Moshi Moshi Retail Corp.'s Growth Trajectory Likely Still Widening — Market Talk

Moshi Moshi Retail Corp.'s growth trajectory is likely still widening, CGS International's Chaiyatorn Sricharoen says in a research report. Its same-store-sales growth remains healthy, its product newness is driving repeat visits, and the lifestyle retailer is only beginning to broaden its growth platform beyond malls and hypermarkets, the analyst says. The Thai company's standalone stores are shifting to scalable format, with sales per store already close to hypermarket stores and lower rent supporting profitability. The brokerage increases its 2027 and 2028 net-profit estimates for the company by 1.5% and 3.6%, respectively. It raises the stock's target price to 46.25 baht from 45.50 baht, with an unchanged add rating. Shares are 2.0% lower at 36.25 baht. (ronnie.harui@wsj.com)