Stocks in Focus on 8 July 2019: CPF and VNT
Stocks in Focus on 8 July 2019: CPF and VNT
Stocks in Focus on 8 July 2019: CPF and VNT
8 ก.ค. 2562

Krungsri Securities recommended “BUY” Charoen Pokphand Foods Public Company Limited (CPF)’s share with the target price of IAA Consensus at THB34.00/share, Closed at THB30. The domestic pork and chicken prices have recovered to 36- and 21-month highs in June, and will continue to rise due to the AFS epidemic in China. Earnings should expand in 2H19, with 3Q being the peak business season. CPF is Krungsri’s sector top pick.
Vinythai Public Company Limited (VNT) is expected to post the strongest 2Q19 earnings growth in the sector supported by improving PVC spreads on falling ethylene costs. Therefore, Krungsri Securities recommended “BUY” VNT with the target price of THB29, Closed at THB25.25. Moreover, the price of caustic soda (key product) continues to rise after India resumed imports and Brazil’s large aluminum producer resumed production.