Companies that make packaged food and meat products — canned goods, cereal, snacks, frozen meals and the deli items on grocery shelves.
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SNNP Eyes Q4 Peak as Jele and Bento Drive Sales, Broker Recommends Buy with 8 Baht Target
Srinanaporn Marketing Public Company Limited, or SNNP, is rushing to restore production capacity for Lotus brand products after its factory was affected by a fire. Some production lines are now back in operation, including chicken drumsticks, chicken skin, bread, and chicken legs, while the company is also using external manufacturers, or OEM, to supplement output. However, Viroj Vachiradetkun, Senior Deputy Managing Director of the Domestic Business Division, said the quantity of goods produced is still not sufficient to meet market demand, so the company has had to allocate quotas to customers. As for the damage from the fire, the figure is still being finalised together with the insurance company, and since the company has insurance covering all the damage, it is confident there will be no impact on its financial statements. For the fourth quarter, which is the high season, the company is accelerating marketing through its main products, especially Jele, which was developed in collaboration with Camu and has received a better-than-expected response, prompting another round of restocking, with plans to extend the partnership to new products next year. Meanwhile, Bento will become one of the main products to offset sales lost from Lotus, along with the launch of a new advertising film series called "Ku Cheep," or Life Saver. In overseas markets, especially Vietnam, there are clear signs of recovery, in line with Vietnam's economy and GDP growth of more than 9%. DAOL Securities expects third-quarter 2026 profit to expand compared with the previous quarter, and expects fourth-quarter 2026 profit to grow strongly both year on year and quarter on quarter. It maintains its 2026 net profit forecast at 371 million baht, down 28% year on year, and keeps its buy recommendation with a target price of 8.00 baht, based on a 2026 PER of 19.5x. It views that profit has already passed its lowest point in the first quarter of 2026.
SNNP.BK · Demand · Positive Jele collaboration with Camu got better-than-expected response prompting restocking, and Bento to offset lost Lotus sales in Q4 high season
SNNP.BK · Supply · Positive Restoring Lotus production capacity after fire, using OEMs, though output still insufficient to meet demand
DAOL Securities (Thailand) Public Company Limited · Capital · Positive DAOL maintains buy recommendation and 8 baht target, expecting strong Q4 2026 profit growth
Suranart Kittirattanadech, Chief Accounting and Finance Officer of R and B Food Supply Public Company Limited, or RBF, welcomed analysts and fund managers on a site visit and presented the company's operations for the second half of 2026. The company said its business outlook for this year remains on a continuous growth path, driven mainly by overseas markets and an expanding customer base in high-potential market segments.
RBF.BK · Demand · Positive Company says second-half 2026 growth is driven by overseas markets and an expanding customer base in high-potential segments.
RBF opens its doors to analysts, citing overseas markets as a driver of continued second-half growth
Suraphat Kittirattanadech, Chief Accounting and Finance Officer of R and B Food Supply Public Company Limited, or RBF, welcomed analysts and fund managers on a visit to the company's operations, and presented its operating direction for the second half of 2026. The company expects its business to continue growing in 2026, driven mainly by overseas markets alongside an expansion of its customer base in high-potential market segments, in support of business growth over the longer term.
Warabeya Nichiyo to See Net Profit Fall 34% as U.S. Plant Launch Halted
Warabeya Nichiyo Holdings announced on the 7th that it has revised down its consolidated net profit forecast for the fiscal year ending February 2027 to 3.5 billion yen, a 34.5% decrease from the previous year. The previous forecast was 4.8 billion yen. The company has decided to halt the launch of a new factory it had been preparing in Ohio, and expects to record a special loss of 700 million yen. It cited consideration of a supply chain review by its client Seven-Eleven, which operates a convenience store business in North America. Rising packaging material costs amid the worsening situation in the Middle East also weighed on profits.
2918.JP · Capital · Negative Revised down net profit forecast 34.5% and will record a 700 million yen special loss from halting its Ohio factory launch.
2918.JP · Supply · Negative Rising packaging material costs amid Middle East turmoil weighed on profits.
7-Eleven, Inc. · Supply · Neutral Warabeya cited Seven-Eleven's consideration of a supply chain review in North America as reason to halt its Ohio plant; 7-Eleven itself is only context, not a subject.
RBF opens its doors to analysts, highlighting overseas markets as a driver of second-half 2026 growth
R and B Food Supply Public Company Limited, or RBF, opened its doors to welcome analysts and fund managers on a visit to its operations, with Mr. Suranart Kittirattanadech, Chief Accounting and Finance Officer, receiving the guests and presenting the company's performance for the second half of 2026. The company said its business outlook for this year remains one of continued growth, supported by overseas markets and an expanding customer base in high-potential market segments.
MALEE sells 65% investment in Long Quan Safe Food after continued losses
Malee Group Public Company Limited, or MALEE, owner of the Malee brand, has moved to divest its investment in Long Quan Safe Food Company Limited (LQSF), which produces and distributes beverages in Vietnam, in which it holds a 65% stake. LQSF is not a subsidiary that MALEE founded itself, but a company MALEE acquired for roughly 330 million baht in 2018 to strengthen its beverage production base for emerging markets in Southeast Asia. The reason for the divestment is LQSF's performance falling short of expectations, with net losses for several consecutive years. Since 2021, it posted a net loss of 15.49 million Vietnamese dong, in 2022 a net loss of 52.35 million Vietnamese dong, in 2023 a net loss of 19.24 million Vietnamese dong, in 2024 a net loss of 76.56 million Vietnamese dong, and in 2025 a net loss of 23.41 million Vietnamese dong. As of the end of 2025, accumulated losses stood at 99.98 million Vietnamese dong. This sale will require MALEE to record a large one-time loss in its third-quarter 2026 statements, but it will help relieve debt burden and the recognition of losses from having to consolidate LQSF's financial statements. In the first six months of 2026, MALEE had revenue from sales and services of 3.5942 billion baht, down 3.8% from 3.7367 billion baht in the same period a year earlier, and net profit of 37.2 million baht, down 75.5% from 152.0 million baht in the same period a year earlier.
MALEE.BK · Capital · Neutral MALEE divests its 65% stake in loss-making LQSF, taking a large one-time Q3 2026 loss but relieving debt and loss consolidation.
Long Quan Safe Food · Capital · Negative LQSF is being divested by MALEE after consecutive years of net losses and accumulated losses of 99.98 million dong.
Conagra Brands reported first-quarter 2026 sales of US$2,595.9 million, down from US$2,632.6 million a year earlier, while net income rose to US$174.3 million from US$164.5 million and earnings per share from continuing operations increased to US$0.36 from US$0.34. The company maintained its quarterly dividend at US$0.175 per share and faced an unsuccessful shareholder proposal. The results show higher profitability on slightly lower sales, which management framed as a focus on earnings quality and capital returns. Conagra's investment narrative projects $11.0 billion in revenue and $810.2 million in earnings by 2029, implying fairly flat yearly revenue growth. More cautious analysts had assumed revenue would shrink about 1.7% a year and reach roughly US$10.7 billion with earnings near US$427 million.
CAG · Capital · Positive Conagra's Q1 2026 net income and EPS rose to $174.3M and $0.36 despite slightly lower sales, and it maintained its $0.175 dividend.
McCormick Fair Value Cut to US$54.85 as Analysts Weigh Q3 Beat and UL Foods Risk
McCormick's fair value estimate has been lowered to US$54.85 from US$60.15 on this model, as analysts balance confidence in Q3 execution against caution on longer-term growth, integration of the UL Foods deal, and Americas volume trends. BofA keeps a Buy rating and calls Q3 an earnings beat driven by gross margin, while trimming its price target to US$55 from US$65, and Deutsche Bank maintains a Buy rating with a reduced target of US$57 from US$59, pointing to improved FY26 performance even as it factors in added complexity for FY27. JPMorgan reiterates an Overweight rating and adjusts its target modestly to US$62 from US$63, noting McCormick is still showing growth at a time when some peers are not. On the bearish side, TD Cowen cut McCormick to Hold and lowered its target to US$48 from US$55, citing weaker execution in U.S. retail, share loss in spices and seasonings, and a tough setup for the combined UL Foods business, while Stifel, UBS, Barclays and others reset targets into the high US$40s range on caution around slower volume improvement in the Americas, inflation, and execution and financing risk tied to the UL Foods integration. The model now assumes revenue growth of 5.06% versus 5.80% previously, a net profit margin of 7.85% versus 7.92%, and a future P/E multiple of 26.23x versus 28.93x, with the discount rate effectively unchanged at about 7.24%.
MKC · Capital · Neutral Analysts cut McCormick's fair value and price targets (BofA to $55, TD Cowen to $48) while balancing a Q3 earnings beat against UL Foods integration and Americas volume risk.
Nortera and B&G Foods Abandon Canadian Vegetable Merger After Competition Bureau Challenge
Nortera and B&G Foods have jointly decided not to proceed with Nortera's proposed acquisition of B&G Foods Canada's Green Giant and Le Sieur Canadian vegetable business, Interim Commissioner of Competition Jeanne Pratt said on October 6, 2026. The decision followed the Competition Bureau's request to the Competition Tribunal on August 19, 2026, to block the transaction. The Bureau's investigation concluded the acquisition was likely to lead to less competition in the form of higher prices and fewer choices in the wholesale supply of certain canned and frozen vegetables in Canada. Pratt said the Bureau was pleased that a merger its investigation found was likely to harm competition will not move forward, calling the outcome a demonstration of the importance of enforcement in protecting competition in Canada's food sector. Nortera processes, markets and sells canned and frozen vegetables in Canada under the Del Monte and Arctic Gardens brands, while B&G Foods Canada markets and sells vegetables there under the Green Giant and Le Sieur brands.
BGS · Regulation · Positive B&G Foods Canada's Green Giant and Le Sieur vegetable business will not be sold to Nortera after the Competition Bureau blocked the deal, leaving B&G's Canadian unit intact.
Uber to Buy ezCater for $2.3B as Marvell Lifts FY28 Revenue Guidance to $20B
Uber Technologies agreed to acquire Boston-based corporate catering platform ezCater for $2.3 billion in an all-cash deal, expanding the ride-hailing company into the workplace dining market. ezCater runs an online catering marketplace connecting businesses with more than 140,000 restaurants nationwide and generated over $2.5 billion in gross bookings over the trailing twelve months, with high-teens year-over-year growth. Separately, Marvell Technology shares jumped 10% in early trading after the chipmaker raised its fiscal 2028 revenue guidance to $20 billion at its investor day, up from a prior $18 billion and above analyst estimates of $18.2 billion; Marvell also expects customer revenue in fiscal 2029 to rise 200% or more, with total revenue reaching between $70 billion and $90 billion by fiscal 2031. Lamb Weston reported first-quarter adjusted EPS of $0.75, beating the $0.59 consensus, on sales up 1%, and raised its fiscal 2027 sales growth forecast to low single digits from flat to 1% while lifting its EPS outlook to $3.05 to $3.35. NASA is preparing to buy rocket launches in bulk to secure scarce capacity for a permanent human base on the moon, a $30 billion program, evaluating purchases of four or five launches at a time with an initial round expected soon, according to moon base program manager Carlos García-Galán.
RBF Highlights Indonesia, Vietnam and India Markets Growing Over 20%, Eyes Qingdao Plant COD in 2027
R and B Food Supply Public Company Limited, or RBF, disclosed that its overseas markets, particularly Indonesia, Vietnam and India, are growing at more than 20%, driven mainly by Food Coating products, while its food ingredients and seasoning group is also showing better growth signals. Mr. Suranart Kittirattanadech, Chief Accounting and Finance Officer, told the Stock Vision news team that the domestic market in the third quarter of 2026 through the fourth quarter of 2026 remains flat amid a slowing economy and is under added pressure from rain and flooding, though the company still benefits from some domestic customers with export businesses. As for the investment plan for its plant in Qingdao, China, scheduled to begin commercial operation, or COD, in 2027, the company views it as a key strategic move for long-term growth, with revenue to be gradually recognized as the customer base expands, and as a future production and distribution base for other areas across China. For its cost management strategy, the company will consider reducing some production in Thailand and using capacity from its plants in Indonesia, Vietnam and India to produce and ship goods back for sale in Thailand, while using tax privileges from the Board of Investment to maintain profitability. As for its 2026 earnings outlook, the company expects the full year to be better than last year, even though total revenue may not reach double-digit growth because of the domestic slowdown and the impact of the floods, with overseas markets still a key driver supporting growth.
RBF.BK · Capital · Positive Qingdao plant scheduled for commercial operation in 2027 as a key long-term growth investment, with revenue recognized as customer base expands.
RBF.BK · Demand · Positive Overseas markets Indonesia, Vietnam and India growing over 20% driven by Food Coating products, with food ingredients and seasoning also improving.
Edible Garden Wins New Walmart Fresh Herb Program for Holiday Season
Edible Garden AG Incorporated announced it has been awarded a new fresh herb program with Walmart for the upcoming Thanksgiving through New Year holiday season. The holiday program represents incremental business layered on top of Edible Garden's existing Walmart distribution and three recently awarded Walmart distribution centers, expanding the company's relationship with the retailer across the Midwest, Mid-Atlantic and Northeast. The program is designed to meet increased consumer demand for core offerings including rosemary, sage, thyme, parsley and poultry-blend herbs, with preparations already underway across assortment, production planning, packaging, merchandising, logistics and replenishment. Chief Executive Officer Jim Kras said the award is particularly significant because it represents new business on top of already substantial Walmart distribution and follows three recent distribution center wins. Edible Garden plans to support the program using its vertically integrated production facilities, contract grower network, demand-planning capabilities and proprietary GreenThumb 2.0 technology.
EDBL · Demand · Positive Awarded a new Walmart fresh herb program for the holiday season, incremental business on top of existing Walmart distribution.
Kraft Mac & Cheese Launches Cheesy Ramen, First New Category in Nearly 20 Years
Kraft Mac & Cheese is entering its first new product category in nearly 20 years with the launch of Kraft Mac & Cheese Cheesy Ramen, available in Spicy, Chicken and Pork varieties nationwide in early 2027. The move takes the brand's signature cheese into the ramen aisle, a category valued at $2.7 billion and growing nine percent year over year, with the cheesy ramen segment having doubled over the past three years. Nicolas Henault, Vice President of Marketing for Kraft Mac & Cheese, said growing U.S. demand for cheesy ramen and consumer interest in bold flavors made the format a natural fit for a brand that has delivered cheesy comfort for nearly 90 years. The product, made with no artificial flavors, preservatives or dyes, follows this year's earlier release of Kraft Mac & Cheese PowerMac and forms part of Kraft Heinz's broader $700 million investment to revitalize its brands. Kraft Heinz reported approximately $25 billion in net sales in 2025 and sells its brands in more than 40 countries.
KHC · Technology · Positive Kraft Mac & Cheese launches Cheesy Ramen, its first new product category in nearly 20 years, targeting the growing $2.7B ramen aisle.
SMO reports Q2 2026 results with profit of 29.56 million baht, moves ahead with CPKO plant investment
SMO, or Samo Thong Group Public Company Limited, reported its second-quarter 2026 results with total revenue of 3,518.55 million baht, up 2.48% from the same period last year, and net profit of 29.56 million baht. Kusol Sripaurya, Chief Financial Officer, together with Dr. Sompop Sakphanpanom, Chairman of Asset Pro Management Company Limited, or APM, provided business information at a Dinner Talk seminar where listed-company executives met investors in Khon Kaen province. The company increased production capacity at its Phanom branch plant and subsidiaries, bringing the group's total installed capacity to 345 tons of fresh palm fruit per hour, an increase of 35.29%, to meet demand from both domestic and international partners. In addition, the company is proceeding with investment in a crude palm kernel oil, or CPKO, plant with a capacity of 300 tons per day, and the Evaporator–Green Project wastewater evaporator project at the Phanom branch in Surat Thani province, to create a new S-Curve and extend value-added products. It expects that once fully operational, these will generate additional revenue of more than 1,000 million baht per year, supporting long-term growth.
SMO.BK · Capital · Positive SMO reported Q2 2026 revenue up 2.48% and net profit of 29.56 million baht.
SMO.BK · Supply · Positive It raised group installed capacity to 345 tons/hour (+35.29%) and is investing in a 300-ton/day CPKO plant and wastewater evaporator project.
Orion Pharma signs European distribution deal with Qilu Pharma Europe for pembrolizumab biosimilar
Orion Corporation, known as Orion Pharma, has entered into an agreement with Qilu Pharma Europe to commercialise an intravenous pembrolizumab biosimilar in Europe. Under the terms, Orion Pharma gains the exclusive right to distribute, market and sell Qilu's IV pembrolizumab biosimilar across Europe, while Qilu will supply the product and receive a share of profits plus certain development, regulatory and sales milestone payments. Pembrolizumab is an immune checkpoint inhibitor used to treat various cancers, and Qilu is currently developing the IV version. Satu Ahomäki, EVP Generics and Consumer Health at Orion Pharma, said the deal expands the company's strategic partnership with Qilu and brings its division closer to its long-term targets and strategic goals. Orion Pharma reported net sales of EUR 1,890 million in 2025 and employs about 4,000 professionals worldwide.
0M2N.LSE · Demand · Positive Orion gains exclusive European rights to distribute, market and sell Qilu's IV pembrolizumab biosimilar, expanding its product portfolio and sales reach.
0M2O.LSE · Demand · Positive Orion B shares benefit from the same exclusive European distribution deal for Qilu's pembrolizumab biosimilar.
271560.KO · Demand · Positive Orion Corp is the parent entity behind Orion Pharma, which secured exclusive European commercialization rights for the pembrolizumab biosimilar.
Qilu Pharma Europe · Demand · Positive Qilu Pharma Europe secures a European commercialization partner and will receive profit share plus development, regulatory and sales milestones for its pembrolizumab biosimilar.
KCG Expects Q3 2026 Revenue to Recover to High Single Digit Growth on Year-End High Season
KCG Corporation Public Company Limited, or KCG, a manufacturer and distributor of Western food and snacks, disclosed that its third-quarter 2026 operating results are trending better than target, with revenue expected to recover to high single digit growth after the second quarter of 2026 fell short of target due to the impact of war and unrest abroad. Mrs. Kanokwanrat Srimaneesiri, Deputy Managing Director for Accounting and Finance, said the return to growth was driven by improved sales across dairy products, cooking and bakery products, and biscuits, while profit continued to grow well on cost management and control despite slight pressure from higher prices of key raw materials and plastic packaging stemming from the war. The fourth quarter of 2026 will enter the high season with strong sales, and the company plans to keep launching new products, including low sugar, zero sugar, and health-oriented product lines. Overseas markets grew slightly but below target due to the war and export issues in Cambodia, a key export market in the CLMV and ASEAN region, as well as large markets such as China and Japan. The company remains confident that its 2026 results will meet targets under the JUMP+ plan, expecting total revenue to grow an average of 6–8% per year and net profit to grow an average of 10–15% per year. As for the flood situation, water entered only a small storage room area, with no impact on the main distribution center; damage value was limited and is already covered by insurance.
KCG.BK · Capital · Positive Profit continued to grow well on cost management despite raw material and packaging cost pressure, with 2026 targets of 6-8% revenue and 10-15% net profit growth.
KCG.BK · Demand · Positive Q3 2026 revenue expected to recover to high single digit growth on improved sales across dairy, cooking/bakery, and biscuits, with strong Q4 high season.
XO 2Q26 revenue rebounds 12.7% QoQ, net profit 109.8 million baht
XO reported second-quarter 2026 results, with early signs of a sales recovery. Sales revenue came in at 583 million baht, down 4.8% year-on-year but up 12.7% quarter-on-quarter. Sales volume was 5,892 tonnes, up 5.8% quarter-on-quarter but down 5.5% year-on-year. The change in sales was driven mainly by the European market, which remains the key market, accounting for about 82.9% of sales. Net profit was 109.8 million baht, down 35.4% year-on-year, hit by a 59.7 million baht inventory write-down loss. That pushed gross profit margin down to 39.1%, but excluding that item, normal gross profit margin would be 49.3%, up from 46.8% in the second quarter of 2025. The impact from the chili stock has largely been recognised in the first half of 2026, and in the third quarter of 2026 only stock destruction costs of no more than 10 million baht are expected to remain. For the second-half 2026 outlook, momentum is expected to accelerate, with the third quarter of 2026 continuing to grow from the second quarter, and profit is seen growing faster than sales. Management confirmed that the second half of 2026 will be better than the first half and maintained its target of around 10% year-on-year revenue growth for 2026, after the first half of 2026 grew only 0.76% year-on-year. On long-term investment, the company is still investing in a new plant at Rojana, Laem Chabang, worth about 1.30 billion baht, targeting an increase in production capacity from 34,571 tonnes per year to no less than 43,905 tonnes per year in 2028.
XO.BK · Capital · Positive Q2 2026 revenue rebounded 12.7% QoQ and normal gross margin rose to 49.3%, with management guiding H2 2026 profit growth faster than sales.
XO.BK · Supply · Positive Company is investing 1.30 billion baht in a new Rojana plant to lift annual capacity from 34,571 to at least 43,905 tonnes by 2028.
Palm Valley Capital Flags Flowers Foods Margin Pressure as 2026 EPS Guidance Cut
Palm Valley Capital Management disclosed in its third-quarter 2026 investor letter that Flowers Foods was among the three positions that hurt the Palm Valley Capital Fund's quarterly performance, alongside Rayonier and Reynolds Consumer Products. The fund said Flowers Foods, a market leading producer of bread and bakery products, faces rising costs, intense competition, and a value-conscious consumer, with demand also affected by growing adoption of GLP-1 medications. During the second quarter, sales declined 4% and earnings per share fell to $0.21 from $0.30, and management lowered 2026 EPS guidance from $0.80 to $0.90 down to $0.75 to $0.85. Flowers Foods closed at $5.57 on October 02, 2026, with a $1.18 billion market capitalization, a roughly 48.81% year-to-date pullback, and a 52-week range of $5.40 to $13.13. The fund said it expects near-term trends to remain challenging but believes demand for bread will eventually stabilize, with comparisons becoming easier later this year and into 2027.
Palm Valley Capital Fund Initiates Small Position in Smithfield Foods
Palm Valley Capital Management disclosed in its third-quarter 2026 investor letter for the Palm Valley Capital Fund that it initiated a small position in Smithfield Foods, Inc. during the quarter. Smithfield Foods is the leading U.S. pork producer and an 87%-owned subsidiary of WH Group, another Fund holding, and the fund said it reduced its WH Group position at stronger prices during the summer. The fund noted that pork industry fundamentals have weakened amid higher feed costs, including corn, and softer demand as consumers opt for less expensive chicken, but that Smithfield derives the vast majority of its profitability from higher value packaged meats, including Farmland bacon, Eckrich sausage, Nathan's Famous hot dogs, and Armour lunch meat, rather than commodity fresh pork. Smithfield Foods closed at $18.86 on October 02, 2026, with a $7.43 billion market capitalization, a roughly 15.67% year-to-date pullback, and a 52-week range of $18.51 to $29.81, and the stock is paying a 6.7% dividend yield. During the quarter the Palm Valley Capital Fund gained 1.61%, while the S&P SmallCap 600 Index fell 7.93% and the Morningstar Small Cap Total Return Index decreased by 5.60%, with 75.5% of the Fund's assets in Treasury bills and equity-only performance of 4.8%.
SFD · Capital · Positive Palm Valley Capital Fund initiated a small position in Smithfield Foods during the quarter
0288.HK · Capital · Negative The fund reduced its WH Group position at stronger prices during the summer
Palm Valley Capital Management · · Neutral Palm Valley Capital Management is the fund manager whose letter disclosed the Smithfield position, not a traded asset
Lamb Weston Q1 Fiscal 2027 Earnings Preview: Estimates Point to Decline
Lamb Weston Holdings is expected to report a top-and bottom-line decline when it posts first-quarter fiscal 2027 earnings on Oct. 6, with the Zacks Consensus Estimate for revenues pegged at $1.7 billion, a 0.3% decrease from the year-ago reported number, and earnings of 59 cents a share, down 20.3% year over year. The consensus earnings mark has risen by a penny over the past seven days, and Lamb Weston carries a trailing four-quarter surprise of 24.6%, on average. Management expects first-quarter net sales to be flat and adjusted EBITDA to decline in the low-teens range before growth improves through the remainder of the year, citing carryover effects of prior-year potato costs, elevated edible-oil costs, and price/mix headwinds in North America and competitive conditions in EMEA. Partly offsetting these pressures, North America's continued sales-volume growth and market-share gains, customer wins, strong retention, and improved supply-chain execution are expected to support results. Lamb Weston currently carries a Zacks Rank #3 and an Earnings ESP of +3.61%, which the model says predicts an earnings beat.
LW · Capital · Negative Q1 FY2027 estimates point to revenue and EPS declines, with adjusted EBITDA expected down low-teens on potato and edible-oil costs and price/mix headwinds.
Nippon Ham Effectively Raises Schau Essen Price by Cutting Content to 107 Grams
Nippon Ham announced on the 5th that it has reduced the per-bag content of its flagship sausage product Schau Essen by 10 grams, from 117 grams to 107 grams. With the price unchanged, this amounts to an effective price increase. The change took effect with deliveries from the 1st. The company reviewed the content volume as raw material, labor, and energy costs continue to rise. The reference retail price for the two-bag pack remains 702 yen, and the company said it increased the weight of each individual sausage to boost customer satisfaction.
2282.JP · Pricing · Positive Nippon Ham effectively raised the price of Schau Essen by cutting content from 117g to 107g while keeping the 702 yen price, boosting margin per unit amid rising costs.
XO targets 2026 revenue of nearly 2.4 billion baht, invests 1.3 billion in new factory
Shares of Exotic Food Public Company Limited, or XO, closed at 19.00 baht, up 1.10 baht or 6.15%, on trading value of 24.68 million baht, after Chief Executive Officer Jittiporn Chantrat revealed that the global seasoning sauce market continues to expand. The global hot sauce market was worth approximately 120 billion baht in 2025 and is expected to grow at an average of 7.7-7.8% per year, reaching about 200 billion baht in 2032. Meanwhile, the sriracha sauce market was valued at approximately 19.3 billion baht in 2025 and is expected to rise to more than 30 billion baht in 2032. XO holds roughly 7.9% of the global sriracha sauce market. The company targets revenue growth of no less than 10% in 2026 from about 2.15 billion baht in 2025, which would amount to nearly 2.4 billion baht. It is also proceeding with investment in a new factory worth approximately 1.3 billion baht, funded about 70% by loans from financial institutions and about 30% by company cash. The plant is expected to be completed in the second quarter of 2028, with exports from the new factory beginning in the third quarter of 2028. Brokerage Globlex Securities raised its 2026 revenue forecast for XO to 2.37 billion baht from 2.26 billion baht, a 10% increase from the previous year. It expects gross profit margin of 47%, excluding the impact of inventory write-downs, and maintains its 2026 net profit forecast at 535 million baht, up 6% from the previous year. It also raised its target price to 19.20 baht from 15.60 baht and upgraded its recommendation from hold to speculative buy.
XO.BK · Capital · Positive Globlex raised XO's 2026 revenue forecast and target price to 19.20 baht with a speculative buy rating, and XO is investing 1.3 billion baht in a new factory.
XO.BK · Demand · Positive XO targets 2026 revenue near 2.4 billion baht on expanding global hot/sriracha sauce demand and its 7.9% sriracha share.
5 brokerages recommend buying TU with targets of 13.90-16 baht, expecting 3Q profit of 1.309-1.420 billion baht
Analysts from 5 securities firms recommend "buying" shares of Thai Union Group (TU) with target prices in the range of 13.90 - 16 baht, expecting third-quarter profit of 1.309 - 1.420 billion baht, with strong growth, and believe that the surge in tuna costs has already passed its peak, with long-term positive factors beginning to provide support. Yuanta Securities raised its 2026 - 2027 profit forecasts by 18% and 4% respectively, and set a new target price of 16.00 baht, an upside gain of 29%, expecting normal profit in 3Q26 of 1.420 billion baht, up 4.3% QoQ and 17.4% YoY, on revenue of 35.882 billion baht. Krungsri Securities maintained its Buy recommendation with a target price of 15.50 baht, expecting normal profit in 3Q26F of about 1.349 billion baht and normal profit forecasts for 2026-2027F of 5.135 billion baht and 5.970 billion baht respectively. Maybank Securities recommends buying with a target price of 14.50 baht, expecting net profit in 3Q69 of 1.3 billion baht, with results scheduled for reporting on 2 November. Pi Securities assesses fair value at 15.4 baht, expecting normal profit in 3Q26 of 1.400 billion baht, and states that flooding has not affected the group's production in any way. Meanwhile, Trinity Securities gives a target price of 13.90 baht, expecting profit in 3Q69 of 1.309 billion baht, up 4% QoQ and flat YoY, with gross margin expected at 20.6%, and maintains its 2026 profit forecast at 4.7 billion baht.
TU.BK · Capital · Positive Five brokerages recommend buying TU with target prices of 13.90-16 baht and raised 2026-2027 profit forecasts, expecting strong 3Q profit growth.
Brokers Expect TU's Q3/2026 Normal Profit to Grow 13-17%, With Dividend Yield of 5.7-7%
Analysts from 13 leading securities firms estimate that Thai Union Group Public Company Limited, or TU, will report normal profit in the third quarter of 2026 in the range of 1.349 billion to 1.42 billion baht, growing 13% to 17% year-on-year and 3% to 9% quarter-on-quarter. Total revenue is expected at 35.729 billion to 36 billion baht, growing 4% to 4.6% year-on-year, driven by the pet food business, where sales grew 12% to 17%, and the processed seafood business, which grew about 3% to 4%. The gross profit margin is expected at 20.3% to 20.7%, with a dividend yield of 5.7% to 7%. However, tuna prices surged to 2,200 to 2,300 US dollars per ton in August and September, up 34% to 42% year-on-year, and are expected to pressure fourth-quarter margins by about 0.5%. Meanwhile, SG&A expenses as a proportion of sales reached 14.6% to 14.8%, and a foreign exchange loss of about 100 million baht is expected in the third quarter of 2026.
Brokers expect TU's Q3/2026 profit to hold steady, recommend Buy with top target price of 15.40 baht
Several brokers have issued analyses of Thai Union Group Public Company Limited, or TU, expecting net profit in the third quarter of 2026 to hold steady from the same period a year earlier but rise slightly from the previous quarter. The fourth-quarter outlook is expected to soften on seasonal factors and high tuna prices, but full-year 2026 profit is still seen growing and continuing into next year, prompting a Buy recommendation along with target price estimates for 2027. Trinity Securities expects third-quarter net profit of 1.309 billion baht, up 4% quarter on quarter and steady year on year, maintaining its full-year 2026 profit forecast at 4.7 billion baht, up 2% year on year, with a Buy recommendation and a target price of 13.90 baht. Phillip Securities (Thailand) expects third-quarter profit of 1.252 billion baht, down 4.9% year on year and 1.0% quarter on quarter, on SG&A expenses, sea freight costs, marketing expenses, special M&A expenses and foreign exchange losses, maintaining its full-year 2026 profit forecast at 4.7 billion baht, with a Buy recommendation and a 2027 target price of 15.30 baht. Finansia Syrus Securities expects third-quarter net profit of 1.29 billion baht, up 2.5% quarter on quarter and steady year on year, with the September tuna price at 2,275 US dollars per tonne, up 8.3% quarter on quarter and 42.2% year on year, the highest in nine years, maintaining its full-year 2026 profit forecast at 4.78 billion baht, up 3.7% year on year, and 2027 at 5.04 billion baht, up 5.4%, with a Buy recommendation and a 2027 target price of 14.80 baht. It sees ITC's M&A deal likely to materialize in the fourth quarter of 2026, while Pi Securities recommends Buy with a target price of 15.40 baht, expecting third-quarter net profit of 1.306 billion baht, up 0.1% year on year and 3% quarter on quarter; excluding special items, normal profit would be 1.406 billion baht, up 14% year on year and 3% quarter on quarter, maintaining full-year 2026 profit at 4.854 billion baht.
Yuanta expects TU's Q3 normalized profit to grow 17%, raises target to 16 baht
Yuanta Securities estimates that the third-quarter 2026 normalized profit of Thai Union Group Public Company Limited, or TU, will come in at 1.42 billion baht, up 4.3% from the previous quarter and up 17.4% from a year earlier. Revenue is expected at 35.882 billion baht, growing 6.0% from the previous quarter and 4.0% from a year earlier, driven by the canned food and pet food businesses. The gross profit margin is expected at 20.7%, up from 19.0% in the third quarter of 2025, while net profit is forecast at 1.305 billion baht. The price of tuna rose in September to 2,200 to 2,300 US dollars per ton, after hitting a record high of 2,100 US dollars per ton in August, the first time the price exceeded 2,000 US dollars per ton, bringing the third-quarter average to about 2,075 US dollars per ton, up 17.3% from the previous quarter and up 33.9% from a year earlier. The research team therefore raised its 2026 and 2027 profit forecasts by 18% and 4% respectively, and set a new target price of 16.00 baht, based on 12.5 times earnings, maintaining a buy recommendation with 29% upside. It also expects a second-half dividend of 0.40 baht, representing a 3% return.
TU.BK · Capital · Positive Yuanta raised its 2026/2027 profit forecasts and set a new 16.00 baht target price with a buy rating on TU's expected Q3 normalized profit growth.
KKPS maintains Buy on TU with 16 baht target, expects strong Q3 2026 profit
Kiatnakin Phatra Securities, or KKPS, maintains a Buy rating on Thai Union Group, or TU, with a target price of 16.00 baht versus the current price of 12.40 baht, assessing that third-quarter 2026 results remain strong on growing sales and high gross margins. The research team expects TU to post net profit of 1.27 billion baht in the third quarter of 2026, down 2.4% from the same period a year earlier but up 0.7% from the previous quarter, bringing nine-month accumulated profit to 77% of the full-year 2026 net profit estimate. Sales are expected to grow in line with the company's target of 4-6% this year, and the gross margin is forecast at 20.3%, in line with management's target of more than 20% and the full-year target range of 19.5-20.5%, supported by a better product mix, especially the pet food business. The expense-to-sales ratio is expected at about 14.9% on higher freight rates and one-time financial advisory fees, which are expected to decline in the fourth quarter of 2026. On cost risk, higher tuna prices still have a limited effect in the third quarter of 2026 because the company holds about two months of raw material inventory, and tuna costs are expected to gradually be reflected in the fourth quarter of 2026 before easing after the fishing gear ban period ends. The research team views TU's core business, excluding items related to other businesses, as trading at a 2027 P/E of less than 3 times, with an estimated dividend yield of about 6%.
Finansia expects TU's Q3 2026 profit to reach 1.29 billion baht, recommends Buy with 14.80 baht target
Finansia Syrus Securities said in an analysis today that it expects Thai Union Group to post net profit of approximately 1.29 billion baht in the third quarter of 2026, up 2.5% from the previous quarter and flat compared with the same period last year. Earnings remain resilient despite pressure from rising expenses, supported by sales in the Ambient and Pet Food businesses, which continue to grow well. Meanwhile, if tuna prices decline in October, it would ease cost pressure and be a positive factor for margins in the next quarter. Finansia also maintained its forecast for TU's 2026 profit to grow 3.7% from last year, and shifted to a 2027 target price of 14.80 baht, seeing further upside from the merger and acquisition deal of i-Tail Corporation as well as the group's operational efficiency improvement plans. It therefore maintained its Buy recommendation.
Asia Plus maintains Buy on TU with 13.90 baht target, expects 3Q26 profit to grow 16%
Asia Plus Securities estimates that TU's net profit for the third quarter of 2026 will be 1.3 billion baht, and excluding foreign exchange losses, normal profit will be 1.4 billion baht, up 16% year-on-year and 3% quarter-on-quarter. The result is supported by sales that continue to grow in line with targets and margins that remain at a high level, which helps offset pressure from rising selling and administrative expenses. The research team expects sales this quarter of 36 billion baht, up 4.3% year-on-year and 6.4% quarter-on-quarter, driven by growth in branded products and OEM business in the Ambient group, especially in the US and French markets. The PetCare business is supported by global brand customers in the US, while the Frozen business is expected to decline slightly year-on-year on weaker demand for frozen products, as is the Feed business. Gross margin is expected at 20.3%, improving from 19.0% in the third quarter of 2025 but down from 21.4% in the second quarter of 2026, as tuna costs begin to rise. If third-quarter 2026 profit meets expectations, net profit and normal profit for the first nine months of 2026 will represent 79% and 77% of full-year profit. The research team maintains its Buy recommendation with a 2027 target price of 13.90 baht, based on a PER of 12 times.
TU.BK · Capital · Positive Asia Plus maintains Buy on TU with 13.90 baht target, forecasting 3Q26 net profit of 1.3bn baht, up 16% y/y on sales growth and high margins.
Adecoagro Redeems US$234.9 Million of 6.000% Senior Notes Due 2027
Adecoagro S.A. has redeemed all of its outstanding 6.000% Senior Notes due 2027, totaling US$234,923,000 in principal, at 100% of face value plus US$6.17 in accrued interest per US$1,000 of notes, with interest ceasing to accrue after the October 28, 2026 payoff. The early redemption removes Adecoagro's nearest bond maturity and reflects an emphasis on tightening its balance sheet and refining its liability profile. The move simplifies the company's debt stack and may modestly reduce balance sheet risk, though it does not change the near-term catalysts around sugar and ethanol profitability or the risk of margin pressure from volatile prices and weather. The redemption comes alongside Adecoagro's stronger 2026 results, with first half sales of US$929.69 million and net income of US$58.35 million turning around prior losses, and investors can weigh that improving profitability against the company's higher coupon 7.500% notes due 2032 and its recurring US$35 million dividend. Adecoagro's narrative projects $2.3 billion in revenue and $188.5 million in earnings by 2029, requiring 16.9% yearly revenue growth and a $196.8 million earnings increase from -$8.3 million today, while some of the lowest analysts already bake in about US$2.3 billion of revenue and US$210.9 million of earnings by 2029 yet still see more risk in the company's leverage reduction and energy projects than the redemption alone might suggest.
AGRO · Capital · Positive Adecoagro redeemed all US$234.9M of its 6.000% senior notes due 2027, removing its nearest maturity and tightening its balance sheet.
SMO unveils plan to raise capacity to 345 tonnes of fresh palm fruit per hour, presses ahead with CPKO plant investment
SMO Public Company Limited, or SMO, announced plans to expand production capacity and move forward with new investment projects at a Dinner Talk seminar for listed-company executives meeting investors in Khon Kaen province and nearby provinces. Kusol Sripaurya, Chief Financial Officer, and Dr. Somphob Sakpanpanom, Chairman of Asset Pro Management Company Limited, joined in presenting information about SMO's business. SMO reported second-quarter 2026 results with total revenue of 3.51855 billion baht, up 2.48% from the same period a year earlier, and net profit of 29.56 million baht. The company has increased production capacity at its Phanom branch plant and subsidiaries, bringing the group's total installed capacity to 345 tonnes of fresh palm fruit per hour, an increase of 35.29%, to meet demand from partners both in Thailand and abroad. In addition, the company is pressing ahead with investment in a palm kernel oil plant, or CPKO, with a capacity of 300 tonnes per day, and the Evaporator–Green Project wastewater evaporator project at the Phanom branch in Surat Thani province, to create a new S-Curve and extend value-added products. Once fully operational, these are expected to generate additional revenue of more than 1 billion baht per year.
SMO.BK · Supply · Positive SMO expanded group installed capacity to 345 tonnes of fresh palm fruit per hour (+35.29%) and is investing in a 300 t/day CPKO plant to serve partner demand.
KSL expects sugarcane crush to top 8.3 million tonnes next year on 17-month-high sugar prices
Chalach Chinthammit, Chief Executive Officer and Managing Director of Khon Kaen Sugar Industry Public Company Limited, or KSL, said that world sugar prices, which have risen to around 18.94 cents per pound, a roughly 17-month high, will be a positive factor for next year's crushing season, since all sugar to be sold this year has already been forward-contracted. For the 2026/2027 crushing season, which runs from December 2026 through no later than April 2027, KSL expects sugarcane crush volumes to grow from the previous season's estimate of about 8.3 million tonnes, driven by larger sugarcane output reaching the market and water availability for cultivation that remains consistently favorable. The recent weakening of the baht, averaging around 33.64 baht per US dollar, is an additional positive factor, since about 70% of KSL's revenue comes from exporting sugar products overseas. For the 2026 fiscal year, the company expects full-year results to swing to a profit, compared with a loss of 660 million baht in 2025, because this year there is no provision for expenses related to projects in neighboring countries, and the first nine months of this year already showed a profit of about 358 million baht.
KSL.BK · Pricing · Positive 17-month-high world sugar prices are a positive factor for KSL's next crushing season, with all this year's sugar already forward-contracted.
KSL.BK · Monetary · Positive The weakening baht (~33.64/USD) is an additional positive since about 70% of KSL's revenue comes from sugar exports.
SUGAR · Supply · Positive World sugar prices at a roughly 17-month high of ~18.94 cents/lb reflect tight global sugar supply conditions.
Onsemi announced a new agreement to acquire Synaptics for $123 a share in cash, revising the all-stock deal disclosed in June after an unsolicited competing proposal. Advanced Micro Devices said it would acquire World Labs, an AI model and research lab, in an all-stock transaction valued at nearly $8.2 billion. Hormel Foods agreed to acquire Brakebush Brothers, a value-added chicken provider, from the Brakebush family for approximately $1.055B, with the deal expected to close in the first quarter of fiscal 2027. Lynas Rare Earths agreed to acquire Australian peer Meteoric Resources in an all-stock deal valued at A$968M, or $672M. Mattel soared 19% after a report that the toymaker has recently received takeover interest from Authentic Brands, while Walgreens private-equity owner Sycamore is near a deal to sell the U.K. pharmacy chain Boots for close to $9 billion, including debt.
Bonduelle Posts Stable FY 2025-2026 Sales of 2,186.2 Million Euros
Bonduelle Group reported stable sales and profitability for fiscal year 2025-2026, with sales of 2,186.2 million euros, down 0.8% on reported figures but up 0.4% on a like-for-like basis. Current operating income fell 5.0% to 79.6 million euros, while the current operating margin reached 3.6%, and net income from continuing operations swung to a loss of 16.9 million euros from a profit of 19.7 million euros a year earlier. Including 33.1 million euros from discontinued operations, mainly the gain on the sale of the packaged salad business in France to the LSDH group, consolidated net income came to 16.2 million euros, compared with a loss of 11.5 million euros the previous year. The Europe Zone, which accounted for 62.8% of business activity, grew 1.3%, while the Non-Europe Zone, representing 37.2%, declined 1.0% on a like-for-like basis. A dividend of 0.25 euro per share will be proposed at the Annual General Meeting on December 3, 2026.
BON.PA · Capital · Neutral FY 2025-2026 sales roughly stable but current operating income fell 5.0% and continuing operations swung to a 16.9M euro loss, partly offset by the gain on the packaged-salad divestment.
Cal-Maine Posts Q1 Loss of US$58.62 Million, Suspends Dividend
Cal-Maine Foods reported a first-quarter fiscal 2027 net loss of US$58.62 million, swinging from prior-year net income, on sales of US$539.61 million, down sharply from US$922.60 million a year earlier, as oversupplied egg markets and lower conventional pricing weighed on results and led the company to suspend its dividend under its variable policy. Despite the loss, Cal-Maine continued repurchasing shares under its existing authorization. The company also moved to modernize operations by adopting Speria, MTech Systems' Amino platform, to integrate financial, warehouse, and flock management data, reinforcing its push toward higher value Specialty Shell Eggs and Prepared Foods, which now account for just over half of net sales. The quarter's loss and suspended dividend highlight the near-term risk of prolonged oversupply in conventional eggs compressing margins and cash returns, even as the key catalyst remains whether pricing can stabilize.
CJ CheilJedang and ADM to Form Amino Acid Joint Venture Majority Owned by CJ
CJ CheilJedang and ADM have agreed to form a new joint venture to secure a reliable, long-term source of feed-grade amino acids critical to the livestock industry, strengthening U.S. production, global supply chain resilience and U.S. food security. The joint venture will develop, manufacture and market fermentation-derived amino acids by combining CJ's fermentation production facilities in Fort Dodge, Iowa, and Piracicaba, Brazil, ADM's Decatur, Illinois, feed-grade amino acid plant, and CJ's Mexico, Brazil and U.S. sales offices, along with a license to CJ's intellectual property related to feed-grade amino acids for use by the joint venture within North and South America. CJ and ADM will give the JV exclusive rights to manufacture and sell feed-grade amino acids in the Americas, and CJ will be the majority owner. CJ will retain ownership of its intellectual property and its global fermentation businesses outside the scope of the joint venture, while ADM's other Decatur operations and its other global fermentation assets are not included in the transaction. The launch date for the proposed joint venture is subject to customary closing activities as well as regulatory approvals.
097950.KO · Capital · Positive CJ CheilJedang will be majority owner of the new amino acid JV, contributing its Fort Dodge and Piracicaba plants and licensing its IP.
ADM · Capital · Positive ADM contributes its Decatur feed-grade amino acid plant to a new JV with CJ, expanding its fermentation footprint and securing long-term amino acid supply.
MALEE to sell 65% stake in Vietnam's LQSF for about 40 million baht
Malee Group Public Company Limited, or MALEE, announced it is preparing to sell its investment in Long Quan Safe Food Company Limited, or LQSF, a business in Vietnam in which it holds a 65% stake. The sale value is expected to be about 40 million baht, with the transaction expected to be completed by December 2026. MALEE has invested in the Vietnam business since 2018. LQSF operates an OEM beverage manufacturing business with a large factory with production capacity of about 330 million liters per year, close to the combined capacity of the company's factories in Thailand, namely the Sam Phran plant at 205 million liters and the Pak Chong plant at 121 million liters per year. Krungsri Securities Public Company Limited views the divestment as neutral to slightly positive for MALEE, as over the long term it will help reduce the burden of losses from the Vietnam business. MALEE has recognized losses based on its 65% shareholding of roughly 10 to 30 million baht per year, or about 6% to 15% of profit, and is expected to begin seeing a positive effect on earnings from 2027. For the short-term impact, Krungsri expects MALEE may record a one-time loss from the divestment of about 10 to 20 million baht, which is expected to be booked in the third quarter of fiscal 2026 and is not yet included in current earnings forecasts. Krungsri also maintained its Neutral recommendation with a 2026 target price of 4.30 baht per share, based on a price-to-book value of 0.9 times, and kept its forecast for normal profit in 2026 at 74 million baht, down 75% year on year, while net profit is expected to fall 63% year on year.
MALEE.BK · Capital · Positive MALEE is selling its 65% stake in Vietnam's loss-making LQSF for about 40 million baht, which Krungsri views as neutral to slightly positive as it reduces annual losses from the Vietnam business.
Long Quan Safe Food · Capital · Neutral Long Quan Safe Food is the Vietnam OEM beverage business whose 65% stake MALEE is divesting; the sale is a transaction affecting its ownership rather than a clear directional driver for LQSF itself.
Krungsri Securities Public Company Limited · Capital · Neutral Krungsri Securities is only cited as the analyst issuing the view and maintaining a Neutral rating with a 4.30 baht target price on MALEE, not a subject of the transaction.
Tisco and ASL upgrade TFG to Buy, targets 12.70 and 12.50 baht
Tisco Securities has upgraded Thai Foods Group, or TFG, to "BUY" with a rolled-over 2027 target price of 12.70 baht, based on a PER of 9 times, or the sector average plus 0.5 standard deviations, up from 7.4 times previously. It also raised its 2026-2027 profit forecasts by 3% and 8% respectively, citing a retail business growing faster than expected and recovering pork and chicken prices, and said it believes earnings passed their bottom in the second quarter of 2026. ASL Securities, meanwhile, gave a "BUY" rating with a 2027 forecast target price of 12.50 baht, noting that the shift to market-driven retail is an important new S-curve. TFG's total revenue rose from about 34 billion baht in 2021 to 72 billion baht in 2025, an average growth rate of roughly 16% a year, and in 2026 the company aims to open another 260 branches, bringing the total to 875 branches by year-end, after opening 133 branches in the first half, or 51% of the full-year target. ASL estimates 2026 net profit at about 7 billion baht, down 5.5% from the previous year, while total revenue still grows to roughly 76 billion baht, up 5.5%, and it estimates ROE at about 33% and dividend yield at 6.6%, compared with sector averages of 16.14% and 4.4% respectively.
TFG.BK · Capital · Positive Tisco and ASL both upgraded TFG to BUY with higher target prices and raised 2026-2027 profit forecasts.
TFG.BK · Demand · Positive Analysts cite retail business growing faster than expected and recovering pork and chicken prices, with 260 new branches planned for 2026.
McCormick, Conagra, Recon, Yiren and RedHill Report Earnings in Choppy Market Week
McCormick & Company reported third quarter net sales up 17.4%, including a 0.9% favorable currency impact, with organic sales growth of 1.9%, adjusted operating income of $359 million versus $294 million a year earlier, and adjusted earnings per share of $0.86 versus $0.85, while reaffirming its fiscal 2026 outlook and citing progress on integration planning for its proposed combination with Unilever Foods. Conagra Brands reported first quarter fiscal 2027 net sales down 1.4%, with organic net sales down 1.1%, reported diluted earnings per share up 5.9% to $0.36 and adjusted earnings per share up 5.1% to $0.41, and reaffirmed fiscal 2027 guidance of organic net sales change between negative 3% and negative 1%, adjusted operating margin of 10.0% to 10.5%, and adjusted earnings per share between $1.40 and $1.50. Recon Technology reported fiscal year 2026 total revenue of RMB109.9 million, or $16.2 million, up 65.8% from RMB66.3 million, with gross margin improving to 33.2% from 23.0% and net loss narrowing to RMB31.6 million, or $4.7 million, from RMB43.7 million, or $6.4 million, and also began operations at its waste plastic chemical recycling plant in Weifang, Shandong Province. Yiren Digital reported second quarter 2026 total loans facilitated of RMB6.3 billion, down 29% from the first quarter and down 69% year over year, with repeat borrowers at 82% of total loans facilitated, insurance clients up 281% year over year and new policies up 177% year over year, and a new share repurchase program of up to $20.0 million authorized on July 2, 2026. RedHill Biopharma acquired exclusive global and U.S. commercialization rights to Rebyota and Clenpiq for a $12 million upfront cash payment funded by $18 million received upfront from its Talicia divestment, with the two GI brands generating approximately $37.5 million in 2025 net sales under Ferring Pharmaceuticals, and also divested its 70% stake in Talicia for $18 million upfront plus up to $35 million in potential worldwide net sales milestone payments.
CAG · Capital · Negative Conagra reported Q1 FY2027 net sales down 1.4% with organic sales down 1.1% and reaffirmed weak guidance of negative 3% to negative 1% organic sales.
MKC · Capital · Positive McCormick reported Q3 net sales up 17.4%, adjusted operating income of $359M vs $294M, and reaffirmed its fiscal 2026 outlook.
SMO announces Surachai Jittaratsenee resigns as board chairman, effective 1 October 2026
SMO, or Samo Thong Group Public Company Limited, announced through the Stock Exchange of Thailand that Surachai Jittaratsenee has resigned from his positions as chairman of the board, company director, and chairman of the risk management committee before completing his term. The company cited health problems as the reason. The resignation takes effect from 1 October 2026 onward. Surachai began serving as chairman of the board on 16 February 2023 and his tenure ends on 1 October 2026, coinciding with the end of his roles as chairman of the risk management committee and company director.
SMO.BK · · Neutral Board chairman Surachai Jittaratsenee resigns for health reasons effective 1 October 2026; no clear positive or negative operational driver stated.
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