The impact of the Middle East conflict on Central Plaza Hotel looks manageable, thanks to good cost control and operating leverage, ttb wealth securities' Siriporn Arunothai says in a research report. The hotel and restaurant company has a strong EPS growth outlook of 9% in 2026, 17% in 2027, and 15% in 2028, driven by rising occupancy in new hotels that opened in 2024-2025, postrenovation reopenings, and growth in the food business. Earnings for the food business are likely to continue increasing, supported by factors including growth in owned and joint venture brands. The brokerage raises the stock's target price to 43.00 baht from 41.00 baht with an unchanged buy rating. Shares are 1.3% lower at 36.75 baht. (ronnie.harui@wsj.com)