Top Stories
Sector Update | Retail
We expect 2Q26 earnings for the home improvement retail segment to rise 25% yoy, driven by improving SSSG, gross margin expansion and lower interest expenses. Upgrade DOHOME to BUY with a target price of Bt4.50 (from Bt3.60). We expect DOHOME to be the only retailer to deliver positive SSSG in 3Q26. Maintain OVERWEIGHT on the home improvement retail segment. Our top pick is GLOBAL.
Top Stories
Sector Update | Retail
We expect 2Q26 earnings for the home improvement retail segment to rise 25% yoy, driven by improving SSSG, gross margin expansion and lower interest expenses. Upgrade DOHOME to BUY with a target price of Bt4.50 (from Bt3.60). We expect DOHOME to be the only retailer to deliver positive SSSG in 3Q26. Maintain OVERWEIGHT on the home improvement retail segment. Our top pick is GLOBAL.
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