Kasikorn Securities has raised its profit forecast for Central Retail Corporation (CRC) by 13.5% for 2026 to 9.1 billion baht, maintaining a "Buy" recommendation with a target price of 33.00 baht. This follows second-quarter 2026 normalized profit of 1.9 billion baht, up 97% year-on-year but down 33% quarter-on-quarter, exceeding the research house's estimate by 36%, supported by a gross margin that was 1.3 percentage points higher than forecast. Management expects margins to continue expanding by 60-70 basis points in 2026, alongside sales growth of 2-3%, and has reduced its capital expenditure target to 11-12 billion baht from 13-15 billion baht previously, due to delayed investments in Thailand and project delays in Vietnam.
Central Retail Corporation Public Company LimitedBrokerage raised profit forecast and target price after strong Q2 earnings and margin expansion.
