Equity Analysis /
Thailand

TH : Food & Beverages - Food exports grew strongly in Feb 22

    Tanida Jirapornkasemsuk
    CGS-CIMB
    26 March 2022
    Published by

    Broiler exports rose 32% yoy and processed/canned seafood exports increased 23% yoy in Feb 22. This suggests robust foreign demand and consumption recovery, which should benefit GFPT and TU in 1Q22F. We stay sector Neutral with GFPT as our sector top pick.