HomePro stock outlook improves as InnovestX sees stronger Q4

Published on 10/30/2026 at 02:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HomePro stock enters the final quarter with improving operating signals. InnovestX Research expects earnings to strengthen after a seasonally softer third quarter.

Operative Signale und Ausblick

InnovestX Research bewertet das dritte Quartal 2026 als im Rahmen der Erwartungen.
Für Oktober meldet die Analyse eine deutliche Erholung der flächenbereinigten Umsätze bei HomePro und MegaHome.
Nach Überschwemmungen könnte die Nachfrage nach Reparatur- und Reinigungsprodukten den Jahresendspurt stützen.

HomePro, TH0661010007, Illustration mit AI erstellt.

HomePro stock is entering the final quarter with improving operating signals after a seasonally weaker third quarter. In a company update dated October 28, 2026, InnovestX Research said HomePro's third-quarter net profit was in line with its estimate and maintained an Outperform view.

Third-quarter result remains resilient

InnovestX reported third-quarter net profit of THB 1.32 billion, up 1 percent year on year but down 17 percent from the previous quarter. The sequential decline was mainly attributed to seasonality, while slightly higher sales and a wider gross margin supported the year-on-year improvement.

Revenue increased 1 percent year on year despite weaker same-store sales. Heavy rain, late-September flooding, delayed deliveries and fragile purchasing power weighed on store traffic. At the same time, the private-label mix increased, helping gross margin expand to 27.4 percent.

October points to a better finish

InnovestX estimated October same-store sales growth of 8 percent year on year for HomePro and 10 percent for MegaHome. The research firm linked the improvement to post-flood demand for home-repair and cleaning products in Bangkok and nearby provinces.

The company opened a hybrid-format store in Min Buri during the quarter, taking its total store count to 150. InnovestX expects fourth-quarter earnings to be the strongest of the year, supported by positive same-store sales, store expansion, a higher private-brand mix and stronger supplier rebates. The fading benefit from lower-cost inventory could partly offset those factors.

Risks remain tied to consumers

For investors, the analysis points to a recovery that still depends on purchasing power and the durability of post-flood demand. InnovestX also identified changes in government policy as a key risk. Its forecast is therefore based on improving operating trends rather than a guaranteed earnings outcome.