บทวิเคราะห์ (Research)

2Q25 net profit is estimated to grow B6.8bn, falling 10%qoq but growing 9%yoy. Sales are expected to stay flat qoq. Compared with 1Q25 (qoq), same store sales (SSS) from 7-Eleven may still grow qoq, but sales from CPAXT (wholesale and retail businesses) may fall due to low season and weaker purchasing power. Also, SG&A is expected to rise qoq. Compared with 2Q24 (yoy), same store sales are expected to stay flat yoy, while sales will be driven by opening of new 7-Eleven and MAKRO and Lotus’s stores. Plus, gross margin is expected to rise yoy.