$CPF.BK #Thailand #SET #Index #Stocks #Charoen #Pokphand #Foods
Impressive Growth Rate 2027
Charoen Pokphand Foods
Ticker: CPF.BK
Price: BHT31.75
Recommendation: Buy
Target Price: BHT36.86
Industry Outlook
Compound feed market is expected to reach USD 741.34 billion by 2027 growing at a growth rate of 4.50% in the forecast period 2020 to 2027. Increased demand for animal based and dairy products all over the globe drives the growth of compound feed market in the forecast period of 2020- 2027.
Business Summary
Charoen Pokphand Foods Public Company Limited is a Thailand-based company engaged in the operation of agro-industrial and integrated food businesses.
The businesses are divided into two segments: the livestock business segment, which comprises chicken, duck and pigs, and the aquaculture business segment, which consists of shrimp and fish.
The integrated businesses incorporate the manufacture of animal feed, animal breeding and animal farming; meat processing, the manufacture of semi-cooked meat and fully-cooked meat; food products and ready meal products, as well as the meat and food retailer and restaurant businesses.
The products are distributed and exported under the brand name CP in Asia, Europe and America.
Other products include grilled and fried chicken under the brand name 5-Star, and sausages, chicken rolls, chicken nuggets, hamburgers and hotdogs under the brand name Chester’s.
Shayne Heffernan Trade Idea
“Our current price target of Charoen Pokphand Foods will come in around BHT36.86 giving the stock a price increase of +15.19%.”
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 33.82.
The projected lower bound is: 30.36.
The projected closing price is: 32.09.
Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 17 white candles and 23 black candles for a net of 6 black candles.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 47.0588. This is not an overbought or oversold reading. The last signal was a sell 12 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 58.13. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 22 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 51. This is not a topping or bottoming area. The last signal was a sell 2 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 21 period(s) ago.
Rex Takasugi – TD Profile
CHAROEN POKPHAND closed unchanged at 32.000. Volume was 89% below average (consolidating) and Bollinger Bands were 53% narrower than normal.
Open High Low Close Volume 31.750 32.000 31.750 32.000 5,122,500
Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 31.85 30.28 27.59 Volatility: 22 36 50 Volume: 28,182,800 45,588,104 38,512,904
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
CHAROEN POKPHAND is currently 16.0% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.
Our volume indicators reflect volume flowing into and out of CPF.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on CPF.BK and have had this outlook for the last 4 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
