Rojukiss International Public Company Limited

Rojukiss International Public Company Limited, or KISS, reported first-half 2026 results with revenue from sales of goods and services of 630 million baht, up 23%, and net profit of 78 million baht, up 32% compared with the same period last year, driven by strong sales of skincare and cosmetics products and expanded distribution channels. E-commerce grew 347% and modern trade grew 8%. In the second quarter, the company approved an interim dividend for the second quarter of 2026 at 0.06 baht per share, totaling 35.1 million baht, representing a payout ratio of 108% of quarterly net profit. Combined with the first quarter of 2026, total first-half dividends will be 0.11 baht per share. The record date is 25 August 2026 and payment will be made on 10 September 2026. The Rojukiss brand increased its facial mask market share in Thailand to 17.9% from 17.0% and was selected as one of 18 Thai companies on the Forbes Asia's Best Under A Billion 2026 list. The company has expanded internationally to 12 markets and targets 15 markets by the end of 2026.

Analysts recommend watching KISS and TU shares after their fourth-quarter 2024 results showed a recovery. KISS reported a net profit of 120 million baht, swinging from a loss in the same period last year, while TU posted a net profit of 1.2 billion baht, up 15 percent from the previous year, supported by expanding overseas sales. Both companies expect the trend in 2025 to continue growing in line with the recovery in global demand.

Kasikorn Securities expects Rojukiss International Public Company Limited, or KISS, to post a normalised profit of 38 million baht in the second quarter of 2026, up 52.8 percent from the same period a year earlier, driven by strong skincare product sales and a higher gross margin, but down 9 percent from the previous quarter due to higher selling expenses. The broker maintains a buy recommendation and a mid-2027 target price of 3.75 baht, viewing the current valuation as attractive at a 2026 price-to-earnings ratio of just 12.0 times, coupled with core earnings per share growth of 13 percent and a high dividend yield of 6.6 percent.