Dimension Stock – TFG Looking forward to the first work of 2024, responding to the Chinese New Year trend, the prices of “pork chicken” are soaring.
TFG or Thai Foods Group Public Company Limited from Bualuang Securities said that the trend of domestic pork and chicken prices in January 2024 increased from the Q4/66 average, although the Chinese New Year festival is close. (The price of chicken is close to 40 baht/kg. The price of pork is 67 baht/kg.) But it is expected to continue to increase.
“Looking forward to the results of the first half of 2024. There is a chance of turning a profit.”
Including the price of raw materials fell. and expanding retail stores to help turn TFG’s operating results into profit in the first half of 2024, while Q4/23 expects high revenue growth of 122% YoY and 15% QoQ. In addition to helping the income side, It also helps to support GM during a period of weak meat performance, maintaining guidelines. “Speculative buy” target price 4.80 baht
“Expand more branches Hope to increase customers and receive a boom in tourism.”
“Winai Tiewsomboonkit”, CEO of TFG, said that the performance in 2024 is still growing from branch expansion as in 2023. The company plans to open a branch of “Thai Foods Fresh Market” for the sale of chicken and meat Fresh Pork, which is a total of 350 branches, from 220 branches in 2022, and there are still more customers following the recovery of the economy and tourism.
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