At the end of the morning session on Wednesday, the share price of Maguro Group Public Company Limited (mai: MAGURO) gained 2.79% or THB 0.50 to THB 18.40, with a trading value of THB 47.16 million.
Finansia Syrus Securities (FSS) has released its outlook for MAGURO, projecting a net profit of THB 39 million for the second quarter of 2026. This represents an increase of 13% quarter-on-quarter and 20% year-on-year, driven primarily by the positive impact from new branch openings.
Margins are expected to improve slightly compared to the previous quarter, with the view that the company has already passed its lowest point for the year in the first quarter of 2026.
Branch expansion is anticipated to accelerate in the second half of 2026, particularly highlighted by the launch of Kaiten Sushi Ginza Onodera in July, which is expected to provide a positive sentiment for the company.
Finansia continues to forecast net profit growth of 11% year-on-year for 2026. At present, MAGURO is trading at a 2026 price-to-earnings ratio of only 13.7x. The brokerage reiterates its ‘Buy’ recommendation, with a target price of THB 26.00 per share.
