On Thursday at 10:31 AM (Bangkok time), the share price of Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) soared by 17.16% or THB 1.15 to THB 7.85, with a trading value of THB 1.13 billion.
Krungthai XSpring Securities observed that CCET achieved sales of $433.84 million in October 2024, marking a 9.4% year-on-year increase. Following the recent adjustment, the company was also included in the MSCI Global Small Cap Index.
In 3Q24, CCET disclosed a net profit of $19.88 million (approximately THB 676.03 million), reflecting a noteworthy 93.63% increase from the corresponding period the previous year. Additionally, the net profit margin saw a year-on-year uptick from 1.01% to 1.74%.
For the nine-month period ending in 2024, CCET posted a net profit of $54.91 million (approximately THB 1,953.69 million), showcasing an 89.30% surge compared to the same period last year. The net profit margin during the period experienced a year-on-year increase, rising from 0.91% to 1.83%. This growth was predominantly attributed to enhanced business management practices as compared to the preceding year.
According to Bloomberg Consensus, CCET is projected to see its full-year net profit for 2024 reach THB 2.94 billion, depicting a substantial 163.26% year-on-year rise.
