Phillip Securities upgrades CPF stock to Buy at THB 27.00
Published on 10/13/2026 at 05:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Phillip Securities upgraded Charoen Pokphand Foods to Buy with a THB 27 target on September 18, 2026.
- Second-quarter 2026 revenue reached THB 147.84 billion, while net profit was THB 4.08 billion.
- Maybank forecast 30.00 percent year-over-year growth in core earnings per share for 2027.
- The last Lang & Schwarz quote was EUR 0.56 on October 12, 2026 at 10:58 p.m. CEST.
Phillip Securities upgraded Charoen Pokphand Foods from Accumulate to Buy and set a THB 27.00 target on September 18, 2026, according to MarketScreener. The move followed second-quarter results that showed revenue of THB 147.84 billion and net profit of THB 4.08 billion.
Three dates define the recent story
MarketScreener lists the company results of August 14, 2026, including second-quarter earnings and first-half results through June 30, 2026. On September 16, 2026, CPF established a Cambodian food-trading subsidiary with capital of KHR 200.00 million, equivalent to THB 1.64 million, according to Zonebourse. The September 18, 2026 Phillip Securities upgrade was the latest of the three events.
What does the target mean?
Maybank Securities rated CPF Buy at THB 27.25 on September 21, 2026 and forecast 30.00 percent year-over-year growth in core earnings per share in 2027, according to Kaohoon International. The firm cited recovering meat prices in Thailand and China, while rising soybean meal costs and a black-chin tilapia lawsuit remain counter-factors in its assessment.
The earnings comparison is mixed. CPF's second-quarter revenue increased from THB 137.30 billion in the first quarter, but net profit declined from THB 4.87 billion, while earnings per share fell from THB 0.58 to THB 0.50, according to IT Boltwise. That combination puts profit quality and cost control alongside revenue growth in the valuation debate.
Next reporting date is November 12
Finzer lists November 12, 2026 as CPF's next earnings date. The date gives investors a defined checkpoint for judging whether the second-half recovery cited by Maybank is visible in the next report.
Euro quote remains dated
The last quote at Lang & Schwarz stood at EUR 0.56 on October 12, 2026 at 10:58 p.m. CEST. Charoen Pokphand Foods is listed on the SET under ticker CPF, with a 52-week range of THB 18.10 to THB 24.00 and market capitalization of THB 162.2 billion as of October 12, 2026.
Charoen Pokphand Foods at a glance
- Company: Charoen Pokphand Foods Public Company Limited
- Ticker: CPF
- Primary exchange: SET
- Price Lang & Schwarz as of October 12, 2026, 10:58 p.m. CEST: EUR 0.56
- Market capitalization: THB 162.2 billion as of October 12, 2026
- 52-week range: THB 18.10-THB 24.00 as of October 12, 2026
- Sector / Industry: Consumer Staples / Food and Tobacco
Market context: Latest market reports.
