0540 GMT - PTG Energy's Punthai Coffee business is poised to improve profitability, thanks to its decision to reduce price discounts, ttb wealth securities' Yupapan Polpornprasert says in a research report. Despite reductions in price discounts since November, same-store sales growth has stayed robust at 30%-40% in 4Q, with continued Max Card membership renewals, the analyst says. Punthai Coffee, the Thai company's key non-oil business, continues to expand, with more franchise openings alleviating capital-expenditure and selling, general, and administrative expense burdens. The brokerage upgrades the stock's rating to buy from hold and raises the target price to 11.50 baht from 7.90 baht. Shares are 1.8% higher at 8.65 baht. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 31, 2026 01:40 ET (05:40 GMT)
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