CP Axtra Faces Earnings Hit from Weaker Wholesale, Retail Performance

Dow Jones07-10 10:28

0228 GMT - CP Axtra faces an earnings hit from weaker performance at its wholesale and retail businesses, UOB Kay Hian's Tanapon Cholkadidamrongkul says in a research report. The consumer goods company's key operating metrics were softer than expected in 2Q owing to decline in same-store-sales, lower gross margins, and an increase in the ratio of selling, general and administrative expenses to sales, the analyst says. CP Axtra's Thai business continued to weaken in 2Q, while its operations in Malaysia remained the key earnings support. The brokerage cuts its 2026 and 2027 earnings forecasts for CP Axtra by 3.4% and 0.4%, respectively. It trims the stock's target price to 14.50 baht from 14.80 baht, with an unchanged hold rating. Shares last closed at 14.90 baht. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 22:28 ET (02:28 GMT)

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CP Axtra's Thai business continued to weaken in 2Q, while its operations in Malaysia remained the key earnings support. The brokerage cuts its 2026 and 2027 earnings forecasts for CP Axtra by 3.4% and 0.4%, respectively. It trims the stock's target price to 14.50 baht from 14.80 baht, with an unchanged hold rating. Shares last closed at 14.90 baht. 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