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January 27, 2014

Thailand

CP Foods Upgraded

 

Bualuang Securities, a brokerage firm headquartered in Bangkok,has upgraded its rating on CP Foods to a buy because it’s fully confident that its shrimp unit will become profitable again in 2014.

 

The unusually cool weather in January 2014 may result in lower first-quarter shrimp output than expected, but by the second quarter of 2014, the shrimp unit should be making money again, followed by gradual improvement in the third and fourth quarters.

 

Source: The Nation.  Charoen Pokphand Foods.  January 27, 2014.

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