` MASTER (Master Style PCL) vs SET Index Comparison - Alpha Spread

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MASTER
vs
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SET Index

Over the past 12 months, MASTER has underperformed SET Index, delivering a return of -24% compared to SET Index's +28% growth.

Stocks Performance
MASTER vs SET Index

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MASTER
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Performance Gap
MASTER vs SET Index

Performance Gap Between MASTER and SET
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Performance By Year
MASTER vs SET Index

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Competitors Performance
Master Style PCL vs Peers

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Master Style PCL
Glance View

Market Cap
2.8B THB
Industry
Health Care

Master Style PCL is a Thai healthcare and beauty company best known for cosmetic surgery and aesthetic services. It runs clinics and medical centers where customers go for procedures such as facial surgery, body contouring, skin treatments, and other appearance-related services. The company also sells related treatment packages and aftercare services that support these procedures. Its main customers are individual consumers who pay out of pocket for elective treatments, especially people looking for cosmetic changes or non-urgent beauty care. Master Style makes money by charging for doctor-led procedures, clinic services, consultations, and packaged treatment plans. In practice, it sits between medical specialists and retail customers, turning elective healthcare into a branded service business. What makes the business different is that it depends more on consumer demand for elective beauty and wellness than on insurance or hospital reimbursement. That gives it a mix of healthcare discipline and retail-style marketing, since customers often choose the company based on brand, trust, convenience, and perceived expertise rather than on medical necessity alone.

MASTER Intrinsic Value
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