On Friday at 2:04 PM (Bangkok time), the share price of Siam Global House Public Company Limited (SET: GLOBAL) rose by 3.73% or THB 0.25 to THB 6.95, with a trading value of THB 151.02 million.
Dohome Public Company Limited (SET: DOHOME) gained 8.57% or THB 0.30 to THB 3.80, with a trading value of THB 200.61 million.
Home Product Center Public Company Limited (SET: HMPRO) soared by 3.13% or THB 0.20 to THB 6.60, with a trading value of THB 319.24 million.
Asia Plus Securities wrote that the construction materials retail sector experienced an upward movement, primarily driven by expectations of strong second-quarter 2026 earnings, which could potentially be the peak for the year. The key factor is an increase in profit margins, as companies have raised their selling prices to reflect higher costs associated with heightened tensions in the Middle East.
Additionally, some of the inventory still consists of lower-cost stock, resulting in the average cost of goods for these businesses rising at a slower pace than the selling prices. This dynamic may lead to margins increasing by approximately 20% in 2Q26.
Sales in Q2 are expected to show improvement, as indicated by a reversal in same-store sales growth (SSSG) for the sector during April and May. This is an improvement after a negative SSSG in the first quarter and is supported by customer groups in provincial areas, particularly farmers who are currently in the harvest season.
Furthermore, smaller construction materials retailers have utilized the ‘Thai Chuay Thai Plus’ scheme to purchase products from larger stores in advance, further supporting the positive outlook for companies in the sector for 2Q26. The top picks in the group, according to Asia Plus, are DOHOME and HMPRO.
