MR. D.I.Y. Holding (Thailand) Set for Record 1Q Net Profit — Market Talk

About this update from Mr.d.i.y. Holding (thailand) Public Company Limited

MR. D.I.Y. Holding (Thailand) is likely to report a record 1Q net profit of 689 million baht, up 27% on year, thanks to its strong sales growth, gross margin expansion, and lower interest expenses, CGS International analyst Chaiyatorn Sricharoen says. The home improvement and lifestyle retailer's total sales should rise 21% on year during the quarter, largely due to its store expansion, the analyst says in a note. The company opened 66 new stores in 1Q. The brokerage maintains its add rating and target price of 10.50 baht on the stock. Shares last closed at 8.65 baht. ([email protected])

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