Finansia Syrus Securities has recommended Betagro Public Company Limited (SET: BTG) as a speculative buy, setting a target price at 20 baht per share. The recommendation comes after Betagro posted a third-quarter 2025 (3Q25) net profit of 1.17 billion baht, which was in line with analysts’ expectations. Though the quarterly profit declined by 55% from the previous quarter, it still saw a 19% year-on-year increase.
The company’s sales volume continues its growth trajectory, and a decrease in livestock farming costs has cushioned some of the negative impact from declining pork prices. According to Finansia Syrus Securities, these factors allowed Betagro to maintain resilient performance despite an unfavorable pricing environment.
Recent data show a recovery in Thai pork prices during November 2025. After the annual vegetarian festival, prices rose from 56 baht per kilogram to the current 64 baht per kilogram. This uptrend is attributed to a reduction in piglet supply and the government’s economic stimulus measures. With pork prices likely to increase further, Betagro is poised to benefit from the industry’s gradual recovery.
Additionally, the company’s ongoing share buyback program has helped support its share price and limit downside risk. Finansia Syrus notes that this continues to provide investor confidence during a period of market uncertainty.
Currently, Finansia Syrus identifies Betagro’s key support levels at 15.50 – 15.40 baht and resistance levels at 16.30–16.50 baht, with a next resistance level at 17 baht.
