In today’s briefing:
- DTAC : Lower Costs Will Improve Earnings in 2Q22
DTAC : Lower Costs Will Improve Earnings in 2Q22
- We maintain our HOLD rating and TP of Bt47.60 based on DTAC’s tender offer price. We believe the company will benefit from seasonal low costs despite weak sales performance.
- Expect QoQ improvement in 2Q22 net profit : We expect 2Q22 net profit to be at Bt854m (-44% YoY, +18% QoQ) as a result of seasonal low costs.
- We expect 2Q22 revenue at Bt19bn (flat YoY, -4% QoQ). Top-line performance continues to struggle YoY and QoQ due to weak economic activity.
Before it’s here, it’s on Smartkarma
