Neo Corporate Pcl

BASF SE has announced a strategic partnership with NEO Corporate Public Company Limited to develop innovative solutions in the personal care industry. The collaboration will focus on delivering advanced formulations, ingredient technologies and emerging trends, combining BASF's expertise in ingredient and formulation science with NEO Corporate's understanding of consumer preferences and product development. The companies aim to convert emerging consumer trends into differentiated solutions that help brands create greater value and identify new growth opportunities. BASFY's shares have gained 9.9% over the past year compared with the industry's 3.7% rise.

KGI Securities Thailand upgraded NEO to a buy from hold and raised its target price to 26.70 baht from 21.20 baht, after the company lifted its sales growth target to double digits from a previous expectation of mid-to-high single digits. First-half 2026 sales grew 12%, and July sales momentum remained strong, with revenue up 24 to 25% year on year, accelerating from 18% growth in the second quarter. The company also raised prices on some products by about 4 to 5% in July and increased its gross margin target to 37 to 39% from 36 to 38%, thanks to good cost management despite still-high surfactant and packaging costs. KGI raised its 2026 profit forecast by 12% to 648 million baht, implying 15% growth, and its 2027 forecast by 13% to 729 million baht, implying 13% growth. It expects third-quarter 2026 profit to improve both year on year and quarter on quarter, driven by strong sales growth and still-high margins.

Several mid- and small-cap stocks reported standout second-quarter profit growth. UNIX posted net profit of 117 million baht, up 244%, driven by sales of flexible film packaging and heavy-duty packaging. BLAND reported net profit of 193.11 million baht, up more than 100%, from property transfers and rental service income. NEO earned 209 million baht, up 161%, on market share gains in consumer products. NCAP posted a record profit of 196 million baht, up 34%, from expanding motorcycle hire-purchase lending. TKC earned 88 million baht, up more than threefold, from its AI cloud data center and cyber security business, with a backlog of 3.40 billion baht. TKN posted profit of 118 million baht, up 37%, and announced an interim dividend of 0.14 baht per share.

Neo Corporate Public Company Limited, or NEO, reported second-quarter net profit for 2026 of 209 million baht, up 161.3% from the same period last year and 120.0% from the previous quarter. Total sales reached 3.05 billion baht, up 18.0% from a year earlier, marking the company's highest quarterly sales on record. Growth was supported by government economic stimulus measures, positive reception of new products, and success in the Vietnam market through online channels. The household products segment grew 22.9%, the personal care segment grew 22.3%, and the baby care segment returned to growth of 6.1% from a year earlier. The company has raised its 2026 sales growth target from the previous 6 to 8% to double-digit growth, with plans to open phase one of its household products factory in the fourth quarter and launch more than 200 new SKUs throughout the year.

Dao Securities stated that Neo Corporate Public Company Limited, or NEO, reported a second-quarter 2026 net profit of 209 million baht, up 159% from a year earlier and 119% from the previous quarter, the highest level in five quarters. The result was supported by a 22% increase in domestic sales from the Thai Chuay Thai Plus scheme and a lower selling and administrative expense-to-sales ratio due to fewer new product launches and relaunches. The broker maintained its 2026 net profit forecast at 566 million baht, up 1% from the previous year, and kept a buy recommendation with a target price of 27.00 baht, based on a 2026 price-to-earnings ratio of 14.5 times. It views that earnings have passed their trough and that the current valuation does not yet reflect the recovery in purchasing power both domestically and internationally.