On Monday at 2:09 PM (Bangkok time), the share price of Neo Corporate Public Company Limited (SET: NEO) jumped 6.86% or THB 1.40 to THB 21.80, with a trading value of THB 56.51 million.
Finansia Syrus Securities (FSS) expects NEO to post a standout second-quarter 2026 net profit of THB 197 million, representing a 106% increase quarter-on-quarter and a 145% rise year-on-year. This figure exceeds previous estimates by 45%.
The strong outperformance is attributed to benefits from the ‘Thai Chuay Thai Plus’ scheme, a reduction in essential oil costs, production process adjustments, and a decrease in the launch of new products. Revenue has continued to show robust growth, while export sales have begun to recover on a quarter-on-quarter basis.
Finansia has revised NEO’s full-year 2026 profit forecast upward by 27%, now projecting to reach THB 541 million, a slight decrease of 4% year-on-year.
While Q3 profit may soften quarter-on-quarter due to depreciation costs from a new factory, the company is still expected to record year-on-year growth. The dividend yield is anticipated to be no less than 4.4% and could reach as high as 6.6%.
As a result, Finansia maintains a ‘Buy’ recommendation for NEO, with a target price of THB 23.50 per share.
