Charoen Pokphand Foods PCL

Charoen Pokphand Foods Public Co. operates in agro-industrial and integrated food businesses, with operations located throughout Thailand and overseas. Co.'s businesses comprise of two segments: livestock business, which consists of chicken, duck and pigs; and aquaculture business, which consists of shrimp and fish. Co.'s businesses are vertically integrated, sourcing raw materials for animal feed production, manufacturing animal feed, breeding animals, farming animals for commercial purposes, processing meat, producing ready-to-eat food products. Co.'s main products are: animal feed; animal farm products such as animal breeder, live animal and meat; and processed foods and ready meals.
  • TickerCPF
  • ISINTH0101A10Z01
  • ExchangeStock Exchange of Thailand
  • SectorFood Producers
  • CountryThailand
UOB
Arandi Ariantara ...
  • Eric Wang Zhen
  • Jacquelyn Yow Hui Li
  • Jayson Kong
  • Jie Ying Chloe Tan
  • Jonathan Koh
  • Keith Wee Teck Keong
  • Leow Huey Chuen
  • Loke Pei Hao
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
  • Thunya Sutavepramochanon

Regional Morning Notes - Tuesday, June 23, 2020

GREATER CHINA Sector Insurance: Premium income growth recovery extended in May 20; sustained recovery in bond yield may drive a sector-wide valuation re-rating. Update Shandong Gold Mining (1787 HK/BUY/HK$21.00/Target: HK$25.00): Offers to buy Cardinal Resources; on track with its global expansion strategy. INDONESIA Update Jasa Marga (JSMR IJ/BUY/Rp4,130/Target: Rp5,100): 2021F EBITDA expected to grow by 16% yoy; upgrade to BUY. MALAYSIA Sector Banking: The sector is expected to be in consolidation mode pending the end of the loan moratorium but growing optimism could kick in by end-4Q20. ...

UOB
Thunya Sutavepramochanon

Charoen Pokphand Foods (CPF TB) - Positive Impact From COVID-19 Outbreak In Competitors’ Countries

Update Charoen Pokphand Foods (CPF TB/BUY/Bt32.25/Target: Bt38.50) Positive impact from COVID-19 outbreak in competitors’ countries.

For CHAROEN PKPH.FOODS PCL., the environment deterioration entails a downgrade to Neutral

CHAROEN PKPH.FOODS PCL. (TH), a company active in the Farming & Fishing industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date June 16, 2020, the closing price was THB 30.50 and its expected value was estimated at THB 28.91.

Nirgunan Tiruchelvam

The EM consumer stocks at risk of bankruptcy

In the summer of 2015, I met Prof. Ed Altman at a lecture in New York. He devised the Altman Z-score in 1968 and first published his formula 50 years ago, after doggedly sifting through thousands of pages of annual reports to obtain the data for his analysis. The Altman Z-score became the gold standard for bankruptcy analysis. The Altman Z-score is a formula for determining whether a company is headed for bankruptcy. It takes into account profitability, leverage, liquidity, solvency, and acti...

Nirgunan Tiruchelvam

Higher oil will exacerbate food price surge; six stocks set to benefit

On Saturday, the Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed to extend 10% oil output cuts until the end of July. This amounts to an ongoing cut of 9.7mn barrels a day. Oil prices have continued their recovery after the deal was announced, but the output cuts will also add fuel to the fledging food price boom, putting upward pressure on food prices at a time of intense dislocation of food supply. The implications of the recovery in oil prices for the food indust...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

USD weakness a tailwind for int'l markets With markets showing signs of weakening at logical resistance as outlined in last week's Int'l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. Below we highlight some attractive and actionable themes along with indicators that support our overall constructive outlook. • USD (DXY) breaking down; Euro, CAD breaking out. Throughout all of 2019 we h...

Insider bought: A director bought 200,000 shares at 32.000THB

A director at Charoen Pokphand Foods Plc bought 200,000 shares at 32.000THB and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

UOB
Arandi Ariantara ...
  • Eric Wang Zhen
  • Jacquelyn Yow Hui Li
  • Jayson Kong
  • Jie Ying Chloe Tan
  • Jonathan Koh
  • Keith Wee Teck Keong
  • Leow Huey Chuen
  • Loke Pei Hao
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
  • Thunya Sutavepramochanon

Regional Morning Notes - Tuesday, June 23, 2020

GREATER CHINA Sector Insurance: Premium income growth recovery extended in May 20; sustained recovery in bond yield may drive a sector-wide valuation re-rating. Update Shandong Gold Mining (1787 HK/BUY/HK$21.00/Target: HK$25.00): Offers to buy Cardinal Resources; on track with its global expansion strategy. INDONESIA Update Jasa Marga (JSMR IJ/BUY/Rp4,130/Target: Rp5,100): 2021F EBITDA expected to grow by 16% yoy; upgrade to BUY. MALAYSIA Sector Banking: The sector is expected to be in consolidation mode pending the end of the loan moratorium but growing optimism could kick in by end-4Q20. ...

UOB
Thunya Sutavepramochanon

Charoen Pokphand Foods (CPF TB) - Positive Impact From COVID-19 Outbreak In Competitors’ Countries

Update Charoen Pokphand Foods (CPF TB/BUY/Bt32.25/Target: Bt38.50) Positive impact from COVID-19 outbreak in competitors’ countries.

Nirgunan Tiruchelvam

The EM consumer stocks at risk of bankruptcy

In the summer of 2015, I met Prof. Ed Altman at a lecture in New York. He devised the Altman Z-score in 1968 and first published his formula 50 years ago, after doggedly sifting through thousands of pages of annual reports to obtain the data for his analysis. The Altman Z-score became the gold standard for bankruptcy analysis. The Altman Z-score is a formula for determining whether a company is headed for bankruptcy. It takes into account profitability, leverage, liquidity, solvency, and acti...

Nirgunan Tiruchelvam

Higher oil will exacerbate food price surge; six stocks set to benefit

On Saturday, the Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed to extend 10% oil output cuts until the end of July. This amounts to an ongoing cut of 9.7mn barrels a day. Oil prices have continued their recovery after the deal was announced, but the output cuts will also add fuel to the fledging food price boom, putting upward pressure on food prices at a time of intense dislocation of food supply. The implications of the recovery in oil prices for the food indust...

UOB
Cherrie Tan Yue ...
  • Clement Ho Jia Xing
  • John Cheong Ming Chern
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • Kader Farhan Bin Kader Ridzwan
  • Kong Ho Meng
  • Kowit Pongwinyoo
  • Lee Yuk Kei
  • Nicola Ho Fang Lin
  • Peerawat Dentananan
  • Raphon Prima
  • Tham Mun Hon
  • Thunya Sutavepramochanon

Regional Morning Notes - Friday, May 15, 2020

GREATER CHINA Strategy “New” Infrastructure: Expecting near-term boost to come from investments in intercity HSR, UHV and 5G. Sector IT Software: Tencent-backed payment firm to be listed. INDONESIA Results Bank Rakyat Indonesia (BBRI IJ/BUY/ Rp2,350/Target: Rp3,130): 1Q20: Flat earnings; expect 35% yoy fall in 2020 earnings. MALAYSIA Results Dialog Group (DLG MK/BUY/RM3.33/Target: RM3.72): 3QFY20: Results in line, JV outperformance offset by unexplained revenue weaknesses. Sole listed proxy to storage play and well diversified to cope with low oil prices and COVID-19 SP Setia (SPSB MK/...

For CHAROEN PKPH.FOODS PCL., the environment deterioration entails a downgrade to Neutral

CHAROEN PKPH.FOODS PCL. (TH), a company active in the Farming & Fishing industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date June 16, 2020, the closing price was THB 30.50 and its expected value was estimated at THB 28.91.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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