Charoen Pokphand Foods stock reports higher Q2 revenue as profit falls

Published on 09/30/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Charoen Pokphand Foods stock delivered THB 147.84 billion in Q2 2026 revenue, while net profit fell to THB 4.08 billion. CLSA raised its target to THB 27.00.

CPF, TH0101010003, Illustration mit AI erstellt.

Charoen Pokphand Foods stock is anchored by Q2 2026 revenue of THB 147.84 billion, while net profit fell to THB 4.08 billion. The figures show a wider spread between sales growth and earnings performance, with the company also investing THB 334.7 million in Brew Factory.

Revenue rises as profit falls

According to IT Boltwise on September 30, 2026, quarterly revenue increased from THB 137.30 billion to THB 147.84 billion. That THB 10.54 billion increase was accompanied by a decline in net profit from THB 4.87 billion to THB 4.08 billion, while EPS dropped from THB 0.58 to THB 0.50.

The comparison makes profitability the central issue for the Q2 2026 result. Revenue increased by 7.68 percent from the prior quarter, but net profit decreased by 16.22 percent over the same period, indicating that higher sales did not translate into higher quarterly earnings.

CLSA raises target to THB 27

According to Kaohoon International on September 4, 2026, CLSA upgraded CPF from Hold to Outperform and raised its target price from THB 19.00 to THB 27.00. The brokerage linked its view to improving pork prices in Thailand and China, better livestock margins and resilient earnings from Vietnam.

CLSA cut its 2026 core profit forecast by 9.00 percent because of weaker first-half operations, but it expects core profit growth of 20.00 percent in Q3 2026 and EPS growth of 15.00 percent in 2027. The opposing signals place greater weight on margin recovery than on revenue alone.

SET price and earnings frame

CPF was at THB 21.60 on the SET on September 29, 2026, down THB 0.40 or 1.82 percent from THB 22.00. The 52-week range was THB 18.10 to THB 24.00, leaving the stock 10.00 percent below its yearly high.

The company said it expects to hold 51.00 percent of Brew Factory after both investment steps. Brew Factory reported THB 210.00 million in revenue and THB 15.00 million in net profit for the five months through May 2026, adding a smaller beverage asset to CPF's integrated food and agriculture portfolio.