On Wednesday at 11:07 AM (Bangkok time), the share price of Thaifoods Group Public Company Limited (SET: TFG) surged by 3.62% or THB 0.25 to THB 7.15, with a trading value of THB 160.71 million.
Trinity Securities views TFG as a standout stock in the Food sector, which is considered one of the four fundamental necessities for consumption. This positioning helps limit the impact from ongoing wars, particularly as the company’s international markets continue to see strong chicken export performance.
TFG plans to expand further into the Vietnamese market to grow its customer base within the ASEAN region. The company also intends to open more than 200 new branches of Thai Food Fresh Market this year, a segment that offers attractive margins.
Additionally, the brokerage firm noted that TFG provides a dividend yield of over 9%, making it one of the most prominent food sector stocks.
