MR. D.I.Y. Holding (Thailand) Public Company Limited
MRDIYT.BKTHB
8.40+0.2%1Y · THB
MR. D.I.Y. Holding (Thailand) Public Company Limited is a home improvement and lifestyle retailer in Thailand, operating with its subsidiaries. It offers hardware such as plumbing, power and hand tools, paints and adhesives, locks and safety equipment, and gardening tools, along with household items including housekeeping and kitchenware, bathroom accessories, and storage products. The company also sells electronics such as lighting, cables, plugs, adapters, electrical accessories, and home appliances, as well as furnishings, apparel, office supplies, stationery, sports accessories, car interior and car care products, gifts, seasonal items, toys, educational materials, arts and crafts, computer and phone accessories, jewelry, and cosmetics. Products are sold through stores and online under the MR. D.I.Y. brand, and the company imports and exports its products. Founded in 2016, it is headquartered in Bang Phli, Thailand.
Why is MR. D.I.Y. Holding (Thailand) Public Company Limited (MRDIYT.BK) moving?
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MRDIYT: store expansion drives profit growth, analysts raise targets
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Q2 profit jumps 19.4%, dividend declared MRDIYT reported Q2 2026 net profit up 19.4% to 757 million baht, revenue up 18%, and gross margin at 52%. It opened 59 new stores, bringing total to 1,248, and declared an interim dividend of 0.065 baht per share. This confirms strong execution and supports the stock price.
This is the actual earnings result that validates the growth story and directly boosts investor confidence.
Analysts raise target prices on strong Q3 outlook KGI expects Q3 profit of 660 million baht (+9% YoY) and raised its target to 11 baht, while FSS upgraded to Buy with a 10.40 baht target, expecting Q4 profit to accelerate 20% on price increases. These upgrades reflect confidence in continued growth.
Analyst upgrades and higher targets directly influence investor sentiment and can push the stock price up.
Store expansion on track, 210 new stores targeted MRDIYT targets 210 new stores in 2026, with 60% already opened in H1. KGI notes 171 stores opened year-to-date and expects 50 more in Q3, driving sales up 19% YoY. This aggressive expansion fuels profit growth.
Store openings are the main growth engine and directly drive revenue and profit, supporting the stock price.
Flood impact: short-term pressure, recovery upside Flooding in central and northeastern Thailand may hurt near-term sales for MRDIYT, but post-flood renovation demand could boost Q4. Analysts see limited earnings impact and potential recovery-phase gains.
This is a new risk factor that could pressure the stock short-term but offers upside later, so it's a balanced view.
KGI expects MRDIYT 3Q69F profit to reach 660 million baht, 50 new stores opened, target price 11 baht
KGI Securities (Thailand) said in an analysis that it expects MRDIYT's net profit in 3Q69F to come in at 660 million baht, up 9% YoY but down 13% QoQ, bringing net profit for the 9M69F period to 2.1 billion baht, up 18% YoY, or 69% of the full-year profit forecast. The YoY profit increase came from continued store expansion and lower financial costs, partly offset by a lower gross margin. The QoQ decline reflects seasonal factors. The company is expected to open another 50 new stores in 3Q69F, bringing the total number of stores to 1,298, or an increase of 171 stores since the start of the year, against a full-year target of 210 new stores. Same-store sales growth is expected to be positive at 0.5%, so 3Q69F sales are forecast at 5.9 billion baht, up 19% YoY and 1% QoQ, putting 9M69F sales at 17.1 billion baht, up 19% YoY, or 72% of the full-year sales forecast. The gross margin is expected to be 51.1% in 3Q69F, down 1.3 percentage points YoY and 0.9 percentage points QoQ, due to promotional campaigns and clearance sales, bringing the 9M69F gross margin to 51.7%, down 0.2 percentage points YoY, still within the company's target range of 51-52%. The analyst maintains a year-end 2570F target price of 11.00 baht, based on a PER of 19.0x, raised from 10.30 baht, and keeps a buy recommendation. The company is expected to maintain its plan to open 200 new stores in 2570F, which will support future growth.
MRDIYT.BK · Capital · Positive KGI expects 3Q69F net profit of 660 million baht (+9% YoY) and raises its target price to 11.00 baht with a buy rating.
MRDIYT.BK · Demand · Positive Continued store expansion (50 new stores in 3Q69F, 171 YTD) and positive 0.5% same-store sales growth drive forecast sales up 19% YoY.
CGSI recommends overweighting Thai retail stocks, picks BJC and CPALL as top picks
The research team at CGS International Securities (Thailand), or CGSI, continues to recommend overweighting the Thai retail sector, selecting BJC and CPALL as top picks, based on tracking of same-store sales growth, or SSSG, which still supports accumulating BJC and DOHOME shares because sales are signalling a continued recovery. It recommends gradually accumulating CPALL shares before 7-Eleven's SSSG clearly recovers from late November, a period when consumers will likely have used up almost all of their Thai Chai Thai Plus scheme entitlements. As for MOSHI, it is seen as likely to be affected only temporarily by the flooding in late September, and the team recommends using the share price pullback to accumulate the stock. The research team estimates BigC will post SSSG of +2.5% in September 2026, bringing SSSG to +0.2% in the third quarter of 2026. MMVN is expected to post September SSSG of +7.0% in Vietnamese dong terms and +12.2% in baht terms, resulting in third-quarter 2026 SSSG of +9.7% and +13.0% respectively. Meanwhile, 7-Eleven stores are expected to post September SSSG of +1.5%, and although the late-September flooding forced more than 100 branches to close, the overall impact on the network of more than 16,000 branches is limited. MRDIYT is expected to see SSSG slow from +1.0% in July to +0.5% in August and +0.3% in September, bringing SSSG to +0.6% in the third quarter of 2026. MOSHI is estimated to post SSSG of +0.1% in September, down from the +3-4% estimated in the first half of the month, bringing SSSG to +3.9% in the third quarter of 2026. September SSSG for the wholesale business is expected at -17.0%, while the retail business should still post high SSSG of about +2.5%, compared with +2.2% in August. For DOHOME, SSSG is expected at +4.2% in September, led by growth in back-office sales of +9.0%, bringing SSSG to +5.5% in the third quarter of 2026. GLOBAL is expected to post SSSG of -5.0% in September and -5.2% in the third quarter of 2026. For HMPRO, areas affected by flooding account for roughly 50-60% of HomePro store sales, causing SSSG at HomePro and MegaHome stores to fall to -2% and +1% in September, resulting in SSSG of -3.0% and -0.4% in the third quarter of 2026 respectively. The team views the weaker sales as stemming from customers postponing purchases, and believes this will help support a recovery in HMPRO sales in the fourth quarter of 2026.
BJC.BK · Capital · Positive CGSI recommends overweighting Thai retail and picks BJC as a top pick, citing SSSG recovery supporting accumulation.
CPALL.BK · Capital · Positive CGSI names CPALL a top pick and recommends accumulating before 7-Eleven SSSG recovers from late November.
MegaHome · Demand · Negative CGSI expects MegaHome's SSSG to slow from +1.0% in July to +0.5% in August and +0.3% in September, with Q3 SSSG of just +0.6%.
MM Vietnam · Demand · Positive MMVN is expected to post strong September SSSG of +7.0% in dong terms and +12.2% in baht terms, driving Q3 SSSG of +9.7% and +13.0%.
DOHOME.BK · Capital · Positive CGSI recommends accumulating DOHOME shares on continued SSSG recovery, with September SSSG expected at +4.2%.
MOSHI.BK · Capital · Positive CGSI says MOSHI is only temporarily hit by late-September flooding and recommends buying the pullback.
Thailand's September 2026 Inflation Comes in Below Expectations, Boosting Domestic Sector Stocks
The Ministry of Commerce reported that the headline consumer price index for September 2026 rose 2.82% year on year, accelerating from 2.53% in August but below the market expectation of 3.10%. Core CPI rose 1.50%, below the market forecast of 1.56% but accelerating from 1.44% in August. The research team at Phillip Securities assessed that the headline CPI trend in the fourth quarter of 2026 will remain continuously positive, supported by domestic retail fuel prices holding higher than a year earlier, gradually rising prepared food prices, higher travel expenses, and fresh food prices that are sensitive to weather and trending upward. The research team views this data as positive sentiment for the SET Index, especially for domestic sector stocks, given less-than-expected pressure on consumers' cost of living and business costs. It also noted that core CPI growing close to the previous month and in line with market expectations is a signal that consumer purchasing power has not entered a recession, with additional support from the two-month extension of the Thai Chai Thai Plus program. Strategist picks include BJC, CBG, COM7, CPN, CRC, HMPRO, ICHI, ILM, MRDIY, and SINGER.
BJC.BK · Monetary · Positive Named among strategist picks benefiting from below-expectation September CPI easing consumer cost-of-living and business cost pressure.
CBG.BK · Monetary · Positive Listed as a strategist pick to gain from softer-than-expected inflation supporting domestic consumption and purchasing power.
COM7.BK · Monetary · Positive Included in strategist picks as a domestic-sector beneficiary of below-forecast CPI and resilient consumer purchasing power.
CPN.BK · Monetary · Positive Named among strategist picks, seen as positive for domestic sector stocks given less-than-expected consumer cost pressure.
CRC.BK · Monetary · Positive Listed as a strategist pick benefiting from the below-expectation inflation reading and continued consumer purchasing power.
HMPRO.BK · Monetary · Positive Named as a strategist pick benefiting from below-expectation September CPI easing consumer cost-of-living pressure on domestic sector stocks.
Stocks to Watch Today: THAI Appoints New CEO After Flood Crisis
The Thai Airways board has ordered the removal of Chai Eamsiri from the CEO position and appointed Samrit to take over, after the flood crisis damaged its reputation and operations. The board also opened the way for a full fact-finding investigation and immediately changed the authority to sign binding commitments on behalf of the company. Most recently, Thai Airways signed a contract with EEC to proceed with the U-Tapao aircraft maintenance centre, investing 10 billion baht on 210 rai of land, targeting construction in 2027 and the opening of the centre in 2030, with capacity to service 90 aircraft per year and generate revenue of 4,000 to 5,000 million baht. It also issued relief measures for passengers affected by the floods, including flight changes, full refunds, and compensation for delayed baggage. Among other stocks to watch, MRDIYT hinted at bright third-quarter 2026 results driven by branch expansion, while OR teamed up with CENTEL to develop budget hotels, starting with six pilot locations at prices from 800 to 1,300 baht per night, aiming to expand to 50 locations by 2031. AWC filed a filing with the SEC to establish the AWR trust, expecting net cash flow of more than 30,000 million baht, and WP completed its share buyback in full, 1.5 million shares, or 2.94%, worth 57.08 million baht.
THAI.BK · Regulation · Negative Thai Airways' board removed CEO Chai Eamsiri after the flood crisis damaged its reputation and operations, and opened a fact-finding investigation.
THAI.BK · Capital · Positive Thai Airways signed a 10 billion baht contract with EEC for the U-Tapao aircraft maintenance centre, targeting 4,000-5,000 million baht in annual revenue.
AWC.BK · Capital · Positive AWC filed with the SEC to establish the AWR trust, expecting net cash flow over 30,000 million baht.
CENTEL.BK · Demand · Positive CENTEL teamed up with OR to develop budget hotels, starting with six pilot locations and aiming for 50 by 2031.
OR.BK · Demand · Positive OR partnered with CENTEL to develop budget hotels, starting with six pilot locations.
WP.BK · Capital · Positive WP completed its share buyback in full, 1.5 million shares (2.94%), worth 57.08 million baht.
KS-SBITO says floods only slightly dent tourism, recommends home-repair and retail stocks to benefit from recovery
Securities analysts at Kasikorn Securities, or KS, said that although nationwide reservoir water levels are as high as 78% of capacity, the tourism sector is still operating normally, so they estimate that third-quarter 2026 earnings for the tourism group will be affected only slightly. Airports of Thailand, or AOT, has reported no flight cancellations, and major airlines AAV, BA and THAI continue to operate as normal. Meanwhile, hotel operators led by AWC, CENTEL, DUSIT, ERW, MINT, SHR and VRANDA have suffered no property damage, though room booking cancellations in the provinces run about 2% to 15%, partly offset by guests extending their stays. KS therefore maintains its investment weighting on the hotel group, sees the drop in share prices driven by the flood factor as a buying opportunity, and recommends buying AWC with a target price of 3.74 baht, CENTEL with a target price of 48.11 baht, and THAI with a target price of 6.78 baht. Separately, SBI Thai Online, or SBITO, assesses that this crisis will be a medium-term boost for four main business groups in the recovery: the home repair and construction materials group, led by HMPRO, GLOBAL, DOHOME and MR.DIY; the retail and consumer goods group, led by CPALL and CPAXT; the communications group, led by ADVANC and TRUE; and the tourism group, where economic activity will gradually recover after the situation eases.
AWC.BK · Capital · Positive KS recommends buying AWC with a 3.74 baht target price, calling the flood-driven share drop a buying opportunity.
CENTEL.BK · Capital · Positive KS recommends buying CENTEL with a 48.11 baht target price, viewing the flood-related price drop as a buying opportunity.
CPALL.BK · Demand · Positive SBITO expects the retail and consumer goods group led by CPALL to benefit from medium-term recovery after the floods.
CPAXT.BK · Demand · Positive SBITO names CPAXT among the retail and consumer goods leaders expected to gain from post-flood recovery.
DOHOME.BK · Demand · Positive SBITO lists DOHOME in the home repair and construction materials group set to benefit from flood recovery.
GLOBAL.BK · Demand · Positive SBITO names GLOBAL among home-repair and construction materials leaders expected to benefit from post-flood recovery demand.
Krungsri sees retail sector benefiting as floods recede, with Hat Yai flooding lifting home-repair stocks
Krungsri Securities Public Company Limited said its research team holds a neutral to slightly positive view on the retail sector under its coverage, assessing that the impact from branch closures and travel restrictions remains limited. If the situation does not drag on beyond one week, the impact on each company's sales will not exceed 1%. In the short term, operators of everyday consumer goods such as BJC, CPALL, CPAXT, CRC-Tops and GO Wholesale will benefit from stockpiling. CPALL has a convenience store network of about 6,700 branches in Bangkok and its vicinity, accounting for 41% of its total branches. Meanwhile, the home repair and decoration group, including CRC-Thai Watsadu, DOHOME, GLOBAL, HMPRO, ILM and MRDIYT, is expected to benefit more after the waters recede. HMPRO has 39 large-format branches in Bangkok and its vicinity, or 32% of all large-format branches in Thailand. Using the Hat Yai flooding of 21–28 November 2025 as a case study, the retail sector index rose 0.5% on the first day and 1.4% in the first week, with home-improvement stocks responding more strongly, led by HMPRO up 3% on the first day and 10% in the first week, GLOBAL up 3% and 9%, and DOHOME up 1% and 6%. The research team maintains a NEUTRAL weighting on the retail sector, selecting CRC, followed by MOSHI and MRDIYT, as its top picks in that order.
CRC.BK · Demand · Positive CRC named as top pick; Tops benefits from stockpiling and Thai Watsadu from post-flood home repair demand.
HMPRO.BK · Demand · Positive Highlighted as the strongest home-improvement responder, up 3% on day one and 10% in the first week during the Hat Yai flooding case study.
CPALL.BK · Demand · Positive CPALL named as everyday consumer goods operator benefiting from stockpiling; 6,700 branches in Bangkok area, 41% of network.
DOHOME.BK · Demand · Positive DOHOME cited in home repair group expected to benefit after waters recede, up 6% in first week in Hat Yai case study.
GLOBAL.BK · Demand · Positive Named in the home-repair/decoration group expected to benefit more after floodwaters recede, with Hat Yai case showing GLOBAL up 9% in the first week.
BJC.BK · Demand · Positive BJC named among everyday consumer goods operators expected to benefit from stockpiling as floods recede.
GISTDA warns of flooding in central and northeastern Thailand; home-repair stocks HMPRO, GLOBAL, DOHOME and MRDIYT eyed for recovery-phase gains
The Geo-Informatics and Space Technology Development Agency, or GISTDA, has reported on nationwide water conditions following continuous heavy rain. Data from satellite and geo-informatics technology shows many areas at high risk of flooding, particularly the central region and the lower north, where the high-risk red zone has expanded widely, covering Nakhon Sawan, Phichit, Phetchabun, Lopburi, Saraburi and Suphan Buri, extending to Pathum Thani, Nonthaburi and parts of Bangkok. In the lower northeast, accumulated water masses are found along river basins, with the high-risk red zone densely concentrated in Surin, Si Sa Ket, Buri Ram and Roi Et. Koraphat Vorachet, Senior Executive Vice President and Head of Research at Krungsri Securities, or KSS, assesses that the flood situation may pressure consumer purchasing power in the short term, but once the post-flood recovery phase begins, demand for home repair and renovation products tends to rise. The retail groups worth watching include Home Product Center, or HMPRO, Siam Global House, or GLOBAL, DoHome, or DOHOME, and Mr. D.I.Y. Holding (Thailand), or MRDIYT, which operates a retail business in home decoration and lifestyle products covering hardware, tools, household appliances, home decor and electrical goods. Overall, the impact on the Thai stock market will depend on the scale and duration of the effect on purchasing power, as well as the speed of the transition into the recovery phase. General merchandise retailers may face short-term pressure, while HMPRO, GLOBAL, DOHOME and MRDIYT are retail stocks with businesses tied to home products, repairs and residential renovation, whose recovery-phase effects can be tracked on an ongoing basis.
FSS Recommends "Buy" on MRDIYT with 10.40 Baht Target, Expects Q4 Profit to Grow 20%
Finansia Syrus Securities Public Company Limited, or FSS, has upgraded its investment recommendation on shares of Mr. D.I.Y. Holding (Thailand) Public Company Limited, or MRDIYT, to "Buy" with a target price of 10.40 baht, citing a more attractive upside gap between the share price and the target price. FSS estimates that MRDIYT's third-quarter 2026 profit is likely to grow around 13-15% year on year, slowing from the first half of 2026 when profit grew 21.2% year on year, weighed down by promotional activities and inventory clearance during the low season. However, FSS expects profit to accelerate again in the fourth quarter of 2026, projecting growth of about 20% year on year, supported by the positive effect of product price increases. For the full year 2026, FSS maintains its forecast that MRDIYT's profit will grow approximately 16% compared with the previous year.
MRDIYT.BK · Capital · Positive FSS upgraded MRDIYT to Buy with a 10.40 baht target, citing a wider upside gap and forecasting ~16% full-year 2026 profit growth.
MRDIYT.BK · Pricing · Positive FSS expects Q4 2026 profit to accelerate ~20% year on year, supported by the positive effect of MRDIYT's product price increases.
Asia Plus flags 10 stocks set to benefit from CAPPED WEIGHT top-ups in rebalance round, led by DELTA
The research team at Asia Plus Securities said that in the fourth quarter of 2026, the Thai capital market has an interesting issue arising from CAPPED WEIGHT index rebalancing. The SET50 index has a rule capping any single stock's weight at no more than 10%, creating a MEAN REVERSION phenomenon: when large-cap stocks decline in price, their FLOATING WEIGHT falls, for example DELTA dropping from 10% to 7.28%. When the end-of-quarter REBALANCE arrives, PASSIVE FUNDs must buy the stocks that fell heavily to top their weights back up to 10%, and sell stocks that have risen or whose weight exceeds 10%. The research team calculated the 10 stocks that will be added to in the fourth-quarter 2026 round, with DELTA benefiting the most from the top-up back to 10% from 7.28%, followed by MRDIYT, MINT, THAI, TFG, BANPU, ADVANC, CPN, CPALL and AOT. This group is expected to see price support from PASSIVE FUND money flows before October.
DELTA.BK · · Positive DELTA is the biggest beneficiary of passive-fund top-up buying back to the 10% SET50 weight cap from 7.28% at the Q4 2026 rebalance.
MINT.BK · · Positive MINT is named among the 10 stocks expected to receive passive-fund top-up buying in the Q4 2026 SET50 rebalance.
MRDIYT.BK · · Positive MRDIYT is named among the 10 stocks expected to receive passive-fund top-up buying in the Q4 2026 SET50 rebalance.
TFG.BK · · Positive TFG is named among the 10 stocks expected to receive passive-fund top-up buying in the Q4 2026 SET50 rebalance.
THAI.BK · · Positive THAI is named among the 10 stocks expected to receive passive-fund top-up buying in the Q4 2026 SET50 rebalance.
ADVANC.BK · · Positive ADVANC is among the 10 SET50 stocks flagged to receive passive-fund weight top-up buying in the Q4 2026 rebalance.
Retail Q3 Profits Still Growing; Favor MOSHI-CRC-MRDIYT
Krungsri Securities expects normal profits for the retail group (excluding IT products) in 3Q26F to still grow y-y, despite flat same-store sales (SSS), with the main support coming from expanding gross margins. Meanwhile, August SSS was flat y-y, slowing from +1% in July, due to frequent rain and weak purchasing power. However, Big C (a subsidiary of BJC) bucked the trend with 2% y-y growth, supported by product adjustments and orders from small retailers. The lifestyle and department store groups continued to perform well, with MOSHI and MRDIYT posting SSS growth of 4% and 1%, respectively, while CRC grew 1.5%. The home repair and decoration group contracted by an average of 1%, with GLOBAL weakest at -7% and HMPRO at -4%. September SSS recovery is expected to be limited due to the "Thai Helps Thai Plus" measures and high cost of living. The firm maintains a NEUTRAL stance on the retail group and selects MOSHI, CRC, and MRDIYT as top picks.
MRDIYT targets 210 new stores in 2026, Q2 gross margin hits 52%
Mr. D.I.Y. Holding (Thailand) Public Company Limited, or MRDIYT, targets opening 210 new stores in 2026, with 60% of the goal already achieved in the first half of the year. As of the end of Q2, the company had a total of 1,248 stores covering all 77 provinces nationwide. Mr. Anupap Khongmalai, Executive Vice President of Marketing, stated that the company focuses on offering value-for-money and easily accessible products under the "Always Low Prices" concept to cater to cost-conscious consumers, with approximately 16,000 product items across 6 main categories. In Q2 2026, the gross profit margin stood at 52.0%, up 0.6% from the same period last year, with 34.9 million transactions, an increase of 18.8%. The company has a capital expenditure budget of approximately 4 billion baht for 2026 to expand stores and develop the automated distribution center project.
Krungsri Securities expects normalized profit for the retail sector in the third quarter of 2026 to grow year-on-year but decline quarter-on-quarter due to the rainy season. The year-on-year profit growth is driven by higher gross margins from product mix, promotional management, and lower transportation costs, while same-store sales are expected to be flat amid still-fragile purchasing power. The research team forecasts normalized profit for the retail sector in 2026 at 68.2 billion baht, up 9 percent year-on-year, higher than expected sales growth of 4 percent year-on-year. Excluding GLOBAL and DOHOME, which benefited significantly from low-cost inventory in the second quarter of 2026, MRDIY, MOSHI, and CRC are expected to post the strongest normalized profit growth in the sector. The firm maintains a neutral weighting on retail stocks because fragile purchasing power limits same-store sales recovery, and recommends selective plays, naming MOSHI, CRC, and MRDIY as top picks in the sector.
MRDIYT second-quarter profit rises 19.4%, dividend of 0.065 baht
Mr. D.I.Y. Holding (Thailand) Public Company Limited, or MRDIYT, reported second-quarter net profit for the year 2026 of 757.0 million baht, up 19.4% from the same period last year. Total revenue came in at 5.8768 billion baht, an increase of 18.0%. Gross profit margin improved to 52.0% from 51.4%, and EBITDA stood at 1.8264 billion baht, up 17.4%, supported by the opening of 59 new branches during the quarter, bringing the total to 1,248 branches as of the end of June. Transaction volume rose 18.8% to 34.9 million transactions, although same-store sales declined 1.2% due to a high base last year. The board resolved to pay an interim dividend of 0.065 baht per share, with the XD date on 20 August 2026 and payment on 2 September 2026.
Krungsri sees retail stocks in 2026 growing unevenly, recommends MOSHI, MRDIYT, CRC
Krungsri Securities Public Company Limited stated that the overall retail sector in 2026 will slow in line with purchasing power, with the modern retail market expected to grow only 1.5 to 2.5 percent, down from 2.5 to 3.5 percent in 2025, and average same-store sales for the group are expected to be flat. However, the general merchandise, home improvement, and lifestyle segments still have room to expand branches and gain market share from small retailers, with same-store sales growth forecast at 3 percent for MOSHI, 2 percent for CPALL, and 1 percent for MRDIYT. Meanwhile, big-ticket items and hypermarkets are under pressure, with CRC's same-store sales seen flat, while HMPRO and GLOBAL are expected to decline 1 percent. The research team forecasts core profit for the group in 2026 to 2027 to grow at an average of 7 percent per year, but growth will be concentrated, with MOSHI and MRDIYT standing out at 18 percent and 17 percent per year respectively, driven by aggressive store opening plans relative to their current base. CRC continues to grow, and excluding the 691 million baht profit from Rinascente sold in the fourth quarter of 2025, profit from continuing operations would grow 11 percent per year. The investment strategy focuses on stock picking rather than buying the whole sector, with a market-weight allocation, and recommends MOSHI, MRDIYT, and CRC as top picks.
Phillip Securities sees Thai stocks moving sideways, recommends shifting funds from banks into four key themes
Phillip Securities expects the Thai stock index to trade sideways in a range of 1,640 to 1,665 points, pressured by a 2026 forward P/E of 16.7 times, close to the average since 2020 of 17.1 times, and banking stocks may face sell-on-fact pressure after earnings announcements. However, the TISA project measures will help prevent the index from falling deeply, and a rotation of funds out of banking stocks into real sector stocks is expected for speculation on second-quarter 2026 earnings, which are anticipated to be strong. The investment strategy is divided into four main themes: speculation on second-quarter 2026 earnings in stocks such as AMATA, CPALL, DELTA, HANA, ITC, KCE, MRDIY, MTC, OSP, QH, SAWAD, SCC, STECON, and TIDLOR; energy stocks in BCP, PTT, PTTEP, SPRC, and TOP; speculation on government measures or projects in BJC, CENTEL, CK, CPAXT, CRC, DOHOME, ERW, GLOBAL, HMPRO, LH, MINT, and SCC; and hopes for investment inflows from China in ADVANC, GUNKUL, GULF, ROJNA, WHA, and WHAUP.
7 Stocks with Strong Second-Quarter Earnings Growth Potential
Analysts have selected seven stocks expected to post second-quarter earnings growth. PSL may swing from a loss to strong profit as dry bulk freight rates surge. RCL benefits from container shortages due to port congestion and can levy additional special fees. AMATA is scheduled for large land transfers in both Thailand and Vietnam, supported by electric vehicle and data center production bases. ERW maintains high average revenue per room and continues expanding its Hop Inn branches. MRDIY's profit keeps racing ahead from new branch openings with quick payback and robust same-store sales. CPN gains from increased mall foot traffic, boosting rental income and sales share. COM7 is generating new revenue from retail media, using over 1,400 stores nationwide as advertising billboards with high gross margins.
MRDIYT expected to post 19% rise in second-quarter core profit to 752 million baht
Finansia Syrus Securities projects that Mister D.I.Y. Holding Thailand, or MRDIYT, will report a second-quarter 2026 core profit of 752 million baht, up 19% from a year earlier and 11% from the previous quarter. The growth is driven by an expected 18% increase in total sales from new store openings and a gross margin improvement to 52%, even though same-store sales are forecast to edge down 1.3% due to softer purchasing power late in the quarter. Investors should monitor the same-store sales trend in the third quarter of 2026 and the impact of foreign exchange on gross margins. The stock currently trades at a 2026 price-to-earnings ratio of around 20 times, which already reflects the growth, prompting a downgrade to Hold with a maintained target price of 10.40 baht.
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