Kasikorn Securities has raised its profit forecasts for VGI Public Company Limited, or VGI, for fiscal years 2026/27, 2027/28 and 2028/29 by 12.6%, 33.2% and 26.6% respectively, mainly due to higher profit contribution from PLANB after PLANB began recognising its share of profit from COM7. However, the broker maintains a hold rating and raises its target price by 3% to 1.25 baht to reflect the higher investment value in PLANB and JMART. Operating results remain loss-making, and uncertainty over capital allocation remains a key overhang because VGI has yet to announce a clear investment plan for excess liquidity of nearly 20 billion baht, which is a significant component of the research team's valuation. VGI plans to announce its investment plan by the end of 2026. From the analyst meeting, VGI targets fiscal 2026/27 revenue growth of 8 to 18% from its distribution business, compared with the research team's forecast of 4% revenue growth, and targets a gross margin of 35 to 40%, compared with the forecast of 34%. In afternoon trading, VGI shares moved at 1.14 baht, up 0.12 baht or 11.76%, with turnover of 715.75 million baht.
VGI Public Company LimitedKasikorn Securities raised profit forecasts and target price on higher investment value in PLANB and JMART.
Jay Mart Public Company Limited
Plan B Media PCLPLANB began recognizing profit from COM7, boosting VGI's profit forecast.
Com7 PCL