0309 GMT - Siam Wellness Group's strong earnings growth trajectory looks intact, Thanachart Securities' Nuttapop Prasitsuksant says in a research report as the brokerage maintains the stock's buy rating. The Thai spa chain operator's revenue growth should quicken to 18% in 2025, 17% in 2026 and 14% in 2027, from 13% in 2024, thanks to branch expansion and rising revenue per brand, the analyst says. The company has also diversified its customer base to reduce dependency on Chinese tourists and better capture the broader rebound in global tourism. However, the brokerage lowers its 2025 earnings forecast for the company by 4% to reflect slow Chinese tourism recovery. It trims the stock's target price to THB10.00 from THB11.00. Shares closed 2.9% lower at THB5.05 on Thursday. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 22:09 ET (03:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.