KGI Securities has lowered its target price for AU to 4.42 baht from 4.60 baht, while maintaining a hold rating, after second-quarter net profit for fiscal 2026 came in at 36 million baht, down 32% from a year earlier and 33% from the previous quarter, 29% below the research team's forecast due to weaker-than-expected revenue and a higher-than-expected SG&A expense ratio. Sales revenue was 394 million baht, up 2% from a year earlier, supported by a 3.3% increase in same-store sales, but non-café business sales, which account for 24% of total revenue, came in at 93 million baht, down 7% from a year earlier. The research team therefore cut its fiscal 2026 net profit forecast by 10% to 194 million baht and its fiscal 2027 forecast by 8% to 211 million baht, expecting second-half profit to recover on stronger tourist arrivals and year-end festive spending.
After You Public Company LimitedQ2 profit missed estimates and target price cut to 4.42 baht
