3 Household Product Stocks Advance this Morning, Boosted by Thailand’s Reopening
Three commerce stocks, HMPRO, GLOBAL, and DOHOME, all posted gains on the back of the country's reopening and the need to repair flood-damaged homes
Three commerce stocks, HMPRO, GLOBAL, and DOHOME, all posted gains in the morning session of Friday, October 8, 2021, owing to the country’s reopening and the need to repair flood-damaged homes.
As of 10:49 local time in Thailand, the share price of Home Product Center Public Company Limited (HMPRO) rose ฿0.50/share or 3.62% to ฿14.30/share, with a trading value of 398 million baht.
The share price of Siam Global House Public Company Limited (GLOBAL) rose ฿0.40/share or 1.86% to ฿21.90/share, with a trading value of 204 million baht.
The share price of Dohome Public Company Limited (DOHOME) rose ฿0.25/share or 0.99% to ฿25.50/share, with a trading value of 79 million baht.
DBS Vickers (Thailand) Securities (DBSVS) anticipated a strong fourth-quarter recovery for HMPRO, as Thailand reopened to tourists from October 1, 2021. Additionally, HMPRO will benefit from flooding because once the water recedes, the need to repair the houses will arise. DBSVS has given a target price of HMPRO of 16.00 baht per share.
