The share price of Dohome Public Company Limited (DOHOME) rose ฿2.40/share or 13.71% to ฿19.90/share as of 15:42 local time in Thailand on Wednesday with a trading value of 1,102 million baht.
Capital Nomura Securities (CNS) gave a “BUY” recommendation on DOHOME with an upgraded target price to ฿20.00/share over an outstanding performance in 2020, seeing more aggressive strategy along with five new branches in the past year.
Meanwhile, SSSG (QTD) remained high at 17-19% YoY. Gross margin edged higher to 23-25% in line with its variety of products and the new branch at Laem Chabang, which opened in January 2021, that received an overwhelming response to the point of break even already. CNS expected DOHOME to report another record-breaking earnings in 1Q21.