Betagro Faces Earnings Hit in 3Q From Weak Livestock Prices -- Market Talk
Dow Jones
Oct 20
0205 GMT - Betagro faces an earnings hit in 3Q from weak livestock prices, UOB Kay Hian analysts say in a research report. The agro-industrial and food company's net profit is likely to fall 55% on quarter, as weaker swine average selling prices outweighed lower soybean meal costs, the analysts say. Thailand's swine prices fell in 3Q owing to the rainy season and Cambodian labor issues.However, domestic swine prices will probably rise gradually in mid-4Q due to a reduction of supply from The Swine Raisers Association of Thailand. The brokerage lowers the stock's target price to THB17.00 from THB18.50 and maintains a hold rating. Shares last closed at THB17.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 19, 2025 22:05 ET (02:05 GMT)
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