COVID era numbers. We expect the stock to outperform peers, given that earnings will recover this year and the company is clearly on a growth path for the next 2-3 years. BUY!

The 2Q22 net profit was 19% above estimates

PLANB posted a net profit of Bt174m for 2Q22, a YoY turnaround and up 66% QoQ.  PLANB’s net profit was 19% above our estimate and 25% better than the street projection.