Brokers say Max Valu deal supports CRC's long-term growth

M&A · PartnershipAnalyst
โดย InfoQuest·TH·Read original
Summary · why it matters

Brokers are recommending buying shares of Central Retail Corporation, or CRC, after it announced a deal to acquire Max Valu, supporting the expansion potential of its Tops group businesses and offering investment value because it can increase the ability to expand branches quickly, supporting the business's medium- to long-term potential. In addition, in the second half of the year, same-store sales trends have started to turn positive again, and gross margin trends have begun to rise again thanks to cost management and a focus on selling own-brand products. CRC's latest share price surged 13.59% to 29.25 baht, an increase of 3.50 baht. Brokers recommending a buy include UOB Kay Hian with a target price of 30.00 baht, Pi at 29.00 baht, Yuanta at 28.25 baht, Asia Plus at 27.25 baht, Tisco at 27.00 baht, and Kasikorn at 26.70 baht.

Impact on stocks 3

Consumer Discretionary · 1 stocks

Off-coverage companies 1

AEON (Thailand) Co., Ltd. (Max Valu)Private▲ Positive
Capitalrelevance

Max Valu is acquired by CRC, which is positive for Max Valu as it gains backing for expansion.