MR. D.i.y. Holding (Thailand)'s 2H Earnings Expected to be Driven by New Stores
Dow Jones
Aug 12
0205 GMT - MR. D.I.Y. Holding (Thailand)'s 2H earnings growth is likely be supported by continued store expansion, UOB Kay Hian analyst Tanapon Cholkadidamrongkul says in a report. The home-improvement and lifestyle retailer's store expansion is on track, having secured locations and construction plans for 95% of its 2026 target of 210 new stores. The company's 2Q same-store-sales growth was down 1.2% on year, while growth in the first two weeks of July recovered to slightly positive, the analyst notes. UOB maintains a buy rating on the stock and target price of 11.00 baht. Shares closed at THB9.80.
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