Berli Jucker's Outlook This Year Seems Weaker Than Expected -- Market Talk

Dow Jones05-04 15:06

0706 GMT - Thai conglomerate Berli Jucker's outlook this year seems weaker than expected, says UOB Kay Hian's Tanapon Cholkadidamrongkul in a note. Its 1Q earnings may have dropped 1% on year given weaker modern trade sales and a softer consumer segment, he says. A subdued modern retail segment is likely to weigh for the rest of the year, he says, noting that same-store sales growth in April remained negative. Gross margin for the consumer business is also likely to narrow given rising costs of some materials such as palm oil and plastic packaging, he adds. UOB Kay Hian cuts its rating to hold from buy and reduces its target price to 15.50 baht from 18.00 baht. Shares last closed 0.7% lower at 14.10 baht.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 04, 2026 03:06 ET (07:06 GMT)

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