TFG: Expect 4Q21 Earnings to Bottom Out
We expect 4Q21 net profit to rebound QoQ, backed by improve demand volume, together with higher product prices, in line with rising feed cost and...
220 Views
Company Update Thaifoods Group Plc. (TFG)
TFG’s 2Q21 core profit fell YoY and QoQ due to a narrower margin and an increase in the effective tax rate, leading us to revise down our 2021E...
91 Views
TFG: Solid Outlook, Though It Should Retreat from 3Q20 Peak
We maintain BUY rating on TFG with a new 2021E target price at Bt6.10, from Bt5.95, derived from 14.9xPE’21E, which is +1SD of its 3-years trading...
234 Views
TFG: Weak 2Q20E but Strong Outlook in Medium to Long Term
We maintain BUY rating on TFG with a new 2021E target price at Bt5.95, from Bt4.70, derived from 17.2xPE’21E, which is -0.5SD of its 3-years...
334 Views
TFG: Opportunity Arises from Regional Meat Supply Shortage
We initiate coverage of TFG with a BUY rating and a 2020E target price of Bt4.7, derived from 17.5xPE’20E, which implies a PEG ratio of 1.0x in...
375 Views