Central Pattana Public Company Limited, or CPN, reported a second-quarter 2026 net profit of 4.75 billion baht, up 10 percent from the same period last year and above market expectations, driven by growing shopping mall revenue and strong gross margins. Krungsri Securities and Kasikorn Securities both maintained buy recommendations with target prices of 80.00 baht and 79.50 baht respectively, seeing continued profit growth from new projects, rental increases, and the high season for condominium transfers at year-end. Core profit for the first half of 2026 was approximately 9.6 billion baht, representing about half of the full-year estimates of both brokers, who expect profit to remain at a similar level in the second half despite no new project openings this year.
Central Pattana Public Company LimitedQ2 profit beat expectations, up 10% YoY, with buy ratings and target prices from two brokers.
