Dao Securities stated that Neo Corporate Public Company Limited, or NEO, reported a second-quarter 2026 net profit of 209 million baht, up 159% from a year earlier and 119% from the previous quarter, the highest level in five quarters. The result was supported by a 22% increase in domestic sales from the Thai Chuay Thai Plus scheme and a lower selling and administrative expense-to-sales ratio due to fewer new product launches and relaunches. The broker maintained its 2026 net profit forecast at 566 million baht, up 1% from the previous year, and kept a buy recommendation with a target price of 27.00 baht, based on a 2026 price-to-earnings ratio of 14.5 times. It views that earnings have passed their trough and that the current valuation does not yet reflect the recovery in purchasing power both domestically and internationally.
Neo Corporate PclQ2 net profit surged 159% YoY and 119% QoQ, beating expectations, with broker maintaining buy and target price.
