CPF expects the food and agricultural business situation in the second half of 2023 to be stable and tend to improve. believe that the production cost will not be higher than this Unveiling a plan to expand the CP Authentic Asia brand to Europe and America. Aiming to invade the Middle East market As for the share repurchase, it is to build confidence in the shareholders.
Mr. Prasit Boondoungprasert Chief Executive Officer Charoen Pokphand Foods Public Company Limited or CPF discusses CPF's food and agricultural business situation in the second half of the year. 2023 that it will be stable and tend to be better because it is believed that Production costs will not be higher than this, such as cereals that are raw materials for animal feed, energy, etc.
However, CPF plans to expand the product market under the brand. CPAuthentic Asia to Europe and USA It is a traditional Asian flavored food product that is increasingly popular with Europeans and Americans.
In addition, it is aiming to expand its business to the Middle East, starting with Saudi Arabia as an important base. We are following that There will be a good deal what can happen At the same time, it will add shrimp products that are popular in China. by providing more variety
As for the share repurchase, as CPF reported to the Stock Exchange of Thailand on June 8, 2023, there were 4,221,700 shares repurchased, with the highest purchase price per share of 21.00 baht and The lowest price is 20.60 baht, worth 87.99 million baht, making the total number of shares repurchased in the project to date total 123,743,900 shares, which has the ratio of the number of shares repurchased to the number of paid-up shares 1.44%, the total value of which has been repurchased 2,652.53 million baht. by the number of shares remaining to buy shares returned from the project another 76,256,100 shares Mr. Prasit said In accordance with the resolution of the board on December 14, 2022 according to the share repurchase program in the amount of 200,000,000 shares to ensure the confidence of shareholders. Because in the past, the share price was under value, but not from the operations of the company. It's because of various factors. that affect the stock market so hope These factors will disappear soon.
Source: Thai News Agency