The share price of Mega Lifesciences Public Company Limited (SET: MEGA) rose 2.63% in the morning session on Monday to trade at THB 39.00 per share, following the positive sentiment in the market for its overseas business turnaround.
Maybank Securities (Thailand) expects MEGA’s profit in 2026 to grow by 13%, driven mainly by the Myanmar business, which is recovering after contracting over the past two years. Meanwhile, profits over 2025-2030 are expected to grow at an average CAGR of 9%, supported by capacity expansion.
In addition, dividend yields of 4-5% in 2026-2027, together with a 2026E P/E of 16.5x-below the industry average of 18.3x-should help limit downside risk for MEGA.
