Finansia Syrus Securities stated in an analysis released on Tuesday (28 January), a “Buy” suggestion on Berli Jucker Public Company Limited (SET: BJC) at the target price of THB 31. The broker forecasted the company’s 4Q24 normal profit at THB 1.50 billion, a 70% gain from the previous quarter, and a 10% slump from the same period a year ago due to the rising tax burden, the securities company also expect a 3% hike in revenue from previous year from expanded sales in almost all product groups.
The 3% revenue boost from last year was based on a 1% same-store sales growth (SSSG), which was bolstered by products in the fresh food group, and sales growth in all formats. FSS anticipated an improving gross margin from all businesses.
Thus the securities have readjusted its BJC estimate up 4% for 2024 and 3% for 2025 to THB 5.25 billion, a 15% growth from the previous year, while SSSG year-to-date could gain around 2-3%, as it was expedited by the Easy E-receipt measure.
