CPF-GFPT-TFG Set to Soar after EU Increases Poultry Import Quota for Thailand!
Analysts expect the share price of CPF, GFPT and TFG to soar after EU increased poultry import quota for Thailand.
5 เม.ย. 2562

The Ministry of Commerce announced that the European Commission had adjusted import quotas for processed chicken and salted frozen chicken from Thailand, Brazil and other third countries which had been effective since April 1, 2019.
The new regulation increased quota by 5,460 tonnes/year or 2.2% from the usual 252,000 tonnes. This is positive to Thailand’s chicken industry as it would help absorbing excess domestic supply.
 
Asia Plus Securities (ASP) stated that EU imported chicken from Thailand for a total of 28.30% of its overall chicken import in line with what ASP analytic team mentioned earlier as the EU needed to find some exporters to replace 20 manufacturers in Brazil whom federal prosecutors accused of colluding to evade quality and safety checks.
ASP recommended buy GFPT with a target price at ฿16.95/share, TFG with a target price at ฿4.50/share, and CPF with a target price at ฿31.50/share. The domestic revenue from chicken reflected 70% for GFPT, 65% for TFG and 9% for CPF.
 
KTB Securities (Thailand) indicated that the increase in quota awarded from the EU will have positive outlook for GFPT and CPT as Thailand major chicken exporters, giving a target price for GFPT at ฿16.00/share and CPF at ฿29.00/share. In the meantime, Maybank Kim Eng also had the same view with KTB Securities that GFPT and CPF would be the most profitable exporters, giving a target price for GFPT at ฿14.60/share and CPF at ฿31.50/share.
 