Century Pacific Food's Business Fundamentals Look Strong -- Market Talk

Dow Jones

Nov 26, 2024

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)

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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. 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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 23:14 ET (04:14 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CNBKA","symbol_name":"世纪银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486011887","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486011887","pubTimestamp":1732594440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0414 GMT - Century Pacific Food's business fundamentals look strong, Maybank Securities' Daphne Sze says in a research report. 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Shares are 1.0% higher at PHP41.90. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 25, 2024 23:14 ET (04:14 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}