TFG pork-chicken demand is rising – Thunhoon

#TFG #Than Hoon – TFG continues to expand “Thai Foods Fresh Market” by adding 400 branches, driving total revenue in 2023 to grow 15% compared to the previous year at 52,697 million baht. pointing to high demand for pork and chicken An investment budget of approximately 3,000-3,500 million baht is invested in an animal feed factory / Vietnamese pig farm. and break the line of the animal feed business for strong future sales

Mr. Winai Tiewsomboonkit Chief Executive Officer Thai Foods Group Public Company Limited or TFG Revealed that in 2023, the revenue target was set to grow by 15% from the year 2022 with a total income of 52,697 million baht, an increase of 48% from 35,503 million baht in the same period last year. and had a net profit of 4,722 million baht, an increase of 741% from 562 million baht in the same period last year. This was driven by strong sales growth. This corresponds to the increasing demand for pork and chicken. After the COVID-19 situation unravel in a better direction causing the whole world to loosen the lockdown

Pork-chicken demand is high.

With the business plan for the year 2023, the company prepares to expand into new customer groups. both domestically and internationally to increase sales In addition to the business model in terms of retail business that will become another supporting force for the overall picture to go according to the plan.

The company’s chicken and pork business this year is expected to continue to be good. from the shortage This causes the trend of pork and chicken prices to continue to stand high. It was also supported by the expansion of pig farming capacity in Thailand and Vietnam. And focusing on selling chicken to a channel that has more value Especially the way to export chicken to foreign countries. support total income and consistently good profitability

The company prepares to expand “Feed business” in Vietnam after 10 years of expanding the swine business. coming continuously, which currently produces more than 40,000 pigs per month and by 2024 is expected to increase to 80,000 per month and currently has a market in Vietnam ranked 4-5 with the expected market Chart at the end of 2023 will rise to number 3 according to the set goal.

“In 2023, Vietnam this year the company will start the animal feed business. The company has been investing in the swine business in Vietnam for more than 10 years and plans to expand further this year as the country has high growth potential. The young population and having a high GDP figure can recover from COVID-19 in a “V-Shape” way, and in the long term, it can grow very well, ”said Winai.

Go through Thai Foods

In 2023, the company will focus on expanding the retail business base under the brand “Thai Foods Fresh Market” to increase margins. It plans to open 400 new branches within this year from approximately 220 branches at the end of 2022 to meet customer demand. Which currently has sales per store per day at about 122,828 baht, with a proportion of sales from pork and chicken at about 81.4%, with an estimated total revenue target this year of “Thai Foods Fresh Market” is expected to be 14,000 million baht from 2022 at around 6,000 million baht and will try to maintain the gross profit margin at 20% or more.

In addition, the company prepares an investment budget of about 3,000-3,500 million baht to support the plan to expand the animal feed factory and pig farm in Vietnam, to enhance the potential of the chicken farm business in Vietnam. Including the expansion of branches in the retail business. as well as improve business in various parts Hope to enhance the potential of operations to be better in the future.

Dividend payment 23 May 2023

However, the Board of Directors’ meeting resolved to pay dividends from the operating results of the year. 2022 in cash at the rate of 0.30 baht per share, high dividend yield of 5.5% (interim payment of 0.10 baht, representing a total dividend yield of 7.3%), which will be paid to shareholders who are entitled to receive dividends as listed on the due date. Shareholders’ rights (Record Date) on May 8, 2023 and dividend payment scheduled on May 23, 2023

Know the game, know before anyone else, follow “Thun Hoon” here.



Tiktok Click

[email protected] click


Twitter Click

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.