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MANILA, Philippines – Puregold Price Club Inc. is expected to post steady profit growth over the next two years as store expansion and higher contributions from its S&R business support earnings.
This is according to a report by First Metro Securities and DBS Bank, which forecast the retailer’s net income to rise by 6 percent to P12 billion in 2026 from P11.34 billion last year, before growing another 7.1 percent to P12.86 billion next year.
READ: Puregold Q1 profit surged 24% to P3.26B
The report reiterated a “buy” recommendation on Puregold and raised their 12-month target price to P60 per share from P49 previously, implying a potential upside of about 37 percent from its May 28 closing price of P43.85.
