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45 articles for Thaifoods Group PCL
Thaifoods Group PCL: Core profit beat our estimate; weaker 2023 earnings ahead
Net profit as expected but core profit above estimate. TFG posted a 4Q22 net profit of Bt1.13bn. After-tax profit beat our model by 37%.
Prasit Sujiravorakul @ Bualuang Securities 23 February 2023
Thaifoods Group PCL: The cheapest Thai livestock play
Bullish view reiterated on tightening pork supply through 2023. Sustained high day-old chick prices and stronger byproduct prices. Sustained high prices and bigger sales volume—key drivers in 2023.
Prasit Sujiravorakul @ Bualuang Securities 15 December 2022
Thailand: Agro & Food - Persisting shortage of livestock breeders through 2023
Sustained high breeder prices due to persisting breeder shortages. Stronger provincial prices but softer Bangkok prices due to rain. -.
Prasit Sujiravorakul @ Bualuang Securities 1 December 2022
Thaifoods Group PCL: Beat all estimates; robust 4Q22 earnings ahead
Exceeded our model. TFG posted a 3Q22 net profit of Bt1.73bn. We model a Bt1.02bn 4Q22 core profit.
Prasit Sujiravorakul @ Bualuang Securities 10 November 2022
Thailand: Agro & Food - High season of livestock demand seen through 1H23
High day-old chick and piglet prices imply breeder shortage. Marginal impact from Sep-Oct flooding; rebound expected in 4Q22. The 20-month high of Chinese live pig price.
Prasit Sujiravorakul @ Bualuang Securities 18 October 2022
Thaifoods Group PCL: Bullish on Thai pork up-cycle
Sustained positive price outlook for chicken at least through YE22. More bullish on pork up-cycle at least through YE23. Increased 3Q22 export volume; more bullish on 2022 sales target.
Prasit Sujiravorakul @ Bualuang Securities 29 August 2022
Details
Thailand
Asia
Consumer Durables & Apparel
About
Thaifoods Group Public Company Limited is the manufacturer and processor of poultry and swine products. The Company's business involves hatcheries, contract farming, raw chicken meat processing for export, and domestic distribution. Thaifoods Group operates in Southeast Asia.
