Central Pattana stock gets an upbeat THB 80 target from Pi Securities

Published on 10/06/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Central Pattana stock posted Q2 2026 revenue of THB 13,846.02 million and net income of THB 4,750.44 million. Pi Securities cited 86 percent occupancy at a new Khon Kaen campus.

CPN, TH0481B10Z00, Illustration mit AI erstellt.

Central Pattana (ISIN TH0481B10Z00) was last at THB 62.00 on the SET on October 6, 2026, down 0.40 percent, as Pi Securities reiterated a Buy rating and a THB 80.00 fair value after a Khon Kaen site visit. The target stands 29.0 percent above the share price, putting the brokerage view against a market capitalization of THB 278.3 billion.

Khon Kaen supports the target

According to Kaohoon International on October 6, 2026, Pi Securities based its view on properties visited between October 1 and October 2. Central Khon Kaen Campus opened on May 20 with 20,000 square meters of leasable area and an occupancy rate of 86 percent.

The original Central Khon Kaen center has 47,000 square meters of leasable space and an occupancy rate of 97 percent, according to the same Kaohoon International report. The new campus briefly affected visitor traffic at the older mall before activity returned to normal, while recent flooding did not lead to closures.

Quarterly earnings add support

Central Pattana's Q2 2026 revenue was THB 13,846.02 million and net income was THB 4,750.44 million, according to Investing.com. Revenue declined 2.12 percent from the prior quarter, while the latest quarterly net income remained above THB 4.7 billion.

Development activity adds another operating data point. The 583-unit Phyll condominium project carried a value of THB 1.7 billion and sold out in five days, with transfers scheduled to begin in late 2028, Kaohoon International reported on October 6, 2026.

Stock remains below the target

CPN stock traded between THB 61.75 and THB 63.25 on October 6, 2026, with volume of 11,722,590 shares. Its 52-week range was THB 49.00 to THB 70.50, leaving the latest price THB 8.50 below the yearly high.

The next valuation checkpoint is scheduled for November 19, 2026, when Central Pattana is listed for a Q3 2026 earnings release on its company calendar.