We maintain our 2026 net profit forecast at THB 7.3bn (-22% YoY). Although 9M26 profit accounts for 56% of the full-year estimate, we expect earnings to accelerate sharply in 4Q26, reaching the annual peak.
We maintain a "Trading" recommendation and a 2027 target price of THB 14.90 (based on a 15.6x PER, -1.0 S.D.).
CPAXT261109.pdf
Trading Login
0 2680 1000