HoonSmart.com >> The year 2024 is considered a golden year for CP Group. (Charoen Pokphand Group) The stock prices of the 4 companies on the stock exchange increased significantly. Especially businesses that have been losing money for a long time. There is an opportunity to turn around and make a profit. confident that for the whole year Will make a profit after improvements Compared to a loss of 15,537 million baht last year.
As for Charoen Pokphand Foods Company (CPF), last year’s net loss was 5,207 million baht. from positive support factors Chicken and pork prices rose and exporters are benefiting from the very weak baht profits to continue setting high growth rates in line with the economy Expanding branches and reaping benefits from measures government to boost purchasing power
” TRUE last line There was still a net loss of 769.25 million baht, but it returned to profit after a change of 802 million baht, an improvement of 1,182 million baht from the previous quarter. This comes from EBITDA growth for the 5th consecutive quarter. Realize the benefits of joining DTAC and increase efficiency in managing business costs. The trend is expected to continue well. depending on the economic situation and tourism makes True declare that it will make a profit this year. 2024 after development”
True Corporation is confident in achieving its goals. Service revenue excluding IC is expected to grow 3-4%, EBITDA growth 9-11%, and capital expenditure includes investment budgets to deliver benefits achieved from mergers and acquisitions (CAPEX) of approximately 30 billion baht, of which 3,557 million baht was used in the first quarter to focus on sustainable profitable growth.
For CPF, CPALL and CPAXT companies, the operating trend is improving. Attract investors to buy stocks before good news is announced. It can be seen that the stock prices of all 4 companies rose against the stock market decline, led by TRUE rising to 61.39%, followed by CPAXT rising by 23%, and CPF and CPALL rose 4% in the same way, having a positive effect on List of shareholders Especially the CP Group, which has a large share.
Yuanta Securities (Thailand) maintains a buy recommendation on CPF with a target price of 24 baht, although it is expected that the first quarter will still have an ordinary loss of 3,100 million baht, but the loss decreased from 6,400 million baht in the ‘last quarter and 3,400 million baht in the same period last year More positive signs can be seen from rising regional pork prices in Thailand, Vietnam and China, while farming costs are likely to decrease. Supporting the results of the second quarter, there is an opportunity to turn a profit and a clearer recovery is expected in the second half of the year.
“Strategically, we believe farm animal stocks will outperform the market in the short to medium term as stock prices are in the lower range and earnings trends have already slowed. It is recommended that the funds in the land animal farming group be cancelled.”
As for CPALL, with joy being the sales star, it is expected that Q1 will have an ordinary profit of 4,900 million baht -13% compared to the 4th quarter of last year, based on seasonal factors. but a 30% increase from the same period last year. There are also positive features, such as sales on the same store getting back according to the number of tourists. Economic stimulation from the payment of the state budget Benefits from the warmer weather than usual mean that more people will come to buy drinks or other cooling products. and a reduction in the policy interest rate Therefore, we have increased our normalized profit estimates for 2024-2025 by 10.8% and 11.4%, with expected normalized profits at 21 billion baht (+17%) and 24 billion baht (+ 13%), respectively, and adjusted the relevant price to Valuation 76 baht Free, trading on PER67 at 24x, foreign ownership position is 27%, lower than the average of 32%.
2024-05-06 02:09:47
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