DOHOME Increases 3.5% amid Positive Momentum in Business Expansion in 2021-22

The share price of Dohome Public Company Limited (DOHOME) closed the morning session on April 1, 2021, at ฿20.70/share, increased ฿0.70/share or 3.50% with a trading value of 547 million baht.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Dohome Public Company Limited (DOHOME) with a target price at ฿22.00/share.

FSS upgraded DOHOME’s target price to Bt22 and 2021-2022 net profit forecast to 75.30% and 19.50%, respectively. DOHOME’s 1Q21 earnings are expected to reach an all-time high at 359 million baht (+67% Q-Q, +102.8%) from a 17% SSSG growth as construction starts to resume.

Moreover, the company would benefit from higher margin of its products and the new branch expansion in Laem Chabang to support DOHOME’s sales