บทวิเคราะห์ (Research)

1Q25 net profit is estimated at B1.1bn, falling 32%qoq but jumping 160%yoy. 1Q24 net extraordinary loss was B576m, mainly from tax expense. 1Q25 normalized profit is projected at B1.1bn, falling 25%qoq (4Q24 was a high season) but growing 11%yoy. Compared with 1Q24 (yoy), sales are expected to stay flat, while gross margin is projected to increase