บทวิเคราะห์ (Research)

(EN) MC : High Dividend Stock with Stable Growth We view Slightly positive from the analyst meeting, still a company with stable growth, and August SSSG momentum turned positive for the first time in a year, both from a low base and in-store Display improvements. This year's plan remains aggressive under the new CEO, focusing on online, while returning to open new branches under a capex budget that remains at low levels throughout the year, and still able to pay high-level dividends. We expect Div yield 9.6%. We maintain FY26F profit +5% yoy. We recommend "Buy" with TP26F 14.2 baht based on PER 14x.