Report: Same-store sales growth in Thailand's retail industry expected to improve

Suttatip Peerasub of Maybank Securities stated in a report that same-store sales growth in the Thai retail industry is expected to receive support from some favorable factors. The analyst pointed out that same-store sales growth in the industry in the months of April and May showed significant improvement compared to the first quarter. The analyst noted that with the rise in oil prices, the industry benefited from increased demand for building materials and food due to concerns about potential supply shortages and price increases. Moshi Moshi Retail Corp. remains the top pick for the brokerage firm, with strong brand assets, excellent product sales execution, and outstanding profit potential expected to sustain strong growth. The brokerage firm has a buy rating on the stock with a target price of 52.00 Thai Baht; the stock is currently down by 0.7% at 37.25 Thai Baht.