บทวิเคราะห์ (Research)

Given possibly weak consumption due to poor economic conditions and seasonality, CPAXT’s earnings may be unattractive over the next two quarters, before picking up in its peak season in the fourth quarter. We assign a discounted PER to reflect the weak outlook. Our new end-2025F target price of Bt23.00, from Bt30.00, still offers 19% upside, so we rate the counter