0502 GMT - CP All's share price has likely been hit by environmental, social, and governance concerns, Thanachart Securities' Phannarai Tiyapittayarut says in a research report. These worries relate to the Thailand company's likely consideration to participate in planned management buyout of Seven & i Holdings in Japan, the analyst says. CP All's share price has fallen sharply since the news broke on Jan. 31, the analyst notes. Assuming CP All invests in a 5.6% stake and incurs Thailand-based funding cost of 4%, its net earnings impact is estimated at negative 7% in first year of such investment, the analyst adds. The brokerage lowers the stock's target price to THB63.00 from THB73.00 with an unchanged buy rating. Shares are 3.9% lower at THB49.75. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 00:02 ET (05:02 GMT)
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