CPF shares rose 2.67% to 23.10 baht after ASL Securities took a positive view on the profit outlook for the second half of 2026, expecting net profit to expand both compared with the first half and the same period last year. This is supported by Thai swine prices, which are expected to rise 23% to 75 baht per kilogram, and Chinese swine prices, which have already passed their lowest point. Management sees a chance for Chinese swine prices to recover to 12 to 13 yuan per kilogram from 10.1 yuan in the second quarter of 2026, while demand for chicken exports to Europe is expected to grow 8 to 9 percent. ASL Securities maintained a buy recommendation with a 2027 target price of 24.10 baht, based on a price-to-earnings ratio of 9.2 times, and expects a 2026 dividend yield of 4.0 percent. CPF will pay an interim dividend of 0.45 baht per share, with the stock trading ex-dividend on 31 August 2026 and the dividend paid on 11 September 2026.
Charoen Pokphand Foods Public Company LimitedBroker maintains buy with higher target, expects profit recovery and dividend.
