Stock Dimension: Large Films Set to Hit Theaters in Q4

Thai-International Films of the End of the Year: 20 Movies to be Released

Phillip Securities stated that about 20 Thai films will be shown in the last quarter of the year, including four MAJOR joint venture films: Thee Yot 2, Wai Peng 2, Ko Kalok Village, and Khun Chai. Additionally, interesting Hollywood films such as Joker 2, Gladiator 2, Venom 3, Kraven the Hunter, and animated films like Lion King Mufasa, Moana 2, and Sonic 3 will also be released.

MAWR’s Profit Forecast Adjusted Upwards

PCL MAWR or Major Cineplex Group from KGI Securities adjusted the profit forecast for 2024-2025 upwards by 1-2% based on the assumption of increasing GPM and the proportion of SG&A expenses to sales and reducing total income. MAWR’s new profit in 2024F is expected to be 782 million baht.

Stock Repurchases Proceeding

MAWR is in the process of buying back shares, allocating a limit of 1,000 million baht to buy back no more than 76.80 million shares or 9.26% between 16 July 2024-16 January 2025. As of 19 September, 38.39 million shares valued at 516.81 million baht have been repurchased.

Target Price Adjusted to 17.80 Baht

The target price has been adjusted to 17.80 baht from the original 13.10 baht, and the recommendation for BIG shares has been increased.