Siam Global House Public Company Limited, or GLOBAL, reported second-quarter 2569 net profit of 946.88 million baht, an increase of 82.46% from the same period last year when net profit was 518.95 million baht, and above the market expectation of around 700 million baht. This marks the highest profit in five years. Sales revenue edged down 0.15% to 8,170.98 million baht, but gross profit margin rose to 31.59% from 25.42% in the second quarter of 2568, supported by the push for House Brand products, whose share reached 27 to 27.5%, and AI-driven logistics cost management. Additionally, share of profit from investments in joint ventures increased to 104.86 million baht from 46.10 million baht in the second quarter of 2568. As a result, first-half net profit came in at 1,744.95 million baht, up 53.55% from the same period last year. Analysts from Krungsri Securities and KGI Securities have raised their 2569 profit forecasts, now expecting core full-year profit of 2.8 billion baht, growth of 39%, and recommend buying with a highest target price of 9.50 baht. GLOBAL shares last closed at 8.00 baht, up 5.26%, with a trading value of 675.27 million baht.
Siam Global House Public Company LimitedQ2 net profit surged 82.46% to 946.88 million baht, beating expectations and marking highest profit in five years.
