CJ MORE Targets 5,000 Branches and 2029 IPO

Thansettakij•Economy•1d ago

Reader Briefing

CJ MORE aims to expand to over 5,000 branches and reach 100,000 million baht in sales by next year before listing on the stock market in 2029.

•CJ MORE targets over 5,000 branches by the year 2029.
•Sales are projected to reach 100,000 million baht next year.
•The company plans to list on the stock market in 2029.
•CJ MORE is expanding the CJ STAR project to over 2,100 branches across 60 provinces.

•CJ MORE currently has approximately 2,100 branches in 60 provinces, consisting of 1,500-1,600 CJ Super branches and 400-500 CJ MORE branches.
•CJ MORE plans to expand branches by an average of 500 per year, increasing to 600-700 per year in the next phase to exceed 5,000 branches by 2029.
•CJ MORE targets a stock market listing in 2029 and is studying options including the Hong Kong (Hang Seng), Singapore (SGX), and Nasdaq markets.
•CJ MORE targets sales of 80,000 million baht for the year 2026, with expectations to reach 100,000 million baht next year.
•CJ MORE has an investment budget of approximately 5,000 million baht for 2026 and expects to use 5,000-6,000 million baht in 2027.
•CJ MORE is expanding the CJ STAR project, which currently operates in 538 branches, to over 2,100 branches to support local entrepreneurs.
•CJ MORE reports a member base of approximately 11 million people, with members accounting for more than 90% of customers.

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Sathian Sathienthamma

"Right now I am rich."

ตอนนี้ผมรวย

Sathian Sathienthamma

"The important thing is Long-term, looking at the long term to see what benefits we will get."

เรื่องสำคัญคือเรื่อง Long-term ดูเรื่องระยะยาวว่าเราจะได้ประโยชน์อะไร

CJ MORE

A retail business expanding its branch network and targeting a stock market listing in 2029.

Carabao Group(กลุ่มคาราบาว)

The parent group of CJ MORE consisting of retail and beverage businesses.

Hong Kong Stock Exchange(ตลาดหลักทรัพย์ฮ่องกง)ℹ️

A foreign stock market that has discussed listing options with CJ MORE approximately 5 times.

Singapore Exchange(ตลาดหลักทรัพย์สิงคโปร์)ℹ️

A foreign stock market (SGX) that has discussed listing options with CJ MORE approximately 2 times.

A foreign stock market that has discussed listing options with CJ MORE 1 time.

Sathian Sathienthamma(เสถียร เสถียรธรรมะ)

Chief Executive Officer of Carabao Group.

CJ STAR Khong Dee Tid Dao(CJ STAR ของดีติดดาว)

A project to bring community products into the CJ MORE retail network.

Bangkok(กรุงเทพฯ)ℹ️

The province with the highest number of CJ MORE branches, totaling approximately 300.

Phuket(ภูเก็ต)ℹ️

A southern province where CJ MORE has expanded its branches.

Phitsanulok(พิษณุโลก)ℹ️

A northern province where CJ MORE has expanded its branches.

Chiang Mai(เชียงใหม่)ℹ️

A province where CJ MORE is studying expansion.

Chiang Rai(เชียงราย)ℹ️

A province where CJ MORE is studying expansion.