HMPRO shares gained 2.34% after reporting second-quarter net profit of 1.594 billion baht, up 14% from a year earlier and about 3-4% above research and market expectations. This marks the first year-on-year growth in five quarters, supported by a 3.4% increase in total revenue and a gross margin that rose to 27.7% from 25.8% a year ago. Meanwhile, the selling and administrative expense-to-sales ratio increased to 20.6%. Finansia Syrus Securities maintained a buy recommendation and a target price of 7.70 baht, noting the stock trades at a 2026 price-to-earnings ratio of around 13.8 times, below the home improvement retail sector average of about 16-17 times.
Home Product Center Public Company LimitedHMPRO reported Q2 net profit above expectations, first YoY growth in five quarters, and received a buy recommendation with a target price of 7.70 baht.
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