Thai ​Foods‌ Group (TFG) Sees Profit⁢ Trend Acceleration in⁢ 2H24

TFG’s ‌Profit Trend Expected to Continue Accelerating in 2H24

Yuanta Securities (Thailand) estimates that TFG’s profit trend will continue ⁣to accelerate in 2H24, ‍following the recovery of the domestic pork industry. The ‍current price of pork is around⁢ 74 baht/kg and is ⁤expected to increase during the rest‌ of the year.

Normal Profit ⁣for 2024 ⁣Expected to ⁢Reach 3,197 Million⁢ Baht

The company is⁤ expected to return to accelerating the ⁢expansion of Fresh Market stores by approximately⁤ 100 more branches in 2H24, supporting TFG’s ⁢overall operating results in 2024 expected to be 3,197 million‍ baht, a significant increase from the‌ loss of 499 million baht ​last year.

Pork and Chicken Prices on the⁤ Rise

KGI ⁢Securities (Thailand) ⁤has ‌indicated that the trend is positive in the next period,​ with ⁣pork sales volume and price expected to⁤ increase. The net profit forecast for 2024 has been increased by 60% to 2.78 billion baht, and 2025 by 47% to 3.33 billion baht.

Key⁣ Highlights

• TFG’s ⁤profit trend expected to continue accelerating ​in 2H24
• Normal⁣ profit for 2024 expected to reach 3,197 million baht
• Pork and chicken prices⁤ on ⁤the rise
• Net profit forecast​ for 2024 and 2025 increased