I am surprised Major Cineplex share price has been hammered heavily after its results announcement. EPS has increased from 1.22 to 1.31. Dividend for full year expected to be THB1.15per share, yield at about 4.7% now. Revenue has somehow stagnated compared to 2014 though net profit is still respectable.
Is there any other particular reason that we should be aware of that may attribute to the share price punishment or value is emerging now?
Appreciate your insight.
Hi Mun Seng,
The fall in share price probably been affected by the market sentiments and their 4Q result not hitting the forecast target. It is important to focus back to the fundamental of the business and find out whether the company is still fundamentally strong and reinvesting their capital to improve their moat.
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