Shares of Neo Corporate Public Company Limited, or NEO, rose 4% after analysts raised their target price to 34 baht. At 11:36 a.m., the stock stood at 27.00 baht, up 1.00 baht, or 3.85%, with a high of 27.25 baht and a low of 25.75 baht, on turnover of 30.06 million baht. Dao Securities (Thailand) estimates NEO's net profit for the third quarter of 2026 at 247 million baht, up 321% from the same period a year earlier and up 19% from the previous quarter, marking the highest level in six quarters, driven by a full quarter of impact from the Thai Help Thai Plus stimulus measure and price increases starting in July 2026. For the fourth quarter of 2026, earnings are expected to continue growing year on year as flood conditions begin to ease. Dao Securities estimates NEO's full-year 2026 net profit at 720 million baht, up 28% from a year earlier, with further upside potential to its forecast from the benefits of the Thai Help Thai Plus measure and SG&A expenses that may come in lower than expected. The research team therefore maintains a buy rating on NEO with a target price of 34.00 baht.
Neo Corporate PclDao Securities raised NEO's target price to 34 baht and maintained a buy rating, forecasting Q3 2026 net profit up 321% YoY to a six-quarter high.
