MASTER STYLE Plc. (MASTER): Earnings To Recover In 4Q25E On Seasonality
MASTER’s 3Q25 net profit dropped 18% QoQ and 60% YoY to Bt43mn, 6% below our estimate due to higher-than-expected service costs.
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MASTER STYLE Plc. (MASTER): When Beauty Can Wait…
We maintain a Buy rating as the stock remains fundamentally attractive, with 19% upside to the new fair value (FV) of Bt14.80, revised down from...
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MASTER STYLE Plc. (MASTER): Weak 2Q25 Earnings; Eyes On 4Q25E
We maintain a Buy rating as the share price still implies 38% upside compared to the new fair value (FV) of Bt18.30 (previously Bt17.20).
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Master Style - Multiple Negative Factors Persist, but Largely Priced In
We upgrade our rating to Buy (previously Outperform), as the sharp decline in the share price over the past two weeks appears to overly reflect...
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Master Style - 1Q25 Margin Pressure More Severe than Expected
We maintain our Outperform rating, supported by a strong EPS growth outlook at a CAGR of 11.7% over the next two years, compared to the industry...
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