Accessible version Central Retail Corporation A solid beat, with margins doing the heavy lifting Maintain Rating: BUY | PO: 28.50 THB | Price: 25.75 THB Strong 2Q26 beat; raising earnings and PO CRC reported strong 2Q with net income of Bt2.0bn (+79% YoY). Excluding extraordinary items (i.e. derivative gains/losses, dividend income, insurance claims for Hat Yai floods), core NPAT was Bt1.9bn (+41% YoY), while like-for-like core profit excluding Rinascente doubled YoY. The result was well above our Bt1.4bn e ...