Shares of Central Retail Corporation Public Company Limited, or CRC, rose 11.65% after it reported second-quarter 2026 net profit of 2.0 billion baht, up 79% from the same period last year but down 27% from the previous quarter. The share price stood at 28.75 baht, up 3.00 baht, after touching an intraday high of 29.00 baht, with trading value of 581.65 million baht. Pi Securities recommended buying with a target price of 29 baht, saying profit beat both its research team's and the market's expectations, driven by better-than-expected gross margin expansion and same-store sales growth of 1%. Asia Plus Securities said profit came in 37% above market expectations, maintained its speculative buy recommendation, and set a 2027 target price of 27.50 baht, expecting third-quarter 2026 profit to continue growing well year-on-year and fourth-quarter 2026 profit to rise both quarter-on-quarter and year-on-year thanks to the high season.
Central Retail Corporation Public Company LimitedQ2 net profit up 79% YoY, beating expectations, with analyst buy ratings and target prices.
