Earnings Report /
Thailand

BEC World: Core profit a miss

  • 3Q22 core profit was 9% below estimate

  • BEC posted NPAT of Bt111m for 3Q22

  • The top-line rose 2% YoY but declined 3% QoQ

Napon Jaisan
Napon Jaisan

Equity Research Analyst

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Bualuang Securities
14 November 2022

In this environment, media stocks should be under pressure as the market still weighs towards more cautious ad spending. Almost all TV operators are staying in a defensive mode. It’s best to await clear signs of ad spending recovery.