Thaifoods Group PCL

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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%.
Bualuang Securities Prasit
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.
Bualuang Securities Prasit
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. -.
Bualuang Securities Prasit
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.
Bualuang Securities Prasit
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.
Bualuang Securities Prasit
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.
Bualuang Securities Prasit
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.

Associated topics

Prasit Sujiravorakul Consumer Durables & Apparel Thaifoods Group PCL Consumer Discretionary Thailand Equity Asia Thai TFG Charoen Pokphand Foods PCL Consumer Services 2022 CPF Vietnam