MC : MC Outlet Expansion as a Key Driver
From MC’s outlet store site visit, we believe MC outlet store to be a key earnings driver in FY2023 (July’22-Jun’23) given its potential to...
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MC : Healthy Margin Drove FY4Q22 Profit
Maintain BUY recommendation for MC with a target price of Bt11.5 MC’s FY4Q22 (Apr-Jun 2022) net profit came in at Bt122m (+581%YoY, +11%QoQ), in...
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MC: FY2Q22 Earnings Grew Both YoY and QoQ
MC reported FY2Q22 (end Dec 21) earnings at 231m (+2%YoY, +879%QoQ) driven by the all-time high gross margin of 65.1%. •Better product mix and...
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MC: Expect Efficient Expense Management to Improve FY1Q22 Earnings
We expect MC to report FY1Q22E (end Sep 21) net profit of Bt40m (-63%YoY, +128%QoQ) due to the efficient expense management.
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MC: Expects 22%YoY Growth in FY3Q21E
We reiterate our BUY rating and roll over target price to Bt13.0 (from Bt12.0), derived from 18.5xPE’22F which is equal to global apparel peer.
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