0308 GMT - CP All is set for steady profit growth in 2025 and 2026, underpinned by continued recovery in Thai consumption, says DBS Group Research's Nantika Wiangphoem in a note. She expects the Thai convenience-store retailer's various store formats to post strong financial performances this year, thanks to decent same-store sales growth across all business units, store expansion and good product variety. Gross margins are estimated to expand 20-25 bps across all units. The analyst remains bullish on the stock thanks to its strong earnings momentum and defensive appeal. DBS maintains its buy rating and THB69.00 target. Shares are last at THB47.25. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 23:08 ET (03:08 GMT)
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