บทวิเคราะห์ (Research)

Reiterate BUY with higher TP of THB12 We maintain our BUY call on GFPT given strong 1Q25 results, continued low feed costs, and stable domestic chicken prices. Additionally, broiler export demand will likely stay strong amid tight global supply and demand for affordable protein. As such, we raise TP to THB12 (based on 7x FY25E P/E, -1 SD its 5-year mean) after our 3-5% upward revision to EPS. GFPT is trading at a cheap 6x FY25E P/E, -1.25 SD its 5-year mean.