TFG : Strong Earnings to Continue in 2H22
We maintain our BUY rating and raise TP by 42% to Bt8.50 derived from 10xPE’23E, the lowest level since listing and 12% discount from average...
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TFG: Expect Earnings Upturn from 4Q21 Onwards
Maintain HOLD rating, with TP of Bt5.30 (up 15% from previous TP), based on 22.8PE’22E which is Asia ex-Japan consumer staple. Recent product...
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TFG: Expect 4Q21 Earnings to Bottom Out
We expect 4Q21 net profit to rebound QoQ, backed by improve demand volume, together with higher product prices, in line with rising feed cost and...
269 Views
Company Update Thaifoods Group Plc. (TFG)
TFG’s 2Q21 core profit fell YoY and QoQ due to a narrower margin and an increase in the effective tax rate, leading us to revise down our 2021E...
225 Views
TFG: Solid Outlook, Though It Should Retreat from 3Q20 Peak
We maintain BUY rating on TFG with a new 2021E target price at Bt6.10, from Bt5.95, derived from 14.9xPE’21E, which is +1SD of its 3-years trading...
340 Views