Berli Jucker's Earnings Uptrend Likely Started in 2Q -- Market Talk

0602 GMT - Berli Jucker's earnings uptrend likely started in 2Q, UOB Kay Hian's Tanapon Cholkadidamrongkul says in a research report. The conglomerate's 2Q core profit is expected to increase 13% on-year, driven by sales growth and margin expansion, marking the first positive on-year growth over the past five quarters, the analyst says. Its packaging business' sales should grow 30% in 2Q, thanks to drivers including an estimated 15% growth in Thailand glass sales. Also, the Thai company began consolidating cash-and-carry retailer Mega Market Vietnam from mid-May, a move that likely led its sales to grow 10% in 2Q. The brokerage raises the stock's rating to buy from hold and the target price to 18.00 baht from 15.50 baht. Shares last closed at 16.20 baht. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 29, 2026 02:02 ET (06:02 GMT)