0414 GMT - Century Pacific Food's business fundamentals look strong, Maybank Securities' Daphne Sze says in a research report. The branded food company's earnings growth trajectory seems stable, given its net income for the first nine months of 2024 was in line with consensus expectations. The Philippine-listed company has high returns on equity versus its peers and an improving revenue contribution from its emerging businesses, the analyst adds. The brokerage forecasts the company's 2024 and 2025 earnings growth at 21% and 15%, respectively. It raises the stock's target price to PHP47.00 from PHP40.00 to reflect assumptions for stable raw material prices, while maintaining a buy rating. Shares are 1.0% higher at PHP41.90. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 25, 2024 23:14 ET (04:14 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。