Krungsri sees retail stocks in 2026 growing unevenly, recommends MOSHI, MRDIYT, CRC

HoonVision··Read original
2▲3 ▼0Impact / 5
Summary · why it matters

Krungsri Securities Public Company Limited stated that the overall retail sector in 2026 will slow in line with purchasing power, with the modern retail market expected to grow only 1.5 to 2.5 percent, down from 2.5 to 3.5 percent in 2025, and average same-store sales for the group are expected to be flat. However, the general merchandise, home improvement, and lifestyle segments still have room to expand branches and gain market share from small retailers, with same-store sales growth forecast at 3 percent for MOSHI, 2 percent for CPALL, and 1 percent for MRDIYT. Meanwhile, big-ticket items and hypermarkets are under pressure, with CRC's same-store sales seen flat, while HMPRO and GLOBAL are expected to decline 1 percent. The research team forecasts core profit for the group in 2026 to 2027 to grow at an average of 7 percent per year, but growth will be concentrated, with MOSHI and MRDIYT standing out at 18 percent and 17 percent per year respectively, driven by aggressive store opening plans relative to their current base. CRC continues to grow, and excluding the 691 million baht profit from Rinascente sold in the fourth quarter of 2025, profit from continuing operations would grow 11 percent per year. The investment strategy focuses on stock picking rather than buying the whole sector, with a market-weight allocation, and recommends MOSHI, MRDIYT, and CRC as top picks.

Impact on assets 6

Consumer Discretionary▲ · 5 stocks
Moshi Moshi Retail Corp. PCL
MOSHI
▲ PositiveDemandrelevance

Same-store sales growth forecast at 3% and core profit growth of 18% per year driven by aggressive store expansion.

Digital Finance & Tokenization▲ · 1 stocks
© 2026 MarketIVNews