Daily BriefsThailand

Thailand: Plan B Media and more

In today’s briefing:

  • PLANB: Solid Performance for OOH Business Throughout 2022

PLANB: Solid Performance for OOH Business Throughout 2022

By Pi Securities PCL, Thailand

  • We expect the company’s earnings to expand YoY in every quarter of 2022 which will be supported by strong recovery in a media revenue together with solid operating margin
  • Bt250m per year after the asset acquisition in 2021. •Expect the company to report net profit in 1Q22 at Bt90m (+142%YoY -41%QoQ) YoY expansion will be due to a 20% 
  • Media revenue is expected to grow 31%CAGR in 2022-23E, driven by revenue recognition of new media capacity in digital, static segments (mainly from Aqua), and, retail media in 7-eleven stores

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