Brokers rush to recommend buying HANA after profit surges 840%

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Several brokers are lining up to recommend buying HANA after second-quarter net profit for fiscal 2026 jumped 840% from the same period last year to 326 million baht. An analyst at Krungsri Securities set a 2027 target price of 51.70 baht, saying the share price rise is still not expensive at a P/E of only 24 times and a PEG of 0.55 times. Finansia Syrus raised its 2026-2028 profit estimates and lifted its target price to 53 baht. KGI Securities Thailand upgraded the stock from sell to buy and raised its end-2027 target price to 45 baht from 28 baht, noting the stock still has 13% upside from the latest close.

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