Land and Houses recommends buying CHG with a target of 1.91 baht and CPALL with a target of 64 baht

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โดย ทันหุ้น·TH·Read original
Summary · why it matters

Land and Houses Securities issued an analysis recommending the purchase of two stocks, CHG and CPALL. For CHG, it sets a target price of 1.91 baht, with support estimated at 1.48 and 1.52 baht and resistance at 1.7 and 1.8 baht. It views the prospect of an adjustment to the social security reimbursement rate as an additional positive factor for profit forecasts, though clarity on the rate and the timing of its implementation is still awaited. It also expects third-quarter 2026 profit trends to recover both year on year and quarter on quarter, driven by the arrival of the high season for seasonal diseases, higher service utilisation, and the beginnings of a recovery in revenue from foreign patients. Meanwhile, losses at Mae Sot Hospital are trending lower, helping to support the profit recovery in the second half of 2026. For CPALL, it recommends buying with a target price of 64 baht, estimating support at 45 and 46 baht and resistance at 48.5 and 49.5 baht. It expects same-store sales growth in the third quarter of 2026 to be positive on a quarter-to-date basis, supporting solid growth in the ready-to-drink beverage segment thanks to hot weather, while the impact of the Thai Plus project is limited and the rising share of higher-margin ready-to-drink and ready-to-eat products helps drive net margin expansion year on year. It expects third-quarter 2026 profit to slow quarter on quarter as the low season sets in, but to grow year on year, supported by collaboration campaigns and store expansion, with an additional boost from the continued recovery in Chinese tourists that should carry growth momentum into the high season in the fourth quarter of 2026.

Impact on stocks 2

Health Care▲ · 1 stocks
Chularat Hospital Public Company Limited
CHG
▲ PositiveCapitalrelevance

Land and Houses Securities recommends buying CHG with a 1.91 baht target price, citing a potential social security reimbursement rate hike and Q3 2026 profit recovery.

Digital Finance & Tokenization▲ · 1 stocks
CP ALL Public Company Limited
CPALL
▲ PositiveCapitalrelevance

Land and Houses Securities recommends buying CPALL with a 64 baht target price, expecting positive same-store sales and year-on-year profit growth.

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