Neo Corporate Public Company Limited, or NEO, is pushing ahead with elevating its FMCG products beyond function to become Lifestyle Items through Brand Collaboration and Community Marketing strategies aimed at Gen Z and Young Consumers under the concept of Always Young. Miss Nichamon Thakolsri, Deputy Chief Executive Officer for Business Innovation at NEO, said the FMCG industry today must secure a place in the hearts of the new generation of consumers, competing not only on quality or function. This year the company generated strong response through its NEO Collab Power projects, such as D-nee x Wiggle Wiggle with presenter Ink Waruntorn, D-nee Kids x Jolly Bear, the Fine Line brand with Phuwin Tangsakyuen, the BOW x LYKN project for the Eversense brand, and TROS x BENZILLA. KGI Securities said NEO's sales momentum remains strong, with sales in July-August 2026 growing more than 20%, and it expects third-quarter 2026 sales to grow in the double digits, driven by new products, the reintroduction of existing products, a 4-5% price increase, and the Thai Help Thai Plus program. Meanwhile, the price of crude palm kernel oil, or CPKO, in August 2026 fell 7% month-on-month to 2,264 US dollars per tonne, supporting an expected improvement in third-quarter 2026 gross margin to 38-39%. KGI Securities therefore maintained its 2026 net profit forecast at 648 million baht, up 15% year-on-year, and its 2027 forecast at 729 million baht, up 13% year-on-year, while keeping its Buy recommendation with an end-2027 target price of 26.70 baht per share, based on a PE of 11 times.
Neo Corporate PclKGI maintains Buy with a 26.70 baht target and forecasts 15% profit growth on strong sales and margin improvement.
