CPN Surges 9% as the Fundamental Remains Strong, Analyst Recommends to “BUY” at TP ฿50

The share of Central Pattana Public Company Limited (CPN) today closed at ฿49.50/share, rose ฿4.25/share or 9.39%. Reached its highest level at ฿50.25/share with the total trading value of ฿980,604 million.

 

DBS Vickers Securities (Thailand) recommends “BUY” at a target price of ฿50/share, although CPN would be affected by the covid-19 outbreak, DBS Vickers believes CPN will survive amid the crisis and expects to normalize next year. In addition, CPN is the leader of 34 shopping centers that generate strong cash flow with a strong balance sheet.