Yuanta set THB 9.50 target for Siam Global House stock

Published on 10/20/2026 at 04:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Yuanta set a THB 9.50 target on October 15, 2026. Siam Global House stock is forecast to earn THB 534 million in third-quarter 2026.

October estimates reset the picture

Yuanta set a THB 9.50 target for Siam Global House on October 15, 2026.
Third-quarter 2026 earnings are forecast at THB 534 million, up 35.3 percent year over year.
Siam Global House had a market capitalization of THB 37.8 billion as of October 19, 2026.

Global, TH0991010008, Illustration mit AI erstellt.

Siam Global House (ISIN TH0991010008) received a THB 9.50 target from Yuanta on October 15, 2026, according to Hoonvision. The forecast combines a weaker sales outlook with higher expected margins from house-brand products. For investors, the margin assumption is the central part of the new valuation case.

What does the target mean?

Yuanta expects normal third-quarter 2026 earnings of THB 534 million, down 44.0 percent from the second quarter but up 35.3 percent from the same quarter a year earlier, Hoonvision reported on October 15, 2026. Revenue is forecast at THB 7.30 billion, down 2.0 percent year over year, while gross margin is expected to reach 28.0 percent, 1.50 percentage points above the prior-year quarter.

The counter-factor is demand. Yuanta expects same-store sales to fall 5.0 percent year over year as seasonal construction activity and domestic purchasing power weigh on revenue. The forecast also assumes continued benefits from house-brand products and lower financing costs.

Three forecasts in October

On October 6, 2026, KGI Securities forecast third-quarter earnings of THB 402 million, up 3.0 percent year over year, and set an end-2027 target of THB 7.80, according to Kaohoon International. On October 14, 2026, Finansia Cyrus forecast normal third-quarter earnings growth of 27.5 percent year over year and retained a THB 8.30 target, as reported by MakeMoney Insight.

Yuanta's October 15 forecast was the latest of the three and used a higher target than the two earlier estimates. Its assumptions also included a 13.5 percent to 13.6 percent increase in normal earnings estimates for 2026 and 2027.

Dates for the next update

Siam Global House has scheduled an Opportunity Day for third-quarter 2026 on November 10, 2026, according to the company's investor-relations page at Siam Global House. The event is listed for 4:15 p.m. to 5:00 p.m. Thailand time and should provide the next direct update on sales, margins and store expansion.

Thailand valuation context

Siam Global House was last at THB 6.75 on the SET on October 19, 2026 at 4:36 p.m. ICT. The company therefore enters the next reporting milestone with several broker earnings scenarios, ranging from 3.0 percent to 35.3 percent year-over-year growth for the third quarter.