Latest news with #CPAll
Bangkok Post
3 days ago
- Business
- Bangkok Post
CP All Advances Human-Centred Sustainability at GCNT Expo
At GCNT Expo 2025, CP All Public Company Limited, operator of 7-Eleven and 7-Delivery under Charoen Pokphand Group and a dedicated member of Global Compact Network Thailand (GCNT), unveiled its bold sustainability strategy aimed at accelerating collective progress towards the United Nations Sustainable Development Goals (SDGs). Held from 29–31 July 2025 at True Digital Park under the theme 'Forward SDGs Faster Together,' the three-day expo brought together stakeholders from the public and private sectors, civil society, and the sustainability community to foster collaboration, share scalable solutions, and catalyse inclusive impact. CP All's participation focused on its '3 Create' strategy, including Create People, Create Careers, and Create Caring Communities. Through this framework, the company continues to invest in education, lifelong learning, and entrepreneurship by providing employment to over 200,000 people, particularly among the elderly, vulnerable groups, and local communities. Its complementary '3 Give' model, comprising Give Distribution Channels, Give Knowledge, and Give Connection & Networks, empowers SMEs across Thailand by equipping them with the tools and support needed to thrive. At the heart of CP All's mission is its '24-Hour DNA of Goodness', a company-wide commitment to integrity and social responsibility embedded in every employee. This ethos aligns with the CP Group's guiding principle of delivering 'Three Benefits': for the country, for the people, and for the organisation. Among the highlights was an interactive showcase where students stepped into the roles of 7-Eleven store staff and delivery riders, giving them a glimpse into real-world responsibilities and inspiring them to see themselves as future changemakers. Nearby, the 7-Eleven SME Support Center offered customised business consultations for entrepreneurs, while the HR Corner provided career guidance, job application assistance, and internship registration opportunities with CP All. As the world grapples with increasingly complex challenges, ranging from climate change and inequality to social division, the key question facing all sectors, especially business, remains: What kind of world are we leaving for the next generation? One of the most thought-provoking sessions at the expo came from Manut Tang Wai, an intergenerational storytelling platform. Their talk, 'Doing Business with a Conscience: Profitable, Sustainable, and Built to Last,' underscored the urgent need for sustainability to become a core business strategy, not just a peripheral initiative. Two women sitting in chairs talking with microphonesAI-generated content may be incorrect. Key takeaways from the session included: A deeper understanding of Thailand's and the world's most pressing sustainability issues Practical, innovative solutions for accelerating SDG progress An expanded network of changemakers across business, government, youth, and civil society The session emphasised that sustainability must be human-centred, built on empathy, mutual respect, and cross-generational learning. Companies like CP All are leading by example, creating platforms where young people can learn from experienced mentors, and where established leaders can be re-inspired by the next generation's energy and ideas.
Business Times
13-06-2025
- Business
- Business Times
Maybank downgrades Thai retail sector on weak sales, consumption
[SINGAPORE] Maybank Investment Bank has downgraded Thailand's retail sector to 'neutral' amid weak consumption and falling same store sales growth (SSSG). The bank's analyst, Suttatip Peerasub, added in a note on Friday (Jun 13) that most of the kingdom's retail operators are unlikely to report year-on-year earnings growth in Q2, with the exception of 7-Eleven convenience store operator CP All as well as CP Axtra, which operates the Makro wholesale chain and Lotus' supermarkets across the region. Also included in the report were updates on other major retail players. These include Central Retail Corporation, a fashion, food and hardline retailer with products across Thailand, Vietnam and Italy; and Home Product Center, a home improvement retailer with presence in Thailand, Malaysia and Vietnam. The report also covered Berli Jucker, a consumer products and packaging company; Siam Global House, a large-format hardware and construction materials retailer; and Dohome, a similar home improvement and hardware chain. Poor sales growth Providing a snapshot of the SSSG for April to May, Peerasub noted that both consumer staples and discretionary retailers saw weaker performance, with SSSG ranging from -5 to 0.5 per cent, compared to -4 to 3 per cent in Q1 2025. CP Axtra was the best performer, with slightly positive wholesale (Makro) SSSG and flat growth for its retail arm (Lotus supermarkets), supported by promotions and healthy demand from the hotel, restaurant and catering segment. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Meanwhile, home improvement retailers continued to underperform, with SSSG ranging from -3 to -11 per cent, down from -10 to 0.5 per cent in Q1. For instance, Home Product Center's Mega Home and Dohome posted SSSG of -3 per cent and -5 per cent, respectively, compared with 0.2 per cent and -0.5 per cent previously. Peerasub said the weaker sales performance was due to a range of 'unfavourable factors', including muted consumption, a decline in the consumer confidence index, fewer tourist arrivals and a subdued economic outlook. Weather and environmental events also affected footfall and sales. Thailand's unusually cold spell in Q1, with temperatures falling by up to 6 degree Celsius, dampened demand for cooling products such as air conditioners, electric fans and refrigerators. The onset of the rainy season on May 15 further reduced customer traffic and construction activity. Peerasub also cited the Mar 28 earthquake in central Myanmar – which led to the collapse of a Bangkok skyscraper – as a contributing factor, with demand for renovations still pending insurance claims. Outlook Maybank expects most retailers under its coverage to report flat or worse Q2 results year on year, dragged by weak SSSG. In contrast, CP All and CP Axtra are projected to deliver earnings growth, underpinned by moderate SSSG, continued store expansion and improved gross margins – the latter driven by a greater contribution from high-margin products and synergy gains from their recent amalgamation. Peerasub said retail SSSG is likely to remain negative in the third quarter due to seasonal effects and tepid consumer sentiment. However, she expects a mild recovery in Q4, buoyed by Thailand's festive season and an anticipated stimulus package from the Thai government. Still, Maybank sees downside risks to earnings forecasts for home-improvement retailers, given weaker-than-expected SSSG. Peerasub named CP All as the bank's top pick, with a 'buy' call based on its resilient growth, strong return on equity and attractive valuation – the stock is trading at 15 times FY2025 estimated earnings, or 1.5 standard deviations below its five-year average.
Yahoo
06-02-2025
- Business
- Yahoo
Seven & i Consortium Said to Tap BofA, Citi for Financing
(Bloomberg) -- The consortium proposing to take Seven & i Holdings Co. private has tapped Citigroup Inc. and Bank of America Corp. for financing, adding to a growing group of players in the potentially record-breaking management buyout bid, people familiar with the matter said. Citadel to Leave Namesake Chicago Tower as Employees Relocate State Farm Seeks Emergency California Rate Hike After Fires Transportation Memos Favor Places With Higher Birth and Marriage Rates San Francisco Wants Wealthy Donors to Help Fix Fentanyl Crisis NY Transit Advocate Says Billions in Tax Hikes Would Fix MTA The two US banks' role in the bid would be to refinance the debt of Seven & i's US unit, one of the people said. The company had debt of ¥2.7 trillion ($17.8 billion) as of November, 56% of which belongs to the overseas convenience store operations, according to the company's financial results. Banks typically pass on such debt to outside investors. Thai conglomerate CP All Plc — which holds the Thai franchise for 7-Eleven — is also weighing plans to take an equity stake in the management buyout of about ¥500 billion, the people said, joining a plan hatched by Seven & i's founding Ito family and Familymart-operator Itochu Corp. last year. CP All shares extend their declines Thursday, falling as much as 5%. Any CP All participation in the deal would lead to higher interest expenses, hindering the company's profit growth, Asia Plus Securities Pcl said in a note this week. The entities would be some of the final parts of a plan hastily cobbled together to fend off Canadian retailer Alimentation Couche-Tard Inc., whose overtures to Seven & i were made public last August. Representatives for Citigroup, BofA and CP All did not immediately respond to requests for comment. The Ito family and Itochu originally planned a buyout effort valued at ¥9 trillion — trumping the ¥7.5 trillion Couche-Tard takeover bid. This may be lowered as the company's current valuation hovers well below either figure. Seven & i's market capitalization was around ¥6.2 trillion as of Thursday. A successful bid would not just allow one of the country's biggest retailers to restructure in private, but represent a successful group effort from corporate Japan to keep the storied brand out of foreign hands. The management buyout proposal would involve about ¥4 trillion in equity stakes with the Ito family contributing around ¥500 billion and Itochu more than ¥1 trillion. The rest would come from bank financing. Apollo Global Management Inc. is discussing a commitment of as much as ¥1.5 trillion while KKR & Co. is also considering a stake, Bloomberg News reported earlier. Sumitomo Mitsui Financial Group Inc., Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are set to participate in financing. --With assistance from Kanoko Matsuyama, Taiga Uranaka and Anuchit Nguyen. Orange Juice Makers Are Desperate for a Comeback Believing in Aliens Derailed This Internet Pioneer's Career. Now He's Facing Prison Inside Elon Musk's Attack on the US Government Amazon and SpaceX Want In on India's Satellite Internet Market Elon Musk Inside the Treasury Department Payment System ©2025 Bloomberg L.P. Sign in to access your portfolio
