Phillip Securities expected CP Axtra Public Company Limited (SET: CPAXT) to report sales of THB 127 billion in the fourth quarter of 2024, marking a 7.1% increase quarter-on-quarter and a 4% rise year-on-year, in line with seasonal improvements.
The Gross Profit Margin (GPM) is predicted to expand by 40 basis points due to effective cost control and the introduction of Private Labels. Net profit is forecast to be THB 4.362 billion, a remarkable 123.5% increase from the previous quarter and a 32.9% increase year-on-year.
For the year, sales are projected at THB 489 billion, up 4.8%, with a net profit of THB 10.971 billion, reflecting a growth of 27%. The company anticipates realizing synergies that could enhance profit and reduce expenses by a total of THB 2.5 billion in 2025. The recommendation remains a “Buy” with a target price for 2025 set at THB 31.50.
