HILITE: YGG jumps 5.26% after Q2/21, profit rebounds strongly, management is confident that the year’s growth is on target

YGG shares rose 5.26% to 20.00 baht, up 1.00 baht, trading value 28.81 million baht at 10.20, with the market open at 19.30 baht, the highest price rose at 20.40 baht and the lowest price dropped at 19.20 baht.

ASL Securities indicated in its analysis to recommend “accumulate” shares. Yggdrasil Group Public Company Limited (YGG) reported 2Q21 net profit of 31.0 million baht, an increase of 797.1%YoY due to an increase in revenue in all business segments. The company had revenue of 84.3 million baht, an increase of 71.1%YoY.

The company is confident that this year will be able to grow to the target of 20% in the second half of the year. The company continues to assess revenue to continue to grow in all business segments. Due to the current market demand for graphic advertisements at a high level. In the field of animation films, there is an opportunity to sign contracts and accept new jobs. Including the gaming industry is still in an uptrend, and Home Sweet Home has gained the attention of players around the world. especially the players in Thailand, China and America.