CPF Inventory Soars to New Heights: Analysts Predict Stronger Efficiency in H2 2024 with Goal Costs Starting from 27 to 32.25 Baht

• Inventory costs have reached new highs for greater than a yr and a half.

The corporate’s inventory motion Charoen Pokphand Meals Public Firm Restricted or CPF has been up for a lot of the previous week. And on Friday, August 16, 2024, the worth of 24.80 baht remains to be thought of the best value stage much like what was executed initially of January 2023.

On the newest shut, the inventory was on the value of baht, plus 24.50 baht, minus 0.20 baht, which corresponds to -0.81%, a buying and selling worth of 508.26 million baht.

• Sturdy revenue report for Q2/2024

In line with the great outcomes for the second quarter of 2024, CPF introduced a revenue attributable to the shareholders of the mum or dad firm equal to six,924.59 million baht, turning constructive from the second quarter of 2023 which had a lack of 792.25 million baht, which is the full of the primary 6 months. from 2024 equal to eight,076.62 million baht From the identical interval final yr, there was a lack of 3,517.51 ​​million baht.

• Count on stronger earnings within the second half of the yr

Securities agency KGI (Thailand) CPF analyzed that it expects working revenue within the second half of the yr to stay sturdy, near the extent seen in 2Q24, with pork costs in Thailand recovering and animal feed prices decrease are essential motivating elements.

Moreover, the efficiency of joint ventures (JVs) and different associated firms (equivalent to Hylife, a JV in Canada) has improved. and switch a revenue within the 2nd quarter of 2024. It’s anticipated that CPF curiosity bills will begin to lower within the second half of 2024 and the entire of 2025 from efforts to scale back the debt burden.

Krungsri Securities has a constructive view on the knowledge obtained from the CPF analyst assembly, as executives gave a constructive view on the outlook for the second half of this yr higher than the primary half because of continued Vietnamese and Chinese language pork costs good Whereas prices proceed to fall, CPF is chosen because the group’s High Alternative.

• The newest funding recommendation “CPF inventory” from 12 brokers offers a primary goal value of 27.00-32.25 baht per share as follows.

Bualuang Securities goal value 27.00 baht
Phai Securities has an acceptable worth of 27.50 baht.
Kingsford Securities, goal value 28 baht
Finansia Syrus Securities has a goal value of 28 baht.
KGI Securities (Thailand)’s goal value is 28.50 baht
Innovest X Securities has a goal value of 29 baht.
Kasikorn Securities goal value 29.10 baht
TISCO Securities has a goal value of 29.50 baht.
The goal value of UOB Kay Hian Securities (Thailand) is 30 baht
Past Securities has a goal value of 30 baht.
Krungsri Securities goal value 31 baht
The goal value of CGS Worldwide Securities (Thailand) is 32.25 baht