Land and Houses Securities has raised its profit forecast for MOSHI for 2026 by about 5% to 786 million baht from 750 million baht, while maintaining a buy recommendation with a new target price of 52.50 baht. It expects second-quarter 2026 profit at 161 million baht, growing 19.9% year-on-year but down 15.6% quarter-on-quarter due to seasonal factors. Sales are still expanding 17.2% year-on-year, supported by same-store sales growth of 4% and the addition of 11 new branches to reach 217 branches. Gross margin is expected to be stable near the previous quarter's 56.2%, helped by a product mix shift toward imports from China. Selling and administrative expenses to sales are expected to rise to 34.2% due to marketing expenses. The second-half trend remains positive, with same-store sales in July so far still positive at around 7%, and costs have not been affected by higher energy prices as the company has sufficient inventory through August.
Moshi Moshi Retail Corp. PCLBroker raised profit forecast and target price, maintaining buy recommendation.