KCE jumps 7% on Q2 profit growth of 51%; brokers raise target to 58 baht

EarningsAnalyst
โดย Kaohoon·TH·Read original
Summary · why it matters

KCE shares surged 6.74% to 47.50 baht after reporting second-quarter net profit for fiscal 2026 of 276 million baht, up 51% from a year earlier and 28% above market expectations, helped by foreign exchange gains of about 50 million baht and a 9% rise in revenue to 3.57 billion baht. Krungsri Securities raised its target price to 58 baht from 50.50 baht and maintained a buy rating, while Phillip Securities lifted its target to 48 baht and kept a gradual accumulation recommendation. Both brokers expect product price increases from the third quarter to support continued profit growth in the second half.

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