0126 GMT - Thaifoods Group's short- and long-term business outlook appears solid, UOB Kay Hian analysts say in a research report. It has shifted its strategy from a production-driven company to adopting a market-driven approach to reduce exposure to volatility in commodity prices, the analysts say. The Thai company's retail segment is a key growth driver, with it planning to increase retail store count to 1,000 within the next two-three years from nearly 700 branches currently. Earnings of the producer and distributor of food products are likely to improve on quarter in 1Q, supported by an increase in gross profit margin due to higher livestock prices. The brokerage raises the stock's target price to THB7.80 from THB6.50, with an unchanged buy rating. Shares last closed at THB7.15. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 21:26 ET (01:26 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.

