Mr. Vasit Taepaisitphongs, Chief Executive Officer and President of Betagro Public Company Limited (SET: BTG), informed Kaohoon that the company’s 2Q25 performance would continue growing from the previous quarter and the same quarter of the previous year. This development is due to three support factors.
The first factor is the adjustment of the product portfolio that enhances the company’s ability in generating profit, with focus on managing product and distribution channels toward those with higher profit margins. The second factor is the livestock price that is at a positive level, while the third factor is the animal feed costs that are continuing to shrink. BTG plans to announce its second quarter financial result on August 13.
Regarding the performance in the latter half of the year, BTG speculated its sales volume and price will grow from the same period of last year. This development is due to the company’s strategy in expanding manufacturing continuously and the focus on products, which include the distribution channel that enhance the company’s ability in generating profit.
As for the pork price that is marginally declining, BTG anticipated that this would be a short term event. Meanwhile, the price of chicken continues to grow due to the expansion of international demand, especially from European countries.
BTG estimated that its 2025 revenue would grow 3 – 7% YoY from THB 114.9 billion due to the business growth, especially in the food and protein segments. Meanwhile, the company also reported its total revenue of THB 30.44 billion in the first quarter.
In addition, BTG’s current revenue generated from Cambodia is about 3 – 4% of the total revenue. Since the company has its manufacturing base and domestic distribution channels there, the current tension between Thailand and Cambodia would not significantly affect the company’s business.
The analysts from Yuanta Securities (Thailand) currently have a caution view on stocks related to animal husbandry. Despite BTG possibly having a strong growth in 2Q25, risks still persist in the third quarter due to the declining pork prices. Yuanta noted that the recent weakness in share price is not an entry point as investors should wait for signs of price recovery in domestic pork price.
Therefore, the securities company has recommended a “TRADING” rating for BTG, with a target price of THB 25 per share.
