KS and ASPS Expect Retail Sector SSSG to Recover, Highlighting CPALL, MOSHI, CRC

Analyst
โดย Kaohoon·TH·Read original
Summary · why it matters

Kasikorn Securities (KS) assesses that same-store sales growth (SSSG) for the retail sector in August 2026 is likely to expand slightly at 0-1%, supported by a low base in the previous year. Meanwhile, Asia Plus Securities (ASPS) views that SSSG will mostly turn slightly positive, led by BJC, CPALL, CRC, and DOHOME, but CPAXT and HMPRO remain negative due to not participating in the "Thai Helps Thai Plus" project. KS expects the average SSSG for the sector in July-August to turn positive at approximately 0.5%, from a negative 0.6% in Q2 2026, and selects CPALL, MOSHI, and CRC as top picks. ASPS, on the other hand, selects CRC, COM7, and BJC. The research side maintains a "Neutral" view on the commerce sector, and ASPS maintains an "Equal-weight" investment rating on the commerce sector, expecting sector profits in 2026 to grow 12% year-on-year.

Impact on stocks 9

Consumer Discretionary± Mixed · 5 stocks
Com7 PCL
COM7
▲ PositiveDemandrelevance

ASPS selects COM7 as a top pick, expecting positive SSSG recovery.

Consumer Staples± Mixed · 2 stocks
Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

ASPS expects BJC's SSSG to turn slightly positive, benefiting from the recovery.

Digital Finance & Tokenization▲ · 1 stocks
Financials▲ · 1 stocks
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