Company Update: Plan B Media Plc.
Just a little stumble, we cut PLANB’s earnings in 2021-22E to reflect the lower-than-expected gross profit margin in 1H21.
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PLANB: Expect Solid Recovery Period in Mid 4Q21
We reiterate a BUY rating for PLANB with a target price of Bt7.70 derived from 45xPE’22E, its 5-year average trading range or 20% premium to Thai...
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PLANB: Expect Solid Earnings Recovery in 2H21
We anticipate the company’s media revenue in 2Q21 to hit bottom of this year due to impact from April-May partial lockdown. However, we expect OOH...
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PLANB: Maintain Positive Outlook Towards Earnings Recovery in 2021
We maintain positive outlook for PLANB’s Out-of-home media business and its earnings recovery in 2021. We forecast the company’s revenue media to...
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PLANB: V-Shape Recovery for Out-Of-Home Media Business
We maintain our BUY rating for PLANB with a target price of Bt6.60 The target price derived from 34xPE’21E, Thai consumer discretionary sector.
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