Meat stocks rebounded on the back of meat prices. (Food) rose while the cost is reduced Make the Margins Go Beautiful Believe in 4Q21 earnings to grow after passing the lowest point in 3Q21 at 11:06 AM.
CPF increased 3.92%, increased 1.00 baht to 26.50 baht
TFG rose 3.91%, increased 0.19 baht to 5.05 baht.
GFPT rose 3.91%, increased 0.50 baht to 13.30 baht.
Mr. Kitphol Praipaisalkit, Director of Analysis and Strategy Department, UOB Kay Hian Securities (Thailand), said that the food stock price has risen outstandingly today. After the last 2 years, investors lose weight. because of disappointment in operating results And the cost of feed has increased. But today, the whole group is back to stand as a group that is safe from selling pressure. Compared to other groups such as the energy group, the petrochemical group, it should be worse, and the electronics exports are unlikely to be better.
At the same time, meat prices rose. While the cost of feed has declined, making profit margins. (Margin) not under pressure And the outlook for 4Q21 earnings should recover from 3Q21.
That’s why today’s food prices have risen outstandingly, with shares of Thai Foods Group Public Company Limited (TFG) rising the most, followed by GFPT Public Company Limited (GFPT) because It’s not a complicated business, but CPF, even a big company. But it’s complicated. which is sometimes affected by foreign investments such as China, Turkey, making it difficult to predict earnings.
However, CPF is expected to pass the lowest point in 3Q21 as both domestic and international meat prices declined. But the cost of feed has increased. And the value of living assets such as pigs and chickens also declined, but in the 4Q21 earnings turnaround. And there is no need to set aside the value of living assets. that increase in accordance with the price of meat