Kingsford Securities highlighted in its analysis that Moshi Moshi Retail Corporation Public Company Limited (SET: MOSHI) receives a “Buy” recommendation with a target price in line with the IAA Consensus at THB 52.50.
Profit is expected to continue strong growth in the second half of 2025, particularly in the fourth quarter, which is the high season for consumer spending and could also benefit from economic stimulus policies.
Regarding its operational plan, the company targets revenue growth of 15-20% in 2025, while same-store sales growth (SSSG) is forecast to expand by 4-5%. MOSHI also plans to open 40 new branches in 2025 and another 30 branches in 2026.
Over the past three years, MOSHI has achieved an average profit growth rate of 16% and an average return on equity (ROE) of 24%. The IAA Consensus projects 2025 net profit at THB 638 million, a 23% increase from the previous year.
