On Monday at 11:43 AM (Bangkok time), the share price of Home Product Center Public Company Limited (SET: HMPRO) increased by 5.49% or THB 0.50 to THB 9.60, with a trading value of THB 568.18 million.
Siam Global House Public Company Limited (SET: GLOBAL) surged by 2.68% or THB 0.40 to THB 15.30, with a trading value of THB 64.16 million.
Dohome Public Company Limited (SET: DOHOME) grew by 2.73% or THB 0.30 to THB 11.30, with a trading value of THB 79.87 million.
Tipco Asphalt Public Company Limited (SET: TASCO) rose by 1.78% or THB 0.30 to THB 17.20, with a trading value of THB 199.49 million.
The Union Mosaic Industry Public Company Limited (SET: UMI) soared by 20.29% or THB 0.14 to THB 0.83, with a trading value of THB 7.03 million.
Innovest X Securities mentioned that HMPRO was receiving favorable sentiment due to the renovation of homes after the flood in Northern Thailand. Despite expectations of the company’s 3Q24 earnings hitting a yearly low due to an anticipated drop in Same-Store Sales (SSS), the impact would be counteracted by branch expansion and improved margins. It was forecasted that profits would peak in 4Q24.
On the other hand, Finansia Syrus Securities (FSS) foresees TASCO benefiting from a temporary positive sentiment as a result of the escalating flood situation in Northern Thailand. If the flood damage extends to the upper central region, TASCO stands to gain from the repair of macadamized roads due to the heightened demand for asphalt.
The analyst predicts that TASCO’s overall profit prospects in the second half of 2024 will be more robust than the first half, driven by the allocation of the FY2024 budget in 3Q24. Additionally, there is an expectation that the FY2025 budget will not face significant delays as seen the previous year. FSS recommends a ‘Speculative-buy’ rating for TASCO, with an average target price of THB 18.57 per share as per the IAA consensus.
