Shining profit in the first curve, big 3 retail building materials GLOBAL – HMPRO

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Open Q1/22 profit of 3 construction material stocks, find GLOBAL with the strongest profit, while HMPRO has increased by more than 10%. Only DOHOME has contracted profits, but the brokers are still optimistic for all 3 companies. Expect from now on, they will benefit from opening the country as a stimulus. important

Thai e-finance news agency Compiled the 1Q16 earnings of 3 building materials trading stocks. which has been announced in full, found that there are 2 companies that have profitable growth compared to the same period of year 64, namely Home Product Center Public Company Limited or HMPRO and Siam Global House Public Company Limited or GLOBAL. Do Home Public Company Limited or DOHOME has decreased profits.

However, if surveying the view of analysts Most still view that these 3 companies still have good growth prospects in the future. from the economic recovery exposure to tourists that will help build confidence in the consumption sector But there are still factors that need to be monitored, such as the potential economic slowdown. The expansion of branches of each location that may not meet the goals or the problem of natural disasters or weak crop prices that may affect people’s income.

How about the first quarter results? Trends in the next period and what is the target price of the broker? The details are as follows.

stock name 1Q22 profit (million baht) change Target Price (Baht/Share)*
DOHOME 459.53 -15.40% 23.5-27
HMPRO 1,510.94 10.90% 17-18
GLOBAL 1,163.36 19.69% 26-27

* Information from Nomura Securities Pattanasin, Phillip Securities, KGI Securities, CGS-CIMB Securities , KTBST Securities

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Do Home Public Company Limited (DOHOME) reported earnings in the first quarter of 2016 found a profit of 459.53 million baht or a drop of 15.4% from a lower gross margin. from changing the ingredients of the product group and a decrease in the gross margin of the construction group and higher selling and administrative expenses

KGI Securities (SEC) has a view that the outlook for DOHOME in the second quarter may decline from the high base in the same period last year as higher steel prices increase DOHOME’s gross profit margin by 22.7. % in 2Q21, however, we believe that DOHOME’s earnings should continue to grow from branch expansion and house brand distribution strategies. The company maintains a year-end price target of Bt27 per share and still recommends a buy.

Home Product Center Public Company Limited or HMPRO reported the 1Q12 operating results with a profit of 1,510.94 million baht, an increase of 10.90% from the same period last year. This was a result of a good overall income. according to the recovery of consumption and tourism including government measures in the Shop Dee Mee Night project

In this regard, KGI Securities assesses HMPRO that it maintains its net profit margin for FY22 at 17% and FY16 at 15% and expects that HMPRO’s profit will increase compared to the same period last year in every quarter of the year. this As a result of the expectation that the number of tourists will return to 8 million, business activities are returning. It helps to boost consumer confidence and purchasing power. Including the real estate sector is recovering. The company maintains the target price at the end of this year at 17.50 baht and maintains a buy recommendation.

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Meanwhile, Siam Global House Public Company Limited or GLOBAL had a net profit of 1,163.36 million baht, an increase of 19.96% from the same period last year. This was a result of sales growth in both existing and new stores. especially from stimulating product sales and controlling operating costs. and including the share of the profits of Global House International – Global House Cambodia, which also entered

Phillip Securities sees GLOBAL that the same-store sales trend in April is still growing well. and the margin trend is improving plus the acceleration of more branches, especially in the second half of this year. Make Phillip Securities has revised earnings forecast to 3,810 million baht, a 14% increase from the same period last year. while the base price is at 27 baht and still recommend buying

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