Kasikorn Securities lowered its target price for KAMART to 6.44 baht from 9.29 baht, while maintaining a hold recommendation, after the company cut its 2026 revenue and normalized profit targets to 3.8 to 4 billion baht and 600 to 700 million baht, respectively, from 4 billion baht and 800 million baht. Management expects third-quarter 2026 revenue and normalized profit to grow both year on year and quarter on quarter, while gross margin is expected to remain stable at 53 to 54 percent. The broker also cut its normalized profit estimates for 2026 to 2028 by 30 to 31.3 percent and lowered its revenue estimates by 7.3 to 12.8 percent, citing reduced growth potential for cosmetics sales, and raised its selling, general and administrative expense to revenue assumption to 35.3 to 35.5 percent from 30.9 to 31.2 percent.
Karmarts Public Company LimitedCompany cut 2026 revenue and profit targets; broker lowered target price and estimates.
