Equity Analysis /
Thailand

TH : Retail - 2Q22 recap

    Chaiyatorn Sricharoen
    Chaiyatorn Sricharoen

    Research Analyst, CFA

    Follow
    CGS-CIMB
    16 August 2022
    Published byCGS-CIMB

    Retailers that benefit from a return to normalcy post Covid-19 and recovery in tourism clearly outperformed peers in 2Q22. We believe re-opening plays will continue to deliver a robust performance in 2H22F on the back of an increasing number of foreign tourist arrivals. CPALL and CRC are our top picks.