Finansia Syrus Securities recommends buying shares of Siam Global House Public Company Limited, or GLOBAL, and has raised its target price to 8.30 baht per share. This follows a second-quarter 2026 net profit of 955 million baht, up 83.6% from the previous year and 35% above the research house and market expectations. Key drivers include a gross margin expansion to 31.6% from 25.4% in the same period last year, and an increase in private brand sales mix to 27.5%. The research team has raised its 2026 earnings forecast by 14.7% and expects normalized profit to grow 35.3% year-on-year. Although same-store sales in July remained soft, this is expected to be offset by gross margins that remain elevated.
Siam Global House Public Company LimitedQ2 net profit beat expectations and target price raised to 8.30 baht