Analysts Expect CPF to Reach ฿39, Benefiting by Lower Supply from the ASF Breakout!
Analysts Expect CPF to Reach ฿39, Benefiting by Lower Supply from the ASF Breakout.
Analysts Expect CPF to Reach ฿39, Benefiting by Lower Supply from the ASF Breakout.
23 ม.ค. 2563

Since the breakout of African swine fever (ASF) in the fourth quarter of 2019, the company that seems to be benefited the most is Charoen Pokphand Foods Public Company Limited (CPF).
 
Analysts have given “BUY” recommendations in unison while many have upgraded their target price as well. All the positive recommendations were from the rising pork prices since the breakout of ASF up until now. Pork prices are expected to increase continuously due to lower supply in the market.
Meanwhile, the Chinese New Year in January will increase the demand for pork and chicken, which will result in a higher gross profit margin (GPM) for CPF. The earnings forecast in 2019 increases to 74-80%, representing an earnings of 13,400-17,903 million baht, while the 2020 earnings forecast is expected to increase around 10-44.6% to 14,800-20,254 million baht.
 
Finansia Syrus: BUY at ฿39.00/share
Trinity: BUY at ฿38.00/share
Phillip (Thailand): BUY at ฿37.50/share
Maybank: BUY at ฿36.00/share
Nomura: BUY at ฿34.50/share
Krungthai/KT Zmico: BUY at ฿34.00/share