บทวิเคราะห์ (Research)

4Q24 normalized profit is estimated at B3.92bn, falling 40%qoq due to seasonal effect and lower meat prices; sales and profit margin are expected to fall qoq. Yet, 4Q24 normal profit is projected to improve significantly from 4Q23 normal loss of B7.33bn thanks to lower cost of livestock growing and higher meat prices (especially pork prices in Thailand, Vietnam, and China); shared profit from associates is expected to grow yoy (especially CTI in China).