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Dimension Stock – AU: Q4 Profits Surge and Branch Expansion Plan

Dimension Stock – AU From SBI Thai Online Securities, it is noted that Q4/2023 profits are also expected to continue growing. Reopen the same 2 branches (Bang Khae and Bang Kapi) that were closed for renovation and plan to open 2 new branches in tourist provinces with high purchasing power, releasing new seasonal products that have a positive impact on the profit. Growth rate the company’s initial , same-store sales growth (SSSG) Average 2024 consensus target of 13.25 baht per share.

“Q4 reaches peak season, profits up 22%”

TISCO Securities said Q4 is the peak season for the business. Ready to increase profit estimates for 2024 by 22% to 189 million baht, growing by 59%, estimating the new appropriate value at 14 baht from the previous 13 baht/share.

“Broker sets target at 13.50 baht. Revenue grows from branch expansion.”

While Krungsri Patanasin Securities recommends “Buy” with a target of 13.50 baht / share, expecting 2024 income of 1.44 billion baht, growing 16% from last year plans to expand After You branches this year, about 10 branches, is expected to Luggaw branch expansion • An increase of 10-20 branches, while GPM is expected in 2024 to continue to recover after recovering income.

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