2023-05-11 15:06:30
Stock dimensions – TFG Confident that this year’s income will make new highs Set an investment budget of 3-3.5 billion baht this year, expanding pig farms both domestically and internationally.
TFG or Thai Foods Group Public Company Limited by Mr. Winai Teosomboonkit Chief Executive Officer revealed that the company is confident that this year’s operating results will grow. Revenue is expected to hit a new record high. Gain benefits from expanding into new customer groups both domestically and internationally.
Accelerate the opening of branches “Thai Foods Fresh Market”
The company has set an investment budget of 3-3.5 billion baht this year for expanding swine farms in Thailand and Vietnam. and expanding retail stores “Thai Foods Fresh Market” plans to open new branches to increase to 400 branches from the end of 22, with a total of 220 branches to support consumer demand.
Chicken prices recover, breaks hit target 6.50 baht
KGI Securities (Thailand) expects chicken prices to recover faster and stronger than expected. supported by better domestic consumption Regarding feed costs, there are signs of decline as expected. Q2/23 profits are expected to recover compared to QoQ. Reiterate Buy recommendation. 2013 target price at 6.50 baht
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