On Friday at 12:05 PM (Bangkok time), the share price of Thaifoods Group Public Company Limited (SET: TFG) jumped by 3.41% or THB 0.17 to THB 5.15, with a trading value of THB 94.96 million.
Charoen Pokphand Foods Public Company Limited (SET: CPF) advanced by 0.95% or THB 0.20 to THB 21.20, with a trading value of THB 138.34 million.
Betagro Public Company Limited (SET: BTG) added 1.16% or THB 0.20 to THB 17.50, with a trading value of THB 16.99 million.
Finansia Syrus Securities (FSS) stated that shares of livestock and meat-producing companies have advanced, driven by rising pork prices in both Vietnam and Thailand.
Over the past one to two weeks, pork prices in Vietnam have surged from VND 47,000–50,000 to about VND 62,000–63,000, providing a lift to TFG and CPF. Similarly, higher pork prices in Thailand have benefited both of the mentioned companies and BTG. Meanwhile, pork prices in China remain subdued, putting pressure on CPF’s outlook in the market segment.
The analyst noted that valuations in the meat sector have come down. CPF and BTG are currently trading at price-to-earnings (P/E) ratios of 9–10 times, while GFPT trades at 6–7 times earnings.
Previously, TFG’s P/E was as low as 5 times—the lowest in the sector—and it remains below 6 times. Lower share prices have boosted dividend yields to attractive levels of 4–5% for the sector, with TFG offering the highest yield at around 9% due to its low P/E ratio.
TFG has also addressed market concerns about the high proportion of its shares used as margin loan collateral, which had reached 44% in the first half of 2025. The figure has recently been reduced to 13.1% as of November, alleviating previous worries.
As the majority of TFG’s earnings still come from its volatile meat business, which causes its operational performance to fluctuate, the company is expanding its retail outlet network to mitigate such impact. Retail now accounts for 37% of total revenue.
Additionally, the company intends to separate and list its retail business on the stock exchange over the next two years, which is expected to add value to the group.
