In today’s briefing:
- Home Product Center (HMPRO TB): Return To Growth
Home Product Center (HMPRO TB): Return To Growth
- Home Product Center (HMPRO TB) is a play on improving Thailand consumer sentiment driven by easing inflation, formation of new Thai government, and continued return of tourists.
- The company is expected to open 10 new stores in 2023, a major pick up in growth from only 1.7% sales CAGR in 2017-2023.
- Strong track record of management in execution and reputation. Valuation also reasonable.
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