Dao Securities has raised its profit forecast for MASTER and upgraded its recommendation to buy, with a new target price of THB 10.30, up from THB 9.00. It expects second-quarter 2026 net profit of 63 million baht, up 19% from a year earlier and 3% from the previous quarter, better than its earlier estimate of 53 million baht, thanks to better cost control and a recovery in income from associates. Full-year 2026 profit is forecast at 258 million baht, up 30%, and 2027 profit at 299 million baht, up 16%. The broker assesses that profit troughed in the first quarter and will continue to recover.
Master Style PCLDao Securities raised target price and upgraded to buy on higher profit forecast