DOHOME: Expect 4Q21 Earnings Grow Both YoY and QoQ

DOHOME: Expect Earnings Increase QoQ from Seasonal Factor

DOHOME : Expect 2Q22 Earnings to Be Six-Quarters Low

DOHOME: Expect Solid 3Q21 Earnings as Limited Impact from Lockdown

DOHOME: Expect 2Q21 Earnings to Hit the Record High

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

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Thai Equity - Bottom-up - Equities

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Equity Bottom-Up

<ul>
<li>Yesterday analyst meeting came out with a positive tone. DOHOME’s SSSG was at roughly +40%YoY in QTD. Steel products margin stable at roughly 17%-18% in 4Q21 close to 3Q21. </li>
<li>We expect DOHOME earnings to increase QoQ and YoY in 4Q21 supported by solid SSSG from solid construction materials demand, 2) demand from home renovation after a flood</li>
<li>We still like DOHOME for its 1) its store locations that aim to tap high spending customers, 2) store network expansion plan with +22%CAGR in the next three years</li>
</ul>


Yesterday analyst meeting came out with a positive tone. DOHOME’s SSSG was at roughly +40%YoY in QTD. Steel products margin stable at roughly 17%-18% in 4Q21 close to 3Q21. 
We expect DOHOME earnings to increase QoQ and YoY in 4Q21 supported by solid SSSG from solid construction materials demand, 2) demand from home renovation after a flood
We still like DOHOME for its 1) its store locations that aim to tap high spending customers, 2) store network expansion plan with +22%CAGR in the next three years


Dohome PCL

DOHOME: Solid SSSG Should Be Key Driver