Mr. Phet Nantavisai, Chief Executive Officer of Thaifoods Group Public Company Limited (SET: TFG), stated that the company’s operational outlook for the second half of 2026 remains positive, with continued growth expected. This outlook is supported by favorable trends in both the swine and poultry businesses, particularly in export markets where demand remains robust.
Japan continues to be the main export destination for TFG, while the United Kingdom is demonstrating outstanding growth, reflecting increasing consumption demand. At the same time, swine prices in Vietnam have stabilized at a favorable level, while the prices of swine and poultry in Thailand have risen since May, leading to an expected continuous improvement in the company’s revenue.
TFG’s new animal feed plant in Vietnam is anticipated to commence commercial operations in the latter half of this year. More than 70% of this plant’s production capacity will be used internally within the group, expected to support cost reduction, enhance supply chain management efficiency, and strengthen overall competitiveness.
The company’s retail business, Thai Foods Fresh Market, continues to serve as a new growth driver following a stronger-than-expected consumer response. As a result, TFG has revised its target for the number of branches by the end of 2026 to 875, up from the previous target of 850.
As of the end of 1Q26, TFG had already opened 690 branches. This expansion is helping increase recurring revenue and supporting the company’s transition towards a fully market-driven business model.
“Supported by factors such as agricultural product prices, expansion into export markets, efficient cost management, and growth in the retail business, the company remains committed to its 2026 revenue growth target of 10–15%. There is also an opportunity to achieve a new all-time high in revenue,” Mr. Phet said.
TFG has also been selected for inclusion in the SET50 Index for the second half of 2026, following its addition to the MSCI Global Small Cap Index. This recognition is expected to increase investment opportunities from both domestic and international funds, enhance trading liquidity, and improve awareness among global institutional investors.
Recently, TRIS Rating upgraded TFG’s corporate and unsecured debenture credit rating to ‘BBB+’ from the previous ‘BBB.’ This reflects the company’s strengthened operating performance, reduced liabilities, robust cash flow generation, and successful expansion in the retail business, which together contribute to greater revenue and profit stability in the long term.
According to Mr. Phet, recognition from both the capital market and credit rating agencies underscores TFG’s growth potential in terms of performance, financial position, and business strategy. These achievements are set to be a crucial foundation for sustainable growth and strong returns for shareholders over the long term.
