CP Axtra Faces 4Q Earnings Hit From Hypermarket Business -- Market Talk
Dow Jones
Jan 21
0539 GMT - CP Axtra faces a 4Q earnings hit from Lotus's, its hypermarket business, Thanachart Securities' Phannarai Tiyapittayarut says in a research report. The key drag for the Thai operator of wholesale and retail businesses is from Lotus's, for which the brokerage forecasts a 70bp gross-margin contraction in 4Q because of falling sales. Thanachart Securities cuts its 2025-2028 earnings estimates for CP Axtra by 10%-19%, owing to factors including the delay in the launch of its Happitat commercial property project. The brokerage cuts the stock's rating to hold from buy and the target price to THB16.00 from THB25.00. Shares are 1.3% higher at THB15.20. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 21, 2026 00:39 ET (05:39 GMT)
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