PLANB shares closed up 13.04% at 6.50 baht, with turnover of 489.15 million baht, after DAOL Securities Thailand maintained a buy rating and a target price of 7.10 baht. It sees a strong third quarter of 2026, driven by out-of-home advertising entering the high season, rate card increases, and revenue recognition from the Asian Games. Third-quarter revenue is expected to exceed 2.73 billion baht, up 18% year-on-year and 6% quarter-on-quarter. The deal with COM7, to be considered at an extraordinary general meeting on 17 September 2026, is a key upside. If approved, the company will begin recognising profit share through the equity method and synergies, with initial benefits expected by late 2026. The company also targets boxing business revenue of 1 billion baht in 2026, up from 600 million baht in the first half, and maintains its 2026 net profit forecast of 1.258 billion baht, up 14% year-on-year.
Plan B Media PCLDAOL maintains buy rating and target price, citing strong Q3 and COM7 deal.
Com7 PCLDeal with PLANB to recognize profit share and synergies, boosting earnings.
