GFPT expects better Q3 2026 profit on strong orders and price hikes
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GFPT Public Company Limited, or GFPT, expects its operating results in the third quarter of 2026 to improve further from the second quarter of 2026, driven by continued growth in both domestic and overseas orders, in line with the arrival of the sales season, together with the company's upward adjustment of prices on some products to reflect higher costs. Mr. Weera Thityangkuruwong, manager of the investor relations department, said the weaker baht, which has fallen to around 33.25 baht per dollar, is a positive factor for the company's export revenue. Meanwhile, domestic feed corn prices have dropped significantly from around 13.00 to 13.20 baht per kilogram to below 10 baht per kilogram, or an average of about 9.70 to 9.80 baht per kilogram, supporting the possibility that the gross margin in the third quarter of 2026 will improve from 16.9% at the end of the second quarter of 2026. As for the new chicken slaughterhouse project in Chonburi province, with a capacity of 150,000 birds per day, commercial operations are expected to begin in 2027. On the analyst side, Asia Plus Securities recommends a "buy" on GFPT shares with a target price of 11.15 baht, and has raised its full-year 2026 profit forecast to 2.08 billion baht, supported by a recovery in domestic chicken selling prices above 40 baht per kilogram, compared with an average of 38 baht per kilogram in the second quarter of 2026, and chicken frame prices rising to 11 to 12 baht per kilogram from an average of 10 to 11 baht per kilogram.