บทวิเคราะห์ (Research)

ILM reported 2Q24 net profit of 171 THBmn (+5%y-y but -18%q-q), in line with our and market expectations. Net profit increased y-y due to sales growth, while declined q-q due to the rainy season and a softening SSSG to +1% from +8.4% in 1Q24. We revised our normalized profit for 2024-25F down by -4% and -3% respectively, because of SSSG. We maintain a "Buy" recommendation, from ILM as an attractive dividend stock with a yield of 6-7%p.a and 1H24, a dividend of 0.25 THB/share