Charoen Pokphand in Vietnam has issued a firm denial regarding recent allegations circulating on social media about the sale of diseased pork. In response to these claims, official inspections have confirmed the pork was neither expired nor contaminated.
Krungsri Securities wrote in a short note that after a quick comment with CPF’s management team, the company clarified several points concerning the false allegations: the individual responsible for the post is a disgruntled former employee who was terminated and sought vengeance against the company; they circulated misleading images of pigs slated for disposal in 2022 to cast CPF in a bad light.
Upon inspection, government officials noted marks on the surface of the pork, which initially led them to advise against its sale. Nevertheless, they did not interpret these markings as indicative of disease. Consequently, the pork in question was never released to the market.
Following the allegations, Vietnamese authorities conducted thorough inspections of CPF’s facilities in Vietnam and affirmed that the cleanliness and quality standards are well-maintained. CPF has maintained transparency and asserts that the claims hold no truth.
KKS commented that from an investment perspective, this news is regarded as neutral. CPF has provided a clear explanation and in-depth inspection results, suggesting no significant impact on sales or its operational performance. The incident might only trigger minor short-term concerns among consumers.
