Equity Analysis /
Thailand

Thaifoods Group PCL: Lowered 2Q21 earnings expectations; 2021 earnings cut

  • Solid 2Q21 sales growth led by pork and feed units

  • GM in 2Q21 to be squeezed by jump in SBM cost

  • Insight into 2Q21—marginal YoY core profit rise

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
27 July 2021