MOSHI's store rollout and strong same-store sales drive profit growth, with floods a brief setback
Store expansion and same-store sales fuel profit growth MOSHI's profit rose 20% in Q2 2026 and 21.5% in the first half, driven by new store openings and same-store sales growth. Management kept its 2026 revenue growth target of 15-20% and plans 35 new stores, supporting the stock's long-term value.
This is the core fundamental driver of MOSHI's earnings and stock price, showing the company's growth trajectory.
Brokers raise targets and recommend buying on growth outlook Several brokers raised MOSHI's target price to 50-54 baht and maintained buy ratings, citing strong same-store sales growth of 5-6% and an attractive valuation near historical lows. They see the stock as a top pick in the retail sector.
Broker upgrades and target price increases directly influence investor sentiment and can push the stock price up.
Flooding in Bangkok temporarily disrupts sales and profit Heavy rain and flooding in late September forced 15 MOSHI branches to close, slowing same-store sales growth to 1-2% and cutting Q3 profit growth to 10-15%. However, brokers view this as temporary and recommend buying on the dip.
The flood is a recent negative event that pressured the stock, but its temporary nature is key for investors to understand.
Government stimulus and sector recovery support retail demand Thailand's economic recovery and government measures like the Thai Help Thai Plus extension are expected to boost consumption. MOSHI is seen as only limitedly affected by the program's extension and benefits from high-season momentum in Q4.
Macroeconomic and policy factors can drive retail sector performance and investor confidence in MOSHI.