BEC World Likely Still Profitable Despite TV Industry's Downcycle -- Market Talk

Dow Jones
2025/06/30

0259 GMT - BEC World is likely still profitable despite the downcycle of Thailand's TV industry, Thanachart Securities' Rata Limsuthiwanpoom says in a research report. The brokerage raises its 2025-2027 earnings forecasts for the media conglomerate by 51%-110% from a very low base to reflect BEC World's business restructuring, improving events, and artist management business. It upgrades the stock's rating to buy from sell following the recent sharp share-price correction that brought the company near breakup value of THB1.90 a share. However, BEC World's longer-term TV outlook appears more bearish, says the brokerage, which lowers the target price to THB2.50 from THB2.90. Shares last closed at THB1.79. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 29, 2025 22:59 ET (02:59 GMT)

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