Land and Houses Securities has issued an analysis recommending a buy on BTG with a target price of 23.62 baht, and on ICHI with a target price of 16.36 baht, while also assessing support and resistance levels for each stock. For BTG, second-quarter 2026 results came in below expectations, with net profit of 598.4 million baht, down 76.9 percent from a year earlier, due to weaker domestic pork and chicken prices, higher raw material and transport costs, and a special expense of 128 million baht from writing off tax credits in Cambodia. However, the second half is expected to recover as meat prices improve on tighter supply and accelerating domestic demand. For ICHI, second-quarter 2026 profit was 309 million baht, down 24.1 percent from a year earlier but up 7.9 percent from the previous quarter, as overseas sales fell sharply even though domestic sales still grew 6.6 percent. The company announced an interim dividend of 0.45 baht per share. Normal profit in the third quarter is expected to be flat from the previous quarter, supported by new products in collaboration with well-known brands, overseas market expansion, and cost control.
Betagro PCLQ2 profit down 76.9% on weaker pork/chicken prices and higher costs, but H2 recovery expected
Ichitan Group Public Company LimitedBuy recommendation with target price, interim dividend, and expected flat Q3 profit with new products
