MC Group Remains a Buy on High-Yield Play, Other Tailwinds -- Market Talk

Dow Jones
2025/02/04

0256 GMT - MC Group retains its buy call from Thanachart Securities as the stock is a high-yield play, the brokerage's Phannarai Tiyapittayarut says in a research report. The stock looks inexpensive at a 10.1X 2025 price-to-earnings multiple and a 9.9% dividend yield, the analyst says. Also, the Thai company's sales from online channels are still growing, with contribution to its total sales expected to increase to 19.2% in 2027 from 10.4% in 2024. However, the manufacturer and marketer of 'Mc Jeans' is slowing store openings, which prompts the brokerage to cut its earnings estimates by 6% for 2025, 8% for 2026, and 11% for 2027. Thanachart Securities lowers its target price to THB12.00 from THB15.00. Shares closed 1% higher at THB10.00 on Monday. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 03, 2025 21:56 ET (02:56 GMT)

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