Equity Analysis /
Thailand

TH : Dohome - SSSG momentum stays robust

    Chaiyatorn Sricharoen
    Chaiyatorn Sricharoen

    Research Analyst, CFA

    CGS-CIMB
    25 March 2022
    Published by

    DOHOME’s YTD SSSG of 27-29% is positive and likely the highest in the sector. Robust SSSG appears to outweigh lower GPM from a change in sales mix. 1H22F net profit is unlikely to decline yoy as previously expected.