Daily BriefsThailand

Thailand: Major Cineplex Group and more

In today’s briefing:

  • MAJOR: Expect EBITDA to Turn Positive from 4Q21 and Onward to 2022

MAJOR: Expect EBITDA to Turn Positive from 4Q21 and Onward to 2022

By Research Group at Country Group Securities

  • We expect the company’s operating performance to improve gradually from the bottom in 3Q21as there are number of quality movies to be released after been postponed upon restricted measures induced 
  • Expect the company to report Bt47m net profit in 4Q21, seven-quarter high in terms of core business operation
  • EBITDA in 4Q21 is expected to turn positive as it driven by pent-up demand after lockdown together with impressive ticket sales from Spider-Man: No Way Home.

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