0534 GMT - CP ALL's record-high profit is likely to persist on the repositioning of its core business, Thanachart Securities' Phannarai Tiyapittayarut says in a research report. Its 7-Eleven business was repositioned again in 2025 with a new store concept All Grocer's, the analyst notes. All Grocer's sells food and nonfood household products in response to changing customer behavior to shop near home. Together with its 7Delivery service and ongoing launches of high-margin ready-to-eat and ready-to-drink products, spending should rise and support the company's same-store sales growth. The brokerage keeps the stock's buy rating, but lowers the target price to THB60.00 from THB64.00, using a 2026 base year. Shares are 1.15% higher at THB44.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 30, 2026 00:34 ET (05:34 GMT)
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