Kasikorn Securities stated that Aurora Design Public Company Limited (AURA) expects its performance in Q3/2026 to return to normal levels. Management maintains the 2026 target of 20-30% sales and profit growth year-on-year, despite strong first-half sales growth of 68% and profit growth of 22%. The company also maintains its 2026 gold loan portfolio target of 12 billion baht, or 46% growth from the previous year. In Q3, sales and profit are expected to grow year-on-year, supported by stronger gold jewelry sales and no inventory losses due to rising gold prices, bringing the gross margin back to normal levels close to Q3/2025's 10.3%. The research department estimates Q3/2026 profit at 381 million baht, up 46% year-on-year and 67% quarter-on-quarter, maintaining a "Buy" recommendation and a mid-2027 target price of 18.66 baht. It views 13.44 baht as an attractive accumulation level if the price declines.
Aurora Design PCLBroker maintains Buy and target price, expects Q3 profit recovery and growth.
