3Q26E Net Loss Expected on One-Off Store Closure Costs
One-off expenses exceeding forecast 3Q26E core profit of Bt1.8bn (-2% YoY and QoQ) should result in a Bt64mn net loss. We downgrade our rating to...
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SET Index Outlook
Thai electronics stocks continue to benefit from global technology gains, although prices increasingly reflect an Al valuation premium. Oil supply...
86 Views
CP AXTRA Plc. (CPAXT): 2Q26 NP Fell YoY/QoQ, Below Forecast on Higher-Than-Expected Expenses - Neutral (12M FWD Fair Value Bt16.20)
2Q26 profit fell 18% YoY and 33% QoQ. We expect 3Q26E profit to remain weak YoY as Thai Chuay Thai Plus weighs on B2C for a full quarter, while...
96 Views
SET Index Outlook
Flooding caused by persistent rain across 25 central provinces, including Bangkok, could temporarily disrupt economic activity, although it is far...
90 Views
CP AXTRA Plc. (CPAXT): 2Q26E Net Profit Expected to Fall 12% YoY and 28% QoQ – Neutral (12M FWD Fair Value Bt16.20)
Weak consumer spending and the Thai Chuay Thai Plus scheme, which is expected to have a greater negative impact on retail than its benefit to...
98 Views