Shares of Central Retail Corporation, or CRC, rose 6% after InnovestX Securities said same-store sales growth accelerated to 4% in September from 1.5% in July and August. It expects same-store sales growth in the third quarter to be the most outstanding in the retail sector, while the company's flood-related impact has been limited, leading it to expect strong third-quarter profit growth. The main supporting factors are same-store sales growth, improving margins, and the weaker baht, which boosts revenue from its Vietnam business.
Central Retail Corporation Public Company LimitedInnovestX flags strong Q3 profit growth on accelerating same-store sales, improving margins, and weaker baht boosting Vietnam revenue.
