CP All's 2Q earnings are likely to stay solid, driven by healthy same-store sales growth, store expansion, and stable gross profit margin, Maybank Securities (Thailand)'s Suttatip Peerasub says in a research report. The Thai convenience store chain operator's 2Q net profit should grow 15% on-year, with around 180 new stores added in the quarter, the analyst estimates. The company's disciplined control over selling, general, and administrative expenses and its lower interest costs are also expected to support earnings growth, the analyst adds. The brokerage maintains the stock's buy rating and target price of 60.00 baht. Shares are unchanged at 48.50 baht. (ronnie.harui@wsj.com)
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CP All's 2Q Earnings Likely to Remain Strong — Market Talk
CP All's 2Q earnings are likely to stay solid, driven by healthy same-store sales growth, store expansion, and stable gross profit margin, Maybank Securities (Thailand)'s Suttatip Peerasub says in a research report. The Thai convenience store chain operator's 2Q net profit should grow 15% on-year…