0129 GMT - CP ALL's 2Q earnings momentum is likely to be strong, UOB Kay Hian's Tanapon Cholkadidamrongkul says and maintains the stock's buy rating. This growth will probably be driven by margin expansion, continued strength in the convenience store segment, and profit contribution from subsidiary CP Axtra, the analyst says in a research report. The Thai company's 2Q topline is expected to grow 2.5% on year, thanks to new store sales contributions from 7-Eleven convenience stores, Makro wholesale, and Lotus's retail stores. However, the brokerage lowers the stock's target price to THB63.00 from THB79.00 to reflect its reduced target price-to-earnings for CP ALL. Shares closed 2.8% higher at THB46.00 on Tuesday. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 15, 2025 21:29 ET (01:29 GMT)
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