EURO CREATIONS PUBLIC COMPANY LIMITED

Stock Focus today rounds up the key points on several stocks. BGRIM is likely to close deals for large IPP gas-fired power plants in Vietnam and Malaysia totalling 3,000 megawatts by late this year to early next year, and is preparing to file for extensions of 22 existing power plant projects with a combined capacity of 3,000 megawatts under the PDP plan, and will open the first phase of its data centre this November. ADVICE said the iPhone 18 is hot, with the iPhone 18 Pro Max fully booked in pre-orders, and handsets will start being delivered this Friday, which will support third-quarter revenue in 2026, while the company maintains its full-year revenue growth target of 15% from a year earlier and aims to reach 29 branches by the end of 2026, up from 22 in the first half. MMM is pressing ahead with new partners to supply the property business, maintaining a stock of 800 units, with a strategy targeting the 4-5 million baht price segment, drawing on its Prukasa subsidiary to help with construction, and is confident fourth-quarter results will peak, targeting full-year growth of 30-40%. KCC has set its sights on 2026, aiming to bring 500 million baht of NPLs into its portfolio and grow at least 30% after raising 450 million baht through debentures, and is studying plans to buy more NPAs. EURO is expanding the luxury market together with SC, opening the luxury villa project The Gentry Cultivar Rama 9 priced at 30-50 million baht. POLY reaffirmed its full-year revenue growth target of 10% after first-half revenue of 628 million baht, with its automotive business rising to a 60% share on continuous orders from Toyota, and has just set up a subsidiary to move into the electrical and electronics business as a new S-curve. MGC is extending its Mobility Ecosystem through its SIXT car rental business, partnering with ROYS HOTEL to provide electric XPENG vehicles to shuttle guests, with ROYS HOTEL spending 300 million baht on a major renovation and aiming to open in 2027. In insurance, the cabinet approved a national catastrophe insurance plan covering 30 million households, with protection against floods, storms, earthquakes and loss of life, starting this October 1. TWPC is set to drive sales growth in its overseas food and sauce business above 10% after acquiring Well-Grow, which began contributing revenue in September, supporting fourth-quarter 2026 results. Brokers recommend buying KLINIQ and MASTER on expectations that second-half profit will accelerate, with KLINIQ having a network of more than 84 branches. SCB EIC reaffirmed that foreign capital remains interested in investing in Thailand and is watching for the government to issue new data centre rules this year. Finansia recommends buying STECON with a target of 22.50 baht, and Globlex recommends WHA with a target of 5.40 baht. SIRI is pushing low-rise sales towards a target of 25 billion baht and will launch Burasiri Well Krungthep Kreetha worth 6 billion baht, priced at 23-40 million baht, during September 19-20. BEM said the Expressway Authority of Thailand is discussing ways to reduce the impact before raising tolls on the Chalong Rat expressway on December 15, with the new rates starting at 80 baht for four-wheel vehicles, 130 baht for six-to-ten-wheel vehicles and 180 baht for vehicles with more than ten wheels. ONEAM will hold a meeting of GROREIT trust unitholders on October 28 to vote on selling the Royal Orchid Sheraton hotel, with three options: having ROH buy it back for 4.873 billion baht, selling it to Orchid Hospitality, which has offered 5.3 billion baht, or holding a general auction. If the sale succeeds, the trust will immediately proceed with liquidation.

Euro Creations Public Company Limited, or EURO, has announced a partnership with SC Asset Corporation Public Company Limited, or SC, to furnish "The Gentry Cultivar Rama 9," a luxury villa project, under the campaign "THE CULTIVAR ATELIER – The Art of Personal Curation." Kevin Gambir, Chief Executive Officer and Executive Director of EURO, said the collaboration reflects the company's approach of bringing global brands to create living experiences for high-purchasing-power customers. EURO has curated furniture and decor from several global brands, including Cassina, Molteni&C, Rolf Benz, Calligaris and Giorgetti, as well as fitness equipment from Technogym. The project consists of three-storey luxury villas with only 15 units on an area of more than 5 rai 1 ngan 93.8 square wah. There are three home designs to choose from: Hideaway with 550 square metres of usable space, Haven with 440 square metres, and Hyde with 362 square metres. Prices start at 30-50 million baht.

Euro Creations Public Company Limited (EURO) reported its operating results for the first half of 2026, with a net profit of 87 million baht, an increase of 26.9% from the same period last year. It ranked among the companies with the highest net profit in the consumer products industry group on the Market for Alternative Investment (MAI). Meanwhile, the company has a total backlog of over 1,716 million baht from both B2C and B2B customer groups, which will be recognized as revenue according to the delivery plan, supporting the performance trend in the second half of the year. Management maintains the revenue growth target of 10-15% from the previous year and continues to execute its business expansion strategy as planned in the second half.

NAM announced its second-half strategy to expand its portfolio across the entire value chain, from upstream to downstream, while building its brand to increase margins and create brand loyalty. The company is also expanding into international markets through subsidiaries in Malaysia and Italy, and setting up an SKD parts assembly base in Indonesia with a local partner. Meanwhile, EURO reported first-half revenue from sales and services of 749 million baht, up 12.6 percent, and net profit of 87 million baht, up 26.9 percent from the same period last year. The company targets full-year revenue growth of 10 to 15 percent and plans to open the first phase of Euro Creations T3 at the end of this year. DOD announced a revised investment strategy by negotiating to recover deposits and advance payments for some projects in order to manage risk and maintain the highest level of financial liquidity and security.

Euro Creations Public Company Limited, or EURO, reported first-half 2026 results with net profit of 87 million baht, up 26.9% from the same period last year, and sales and service revenue of 749 million baht, up 12.6%. The company attributed this to efficient management of its revenue and cost structure as well as sound strategic execution. At the end of the second quarter of 2026, the company had a total sales backlog of 1,716 million baht and targets revenue growth of 10 to 15 percent this year, continuing to set new records, while preparing to launch the first phase of the Euro Creations T3 project late this year as planned.

Euro Creations has completed its share buyback project for financial management. The program began on 16 March 2026 and ended on 14 August 2026. The company spent approximately 8.46 million baht to repurchase 1.82 million shares, representing 0.60% of total issued shares, from an approved maximum budget of 25 million baht and a maximum of 5 million shares, or 1.64% of total issued shares. Meanwhile, EURO's share price has risen from 4 baht, and as of 20 August 2026, it stood at 7 baht, reflecting active trading during the period. In the second half of the year, there are still issues to watch, including earnings growth and the plan to open the first phase of Euro Creations T3 later this year.

Euro Creations Public Company Limited is advancing its Luxury Lifestyle and Wellness Living Solutions strategy to create a premium living ecosystem that seamlessly connects products and services, boosting opportunities for ongoing sales and cross-category selling. The company holds a backlog worth 1.495 billion baht and targets revenue growth of 10 to 15 percent in 2026. Its portfolio of world-class brands spans every dimension, including Molteni&C, Bang & Olufsen, Technogym, and Vispring, helping to increase customer lifetime value and reduce new customer acquisition costs. The One-Stop Service model also enables EURO to reach customers through architects and luxury real estate developers from the earliest stages of a project. This strategy aligns with the megatrend of affluent consumers seeking lifestyle experiences that reflect taste and quality of life, and is supported by the number of high-net-worth individuals in Thailand, which Knight Frank estimates will rise by 26 percent between 2026 and 2031.

Euro Creations Public Company Limited, or EURO, has partnered with five property developers — Sansiri, SC Asset, Major Development, Eden Estate, and Boat Pattana — to expand in the high-end market, targeting high and ultra-high net worth customers through a one-stop service model covering residential products, lifestyle, and wellness from leading global brands. The company said it continues to receive interest and orders from both Thai and foreign customers, which will support customer base expansion and future business growth opportunities.