Companies that make packaged food and meat products — canned goods, cereal, snacks, frozen meals and the deli items on grocery shelves.
Contains
News movingPackaged Foods & Meats
China
Packaged Foods & Meats▼
Muyuan Foods' September commercial hog sales revenue at 8.52 billion yuan, down 6.01% year-on-year
Muyuan Foods announced on October 11 that in September 2026, the company sold 6.423 million commercial hogs, up 15.24% year-on-year. The average selling price of commercial hogs that month was 10.36 yuan per kilogram, down 19.57% year-on-year. Dragged by the price decline, commercial hog sales revenue was 8.52 billion yuan, down 6.01% year-on-year.
Muyuan Foods' September commercial hog sales volume up 15.24%, average price down 19.57%
Muyuan Foods announced on October 11 that in September 2026, the company sold 6.42 million commercial hogs, up 15.24% year on year. The average selling price of commercial hogs was 10.36 yuan per kilogram, down 19.57% year on year. Revenue from commercial hog sales was 8.52 billion yuan, down 6.01% year on year. As of the end of September 2026, the company's breeding sow inventory stood at 2.97 million head, and its subsidiaries slaughtered 3.02 million hogs. In the first half of 2026, Muyuan Foods achieved revenue of 59.41 billion yuan, with net profit attributable to the parent company of negative 6.078 billion yuan.
Muyuan Foods' September commercial hog sales revenue was 8.52 billion yuan, down 6.01% year-on-year
Muyuan Foods announced that in September 2026, the company sold 6.423 million commercial hogs, a year-on-year change of 15.24%. The average selling price of commercial hogs was 10.36 yuan per kilogram, a year-on-year change of -19.57%. Commercial hog sales revenue for the month was 8.52 billion yuan, a year-on-year change of -6.01%. As of the end of September, the company's breeding sow inventory stood at 2.974 million head.
Südzucker Returns to Profit With €28 Million in Second Quarter
Südzucker returned to profit in its second quarter, reporting €28 million in net income compared with a net loss a year earlier, while sales remained largely stable. The earnings release comes as the company's shares have climbed 34.43% year to date, with a 90 day gain of 9.69%, though the one month return fell 4.53%. Analysts hold a consensus price target of €11.98, against a last close of €12.22, with the most bullish target at €15.0 and the most bearish at €9.0. A separate discounted cash flow model estimates a future cash flow value of €35.56, implying the shares trade about 65.6% below that figure.
SZU.XETRA · Capital · Positive Südzucker returned to profit with €28 million net income in Q2 versus a year-earlier loss, a direct earnings improvement.
General Mills Prices Cash Tender Offers for Seven Series of Senior Notes
General Mills announced the pricing terms, expiration and results of its cash tender offers for seven series of its senior notes, which expired at 5:00 p.m. New York City time on October 9, 2026. The company accepted for purchase $196,704,000 of its 3.000% Senior Notes due 2051, $86,471,000 of its 4.150% Senior Notes due 2043, $91,589,000 of its 4.700% Senior Notes due 2048, $290,082,000 of its 2.250% Senior Notes due 2031, and $79,047,000 of its 4.550% Senior Notes due 2038, each at a proration factor of 100.00%. For its 2.875% Senior Notes due 2030, General Mills accepted $185,131,000 of the $361,138,000 tendered, at an approximate proration factor of 51.55%, while none of the $55,731,000 tendered of its 5.400% Senior Notes due 2040 was accepted. Holders whose notes were accepted will also receive an accrued interest payment on October 14, 2026, and notes validly tendered but not accepted will be returned promptly. BofA Securities, Citigroup Global Markets and Morgan Stanley served as dealer managers, with D.F. King & Co. as tender and information agent.
Pilgrim's Pride Forms Special Committee to Review JBS Buyout Proposal
Pilgrim's Pride said its board has formed a special committee of independent and disinterested directors to review and evaluate the previously announced unsolicited proposal from JBS in August. The special committee has selected Ropes & Gray LLP as legal counsel and Moelis & Company LLC as financial advisor to assist in its review and evaluation of the JBS proposal, according to a statement on Friday. Pilgrim's Pride will not approve the transaction proposed by JBS without the favorable recommendation of the special committee and the affirmative vote of a majority of the votes cast by holders of Pilgrim's Pride shares not held by JBS or its affiliates. In August, JBS, which already owns about 82% of Pilgrim's Pride, proposed buying all the remaining publicly traded shares in an all-stock transaction that would give Pilgrim's Pride shareholders 2.086 JBS Class A shares for each Pilgrim's Pride share. Shares of Pilgrim's Pride edged higher by 0.6% on Friday, while JBS rose 1.2%.
SNNP reports fire at Bento factory, situation under control, no injuries, insurance covers full damage
Sri Nana Porn Marketing, or SNNP, has notified the Stock Exchange of Thailand that a fire broke out at the snack production building for the Bento brand at its factory branch 00001 on Ekachai 1 Road, Om Noi subdistrict, Krathum Baen district, Samut Sakhon province, on 9 October 2026. Firefighters and staff were able to bring the blaze under control and extinguish it. Initially, no injuries or deaths were reported, and there were no reports of impact on nearby communities. The company is coordinating with relevant agencies to investigate the actual cause. The company has already taken out insurance covering damage to property and goods, with coverage limits sufficient for the full extent of the damage, and will expedite coordination with the insurer to assess the damage. As for the business impact, SNNP assesses that this incident will not significantly affect revenue from this product group, as it has sufficient inventory to support sales for approximately one month and can draw additional production capacity from its factory in Vietnam.
SNNP.BK · Supply · Negative Fire damaged the Bento snack production building, disrupting output though inventory and Vietnam capacity mitigate the impact.
SNNP reports fire at Bento factory, situation under control, full insurance coverage in place
Sri Nana Phan Marketing Public Company Limited, or SNNP, has reported a fire at the snack production building for the Bento brand at its factory branch 00001 on Setthakit 1 Road, Om Noi subdistrict, Krathum Baen district, Samut Sakhon province, on 9 October 2026. Firefighters and emergency personnel were able to bring the situation under control and extinguish the blaze. Initially, no injuries or deaths have been found, and there are no reports of impact on nearby communities. As for the cause of the fire and the damage incurred, the company is coordinating with relevant agencies to investigate the true cause. The company stated that it has already taken out insurance covering damage to property and goods, with coverage limits sufficient for all damages, and will expedite coordination with the insurance company to assess the damage. Regarding the impact on business operations, the company preliminarily assesses that the incident will not have a significant effect on revenue from the aforementioned product group, as it has sufficient inventory to support sales for approximately one month, and can also accommodate additional production from its factory in Vietnam. If there are further developments, the company will notify the Stock Exchange of Thailand in due course.
SNNP.BK · Supply · Negative Fire damaged the Bento snack production building, disrupting capacity though inventory and Vietnam factory mitigate the impact.
SNNP clarifies fire at Bento factory, blaze contained, no impact on revenue
Sri Nana Phorn Marketing Public Company Limited, or SNNP, reported that a fire broke out in the building producing Bento-brand snack products at its factory branch 00001 on Setthakit 1 Road, Om Noi subdistrict, Krathum Baen district, Samut Sakhon province, on 9 October 2026. Firefighters and emergency personnel were able to bring the blaze under control and extinguish it. Initially, no injuries or deaths have been found, and there are no reports of impact on nearby communities. The company is coordinating with relevant agencies to investigate the actual cause. The company has taken out insurance covering damage to property and goods, with coverage limits sufficient for the full extent of the damage, and will expedite coordination with the insurer to assess the damage. As for the impact on business operations, the company preliminarily assesses that this incident will not have a significant effect on revenue from this product group, as it has sufficient inventory to support sales for approximately one month and can supplement production from its factory in Vietnam. The company will report further progress to the Stock Exchange of Thailand.
SNNP.BK · Supply · Neutral Fire damaged the Bento snack production building, but the company says sufficient inventory and Vietnam factory capacity mean no significant revenue impact.
SNNP reports fire at Bento production building, expects no revenue impact
Sri Nana Phorn Marketing Public Company Limited, or SNNP, disclosed that at approximately 04:30 on 9 October 2026, a fire broke out at the production building for Bento-branded snack products within the company's factory, Branch 00001, on Ekachai 1 Road, Om Noi Subdistrict, Krathum Baen District, Samut Sakhon Province. The company was able to bring the fire under control by 07:00. Initially, no injuries or deaths have been found, and there are no reports of impact on nearby communities. The cause of the fire and the extent of the damage are under investigation together with relevant authorities. The company stated that it has taken out insurance covering damage to property and goods, with coverage limits sufficient for all damage, and will expedite coordination with the insurance company to assess the damage. As for the business impact, the company estimates that this incident will not have a significant effect on revenue from this product group, as it has sufficient inventory to support sales for approximately one month and can accommodate additional production from the company's factory in Vietnam.
SNNP reports fire at Bento factory, blaze contained, revenue impact seen as limited
Srinanaporn Marketing Public Company Limited, or SNNP, reported that a fire broke out in the snack production building for the Bento brand at its factory branch 00001 on Ekachai 1 Road in Om Noi subdistrict, Krathum Baen district, Samut Sakhon province, on 9 October 2026 at approximately 04:30, and the blaze was brought under control by 07:00. Initially, no injuries or deaths were found, and there have been no reports of impact on nearby communities. The cause and the damage are under investigation together with relevant authorities. The company said it has taken out insurance covering damage to property and goods and will expedite coordination with the insurance company to assess the damage. As for the business impact, the company preliminarily estimates that the incident will not have a significant effect on revenue from the Bento product group, because it has sufficient inventory to support sales for about one month and can also increase production capacity from its factory in Vietnam to meet market demand. The company will accelerate the restoration of the damaged area to return operations to normal as quickly as possible, while minimising the impact on customer orders.
SNNP.BK · Supply · Negative Fire damaged the Bento snack production building, disrupting capacity, though inventory and Vietnam capacity limit the revenue hit.
ASL Securities Expects TU's Q3 2026 Profit to Reach 1.3 Billion Baht
ASL Securities estimates the net profit of Thai Union Group, or TU, for the third quarter of 2026 at 1.3 billion baht, up 3% from the previous quarter but down 0.2% from a year earlier. Total revenue expanded to 35 billion baht, up 5.6% from the previous quarter and 3.6% from a year earlier. The main supporting factors came from the export high season, an average weaker baht at 33.39 baht per US dollar, down 1.9% from the previous quarter, and the processed food and pet food businesses, which were boosted by customers in Europe and the United States. Meanwhile, the SG&A expense ratio to sales held steady at 14.9%, close to the 15% level in 2026. On the pressure side, the gross profit margin fell to 20.3% from 21.4% in the previous quarter because tuna prices rose 17.3%. If results meet expectations, net profit for the first nine months of 2026 will account for 74% of the full-year estimate. TU will report its third-quarter 2026 results on November 2, 2026. The research team maintains a buy recommendation with a 2027 target price of 15.10 baht, based on a price-to-earnings ratio of 12.4 times, and expects a dividend yield of 6.1% in 2026, viewing TU as a top pick in the industrial food export sector.
TU.BK · Capital · Positive ASL Securities estimates TU's Q3 2026 net profit at 1.3 billion baht and maintains a buy rating with a 15.10 baht target price.
TU.BK · Supply · Negative Gross profit margin fell to 20.3% from 21.4% as tuna prices rose 17.3%, pressuring input costs.
LHSEC recommends buying TU with a target of 14.80 baht and GULF with a target of 72 baht
Land and Houses Securities issued an analysis recommending the purchase of two stocks, setting a target price for TU at 14.80 baht, with support estimated at 12.40/12.60 baht and resistance at 13.20/13.5 baht, and a target price for GULF at 72 baht, with support estimated at 58.5/60.0 baht and resistance at 62.75/63.5 baht. For TU, higher tuna costs are pressuring gross margin in the fourth quarter of 2026 after September tuna prices rose 42% year on year, expected to hit gross margin by about 50 basis points before gradually recovering in the first quarter of 2027 in line with the downward trend in tuna prices. Core profit in the third quarter of 2026 is expected to grow 12-15% year on year and 2-4% quarter on quarter on higher sales from product price adjustments, strong pet food demand, and improved mixed products, while gross margin recovers year on year but slows quarter on quarter from a high base in the previous quarter. GULF has a strong long-term outlook from the gradual commercial operation of power plants, especially renewable energy, the expansion of its data center business, for which GULF has readiness at a level of 2,000 megawatts, as well as profit sharing from ADVANC that continues to grow, and it is expected to benefit from the new PDP 2026 plan amid rising electricity demand, which increases opportunities for new power generation capacity that GULF is highly ready to bid for, including new M&A deals for power plants overseas. Normal profit in the third quarter of 2026 weakened quarter on quarter on the absence of KBANK dividend income but still grew strongly year on year on profit sharing from ADVANC and new renewable energy projects in Thailand.
Krungsri expects XO's third-quarter profit to reach 191 million baht, the highest in nine quarters
Krungsri Securities assesses that Exotic Food Public Company Limited, or XO, is returning to a recovery cycle after customers in overseas markets began restocking products again. It expects normal profit in the third quarter to come in at 191 million baht, up 44% from a year earlier and 13% from the previous quarter, the highest level in nine quarters. Net profit is expected at 186 million baht, up 41% from a year earlier and 70% from the previous quarter, after deducting special expenses of about 5 million baht from the destruction of chilies. Revenue is expected at 653 million baht, up 28% from a year earlier and 12% from the previous quarter, supported by orders from customers in Europe, the main market that generates about 83% of the company's revenue. The gross profit margin is expected at 49.5%, up from 46.4% in the third quarter of last year and 49.3% in the second quarter of this year. Krungsri estimates full-year normal profit at 650 million baht, growing 26%, and is starting to see an opportunity to raise its profit forecast by about 6% on better-than-expected revenue and gross margin. It maintains a Buy recommendation with a target price of 21.80 baht for next year, based on a price-to-earnings ratio of 13 times. Meanwhile, the company plans to expand its distribution channels in Europe from about 5,000 to 6,000 branches to 8,000 branches, and to invest in a new factory worth about 1.3 billion baht, expected to be completed in the third quarter of 2028, which will increase its revenue capacity by about 28%, from 3.3 billion baht to 4.3 billion baht per year.
XO.BK · Capital · Positive Krungsri expects XO's Q3 normal profit at 191 million baht, highest in nine quarters, and maintains Buy with a 21.80 baht target price.
XO.BK · Demand · Positive Overseas customers, especially in Europe, are restocking and placing orders, driving revenue up 28% year on year.
FSS recommends buying ITC with a target of 21.30 baht, expects fourth-quarter profit to surge on M&A deal
Finansia Syrus Securities Public Company Limited, or FSS, issued an analysis recommending the purchase of shares of i-Tail Corporation Public Company Limited, or ITC, with a 2027 target price set at 21.30 baht. For the third-quarter 2026 operating outlook, the research team expects net profit of 754 million baht, down 11% from the previous quarter and down 7% from the same period a year earlier, pressured by expenses that slowed margins, while revenue still grew strongly at 16% year on year. ITC's business direction is expected to return to outstanding growth in the fourth quarter of 2026, with revenue forecast to hit its annual peak, helping drive net profit higher, and there is also upside from a merger or M&A deal, which is expected to be concluded and officially announced within the fourth quarter of 2026. The research team expects ITC's 2026 net profit at 3.34 billion baht, growing continuously to 3.76 billion baht in 2027, representing average growth of 12% year on year. On the technical view, support is estimated at 16.30 and 16.00 baht, with resistance at 16.80 to 17.00 baht and 17.80 to 18.00 baht.
Shuanghui Development Fined Over 70 Million Yuan for Veterinary Drug Residue Issues
Shuanghui Development announced that the company, its subsidiary Wangkui Shuanghui, and relevant directors and senior executives have received administrative penalty decision letters. Due to issues including the sale of agricultural products with veterinary drug residues that failed to meet quality and safety standards, Wangkui Shuanghui was ordered to forfeit illegal gains of 1.6539 million yuan and fined 33.0779 million yuan, while the company was ordered to forfeit illegal gains of 1.701 million yuan and fined 34.0193 million yuan. In addition, because the company failed to establish inspection standards for the pig rest period, the company and relevant personnel were fined. The above penalties will reduce the company's net profit for 2026 by 63.8066 million yuan, and will not trigger mandatory delisting for major violations.
000895.CS · Regulation · Negative Shuanghui and its subsidiary Wangkui Shuanghui received administrative penalties and fines totaling over 70 million yuan for selling agricultural products with veterinary drug residues and failing to establish pig rest-period inspection standards, cutting 2026 net profit by 63.8 million yuan.
Yisheng Shares' actual controller Cao Jisheng extends pledge of 15.696 million shares by one year, personal pledge ratio drops to 40.33%
Yisheng Shares announced on the evening of October 8 that its controlling shareholder and actual controller Cao Jisheng completed partial release of pledged shares and extension of pledge repurchase, with 15.696 million shares extended by one year and 509,000 shares released from pledge. The 15.696 million shares in this extension originally had a pledge maturity date of September 29, 2026, now extended to September 29, 2027, with China Merchants Securities as the pledgee and the pledge purpose being replacement of prior pledge financing. These shares account for 2.67% of his holdings and 1.10% of the company's total share capital. The 509,000 shares released from pledge account for 0.09% of his holdings and 0.04% of the company's total share capital. As of the announcement date, Cao Jisheng holds 587 million shares of Yisheng Shares, representing 41.02% of the company's total share capital, with cumulative pledged shares of 237 million, accounting for 40.33% of his holdings and 16.54% of the company's total share capital. The company stated that he has the ability to repay funds, the pledged shares do not pose a forced liquidation risk, and there will be no change in actual control. Since the beginning of this year, Cao Jisheng has released pledges in multiple batches, reducing his personal pledge ratio from nearly 50% at the start of the year to 40.33%. Previously, after pledging 26.17 million shares on May 18, 2026, his cumulative pledged shares once reached 293 million, accounting for 49.88% of his holdings. In terms of performance, Yisheng Shares achieved operating revenue of 1.697 billion yuan in the first half of 2026, up 28.44% year on year, with net profit attributable to the parent company of 308 million yuan, compared with 6.1551 million yuan in the same period last year, a year-on-year increase of 4897.29%.
002458.CS · Capital · Neutral Actual controller Cao Jisheng extended the pledge on 15.696 million shares by one year while releasing 509,000 shares, lowering his personal pledge ratio to 40.33% with no forced-liquidation risk or change in control.
Yisheng Shares' September white-feather broiler chick sales revenue was 131 million yuan, down 30.45% year on year
Yisheng Shares announced September 2026 sales data. The company sold 55.2233 million white-feather broiler chicks, with sales revenue of 131 million yuan, a year-on-year change of 4.52% and -30.45% respectively, and a month-on-month change of -0.22% and -35.92% respectively. In the same period, sales of Yisheng 909 small white-feather broiler chicks were 7.5465 million, with sales revenue of 14.1877 million yuan, a year-on-year change of -5.75% and 106.91% respectively, and a month-on-month change of 1.39% and -1.14% respectively. The company sold 12,283 breeding pigs in September, with sales revenue of 31.6231 million yuan, a year-on-year change of -2.40% and 12.62% respectively, and a month-on-month change of 17.09% and 24.76% respectively. The company said that in September 2026, white-feather broiler product and live chicken prices were running at low levels, and the unit selling price of white-feather broiler chicks declined, causing both year-on-year and month-on-month declines in white-feather broiler chick sales revenue for the month. Meanwhile, the average selling price of Yisheng 909 small white-feather broiler chicks rose year on year, driving a substantial year-on-year increase in their sales revenue.
002458.CS · Pricing · Negative White-feather broiler chick unit selling prices ran at low levels, driving September sales revenue down 30.45% year on year.
Kunshan State Capital Takes Control of Visionox with 3 Billion Yuan, Raising Stake to 30.33% as Controlling Shareholder
Visionox disclosed an acquisition report on October 7. Kunshan Yuanchuang Investment Group plans to subscribe in cash for up to 419,038,812 A-shares to be issued by Visionox to specific investors, with a subscription amount not exceeding 3 billion yuan. Based on the maximum issuance, Kunshan Yuanchuang's stake in Visionox will rise from 9.43% to 30.33% after completion, making it the controlling shareholder. The Management Committee of Jiangsu Kunshan Economic and Technological Development Zone will become the actual controller, ending Visionox's status of having no controlling shareholder and no actual controller. After deducting issuance expenses, all funds raised from this private placement will be used to supplement working capital and repay company debt. The issue price will change from the original fixed price of 7.01 yuan per share to a book-building model. Kunshan Yuanchuang has committed not to transfer the subscribed shares for 60 months from the completion of the issuance. Previously, a plan for Hefei Jianshu under Hefei state capital to take over was terminated in September 2026, and Kunshan Yuanchuang took over. Visionox has been incurring losses since 2021, with cumulative undistributed profit of negative 12.166 billion yuan on its consolidated statements as of the end of 2025. However, in the first half of 2026, its global AMOLED smartphone panel market shipments grew 9.7% year on year, with a market share of 10.4%.
002387.CS · Capital · Positive Kunshan state capital injects up to 3 billion yuan via private placement, becoming controlling shareholder and shoring up working capital/debt repayment.
昆山元创投资集团有限公司 · Capital · Positive Kunshan Yuanchuang subscribes up to 3 billion yuan in Visionox shares, raising its stake to 30.33% and becoming controlling shareholder.
Shuanghui Development and Chairman, Multiple Executives Fined Nearly 60 Million Yuan Over Excessive Veterinary Drug Residues
Shuanghui Development announced on October 9 that its controlling subsidiary, Wangkui Shuanghui Beidahuang Food Co., Ltd., was fined and had confiscations totaling 34.73 million yuan for selling agricultural products whose veterinary drug residues did not meet agricultural product quality and safety standards. The announcement showed that on August 28, 2025, the Changchun Customs Technology Center, during a food safety supervision sampling inspection organized by the Heilongjiang Provincial Administration for Market Regulation, tested pork hindquarter meat produced by Wangkui Shuanghui and sold at the Minghu branch of Heilongjiang Bilin Youxuan Chain Supermarket Co., Ltd. in Ranghulu District, Daqing City. The lincomycin test result was unqualified. After tracing, 910 pigs actually entered the plant, and the case involved goods worth 1.65 million yuan. In addition, the company had not formulated inspection standards for the pig resting period and had not strictly implemented relevant testing specifications, and in its apology statement it incorrectly described 5,892 pigs and 38,900 pigs as 5,892 batches and 38,900 batches. The company was therefore given a warning and fined 2 million yuan. Chairman Wan Hongwei was fined 37.65 million yuan, director and president Ma Xiangjie was fined 5.66 million yuan, vice president Qiao Haili was fined 6.47 million yuan, and chief engineer Wang Yufen was fined 6.59 million yuan. In the first half of 2026, Shuanghui Development achieved revenue of 28.184 billion yuan and net profit attributable to the parent company of 2.306 billion yuan.
000895.CS · Regulation · Negative Shuanghui's subsidiary fined 34.73 million yuan and executives fined for selling pork with excessive veterinary drug residues, a regulatory enforcement action.
Primo Brands Regional Spring Water Sales Rise 4.1% in Fiscal Q2 2026
Primo Brands Corporation reported that regional spring water net sales increased 4.1% in the second quarter of fiscal 2026, a gain the company attributes to broad-based growth across its regional spring water brands and Pure Life. Management said the company achieved gains in both value and volume share, which it views as an encouraging indicator, with performance remaining broad-based across almost every channel in which it operates. Primo Brands sees further opportunities in brand building, innovation and a more strategic approach to revenue growth management, and it flagged meaningful potential in cold and immediate consumption, a high-growth, high-margin segment where it remains under-penetrated. The company's broader retail momentum was supported by new points of distribution and continued improvements in retail presence, while management stays focused on balanced growth across volume and price. PRMB shares have lost 5.7% over the past six months against industry growth of 0.9%, and the stock trades at a forward price-to-earnings ratio of 13.47 versus the industry average of 18.60, carrying a Zacks Rank #3 (Hold).
PRMB · Demand · Positive Regional spring water net sales rose 4.1% on broad-based growth across brands and channels, with value and volume share gains.
Mondelez International Invests in Area One Farms Fund V to Back Canadian Farmers
Mondelez International has invested in Area One Farms Fund V to support Canadian farmers and local crop production. The partnership aims to expand access to growth capital for farm operators investing in modern agricultural technology and practices in Canada, with the fund focused on regenerative agriculture and long-term stewardship of farmland. Mondelez Canada's backing of Area One Farms Fund V aligns with its sustainability ambitions and sits within wider supply chain and agriculture themes. Mondelez International, a US-based snacks and beverages group with a market capitalization of about $76.1b, relies on agricultural inputs from regions including North America, and the company has raised its 2026 organic net revenue guidance to at least 2%.
MDLZ · Supply · Positive Mondelez invests in Area One Farms Fund V to secure Canadian crop production and agricultural inputs for its supply chain.
Area One Farms Fund V · Capital · Positive Area One Farms Fund V receives investment from Mondelez to expand growth capital for Canadian farm operators.
Mondelez Canada · Supply · Positive Mondelez Canada's backing of the fund supports local crop production and its agricultural supply chain.
KSL expects sugarcane crush to rise to 85 million tonnes in 2026/27, supporting a sugar price recovery
Chalush Chinthammit, Chief Executive Officer and Managing Director of Khon Kaen Sugar Industry Public Company Limited, or KSL, said global sugar prices are starting to improve, edging up to around 18 to 19 cents per pound amid a still-tight balance between production and consumption. For the 2026/27 crushing season, which is expected to begin in mid-December 2026, the company forecasts the nationwide sugarcane crush at approximately 85 million tonnes, up from around 80 million tonnes in the previous season, which will allow mills to operate at fuller capacity, lift utilisation rates and reduce unit production costs. KSL's main export markets remain in Asia, namely Indonesia, China, Taiwan and South Korea, while the company is exploring opportunities to expand into new markets, particularly Africa. Beyond sugar, KSL holds a 30% stake in BBGI Public Company Limited, or BBGI, which operates in biofuels and high-value bio-based products, as well as the development of sustainable aviation fuel, or SAF, to create a new S-Curve for the business over the long term.
KSL.BK · Supply · Positive KSL expects the nationwide sugarcane crush to rise to ~85Mt in 2026/27, lifting mill utilisation and cutting unit production costs.
SUGAR · Supply · Positive Larger 2026/27 sugarcane crush and a still-tight production/consumption balance support a recovery in global sugar prices.
Tyson Foods Guides to Full-Year Beef Loss of $500 Million to $650 Million
Tyson Foods is back in the spotlight after management guided to a full-year beef loss of $500 million to $650 million, tying the shortfall directly to elevated cattle costs. The guidance follows a choppy stretch in which the shares slipped roughly 10% over the last three months, though the stock still delivered a 3 year total shareholder return of about 19% and a recent 7 day gain. Tyson Foods closed at $51.70, while the most followed narrative pegs fair value closer to $64.25, a gap that hinges on expectations of a slow top line and sharply higher earnings power over the next few years. That narrative assumes revenue stays roughly flat near $55.7b while profit margins rise from 1.0% to about 4.5%, lifting earnings toward $2.5b by around 2029 and lowering the implied P/E from the low 30s today to roughly 10.9x on those future profits. On the other side, the shares trade on about 31.6x earnings, above the US Food industry on 17.9x and the peer average on 26.3x, leaving limited room if profit expectations reset lower.
Yuanta maintains Buy on COCOCO with 8.00 baht target, expects 2026 profit to surge 142.6%
Yuanta Securities stated that Thai Coconut Public Company Limited, or COCOCO, is likely to post another quarter of strong normal profit growth in the third quarter of 2026, both quarter-on-quarter and year-on-year, with preliminary normal profit expected in the range of 140 to 160 million baht. The gains are driven by the export high season across North Asia, the United States, and Europe, together with a severe heatwave that is boosting demand for beverages and pet food, and by a full quarter of revenue recognition from sales of the Thai Coco brand coconut products in 7-Eleven stores. The gross profit margin is expected to widen to 24.5% to 25.0% as coconut input costs continue to decline. Yuanta expects normal profit for 2026 at 544 million baht, up 142.6% from a year earlier, and forecasts normal profit for 2027 to grow further to 632 million baht, up 16.1% year-on-year, supported by revenue growth of 9.9% year-on-year and the start of commercial production at a new plant in the Philippines in early 2027. That plant will help lower coconut costs, since Philippine coconut prices are currently about 20.0% lower than those in Thailand, and will push the gross profit margin up to 22.6% from 22.3% in 2026. It will also allow the company to take on more orders from European customers under the free trade agreement between the Philippines and the European Union. The company is currently in talks with a major US operator, Vita Coco, for coconut water products, an upside risk not yet included in the estimates. The stock trades at a price-to-earnings ratio of 14.9 times for 2026 and 12.8 times for 2027. Yuanta maintains its Buy rating with a fair value of 8.00 baht.
DBS Vickers names 11 stocks set to benefit from state cuts to biofuel taxes
DBS Vickers Securities Thailand said in an analysis that the Thai government is considering cutting excise taxes on biofuels to lower fuel prices and spur consumption. Currently, the excise tax on gasohol stands at 6.00 baht per litre and on biodiesel at 5.953 to 6.92 baht per litre. Raising the share of biofuels in use would help cut crude oil imports and ease the government's burden of subsidising fuel prices, with the Oil Fund now running a loss of about 100 billion baht. With demand for ethanol and biodiesel expected to rise, DBS Vickers has named 11 Thai stocks set to benefit, divided into three groups by business type. The first group is direct producers and distributors of biofuels, namely BBGI, EA, UBE, GGC and TAE. The second group is integrated palm oil producers linked to biodiesel, namely PCE, SMO, APO and VPO. The third group is sugar producers linked to ethanol, namely KSL, KTIS and BRR.
BBGI.BK · Demand · Positive Named as a direct producer/distributor of biofuels expected to gain from higher ethanol and biodiesel demand after excise tax cuts.
BRR.BK · Demand · Positive Named in the sugar producer group linked to ethanol, set to benefit as biofuel tax cuts spur ethanol demand.
EA.BK · Demand · Positive Named as a direct producer/distributor of biofuels expected to benefit from rising ethanol and biodiesel demand.
GGC.BK · Demand · Positive Named as a direct producer/distributor of biofuels set to benefit from increased biofuel demand after the tax cuts.
APO.BK · Demand · Positive Named in the integrated palm oil producer group linked to biodiesel, set to benefit as biofuel tax cuts lift biodiesel demand.
KSL.BK · Regulation · Positive Named in the third group of sugar producers linked to ethanol set to benefit from the government's planned biofuel excise tax cuts.
Krungsri keeps Buy on SAPPE with 38.50 baht target, eyes first YoY profit growth in 7 quarters in 3Q26
Krungsri Securities Public Company Limited said that the operating results of Sappe Public Company Limited, or SAPPE, have passed their lowest point. It expects normal profit in the third quarter of 2026 to come in at approximately 192 million baht, up 7% from the same period a year earlier and up 4% from the previous quarter, marking the first return to year-on-year growth in seven quarters, supported by revenue recovery in nearly all regions. Third-quarter 2026 revenue is expected at approximately 1.55 billion baht, up 15% year-on-year and 3% quarter-on-quarter, while the gross profit margin is expected at 44.4%, up from 43.5% in the third quarter of 2025 and 44.2% in the second quarter of 2026, driven by higher production capacity and lower packaging prices. The brokerage maintained its full-year 2026 normal profit forecast at 701 million baht, down 8% year-on-year, and its 2027 forecast at 772 million baht, up 10% year-on-year. It also maintained its Buy recommendation with a 2027 target price of 38.50 baht, based on a price-to-earnings ratio of 15 times, and expects a dividend yield of approximately 5.2%.
SAPPE.BK · Capital · Positive Krungsri maintains Buy and 38.50 baht target, expecting first YoY profit growth in seven quarters on revenue recovery and margin expansion
TKN completes share buyback of 17 million shares, spending 79.63 million baht
Taokaenoi Food & Marketing, or TKN, announced that its board has concluded its share buyback programme for financial management purposes, having repurchased a total of 17 million shares, representing 1.23% of all issued and sold shares, with a total value of 79,627,490 baht. The operation took less than one month from the programme's start date of 22 September 2026, within a maximum budget framework of no more than 80 million baht and a programme period running to 21 March 2027. Previously, the company carried out its first buyback programme in 2025, completing 15 million shares on 24 January 2025, representing 1.09% of all issued and sold shares. Counting the repurchased shares from both programmes together, the company holds a cumulative 32 million treasury shares, or 2.32% of all issued and sold shares, which remains below the 20% ceiling under the relevant regulations. The company may sell the repurchased shares once three months have passed from the date the buyback was completed, and must sell them within three years. TKN shares closed in the latest trading on 7 October 2026 at 4.80 baht, up 0.04 baht, or 0.84%, with trading value of 12.77 million baht, compared with the closing price of 4.28 baht on 17 September, when the board approved the buyback programme.
TKN completes share buyback of 17 million shares, spending 79.63 million baht
Taokaenoi Food & Marketing Public Company Limited, or TKN, announced that its Treasury Stock share buyback program for financial management, conducted through the Stock Exchange of Thailand between September 22, 2026 and March 21, 2027, has concluded. The company repurchased the full 17 million shares, representing 1.23% of all issued and sold shares, spending a total of 79.63 million baht out of a maximum budget of 80 million baht. Combined with the first buyback program of 2025, under which 15 million shares were already repurchased, TKN now holds a cumulative 32 million treasury shares, representing 2.32% of all issued and sold shares, which remains below the 20% threshold stipulated by regulations.
TKN completes share buyback, hitting target of 17 million shares worth 79.68 million baht
Taokaenoi Food & Marketing Public Company Limited, or TKN, informed the Stock Exchange of Thailand that its share buyback programme for financial management has ended, with a total of 17,000,000 shares repurchased, representing 1.23 percent of all issued and paid-up shares, for a total value of 79,627,490 baht, fully meeting the target. The buyback was conducted on the Stock Exchange of Thailand from 22 September 2026 to 21 March 2027. The company also carried out its first share buyback programme in 2025, running from 13 January 2025 to 11 July 2025, and completed the purchase of 15,000,000 shares on 24 January 2025, representing 1.09 percent of all issued and paid-up shares. Counting the 17,000,000 shares bought back under this programme together with the 15,000,000 shares already repurchased, the company holds a cumulative total of 32,000,000 treasury shares, representing 2.32 percent of all issued and paid-up shares, which does not exceed 20 percent of all issued and paid-up shares. Jirapong Suntipiromkul, Deputy Managing Director, reported this information.
Western Animal Husbandry's September self-produced fresh milk output reached 3,161 tonnes, up 17.86% year on year
Western Animal Husbandry announced on October 8 that its self-produced fresh milk output in September 2026 was 3,161 tonnes, an increase of 17.86% year on year. In the first half of 2026, Western Animal Husbandry achieved revenue of 485 million yuan and net profit attributable to the parent company of 30.85 million yuan.
300106.CS · Demand · Positive September self-produced fresh milk output rose 17.86% year on year to 3,161 tonnes, signaling stronger production/sales volume.
Three Squirrels Repurchases 3.99 Million Shares, Paying 71.95 Million Yuan
Three Squirrels announced on October 8 that as of September 30, 2026, the company had repurchased 3.99 million shares, accounting for 0.99% of total share capital, at prices ranging from 16.31 yuan to 19.85 yuan per share, with total repurchase funds paid amounting to 71.95 million yuan. In the first half of 2026, Three Squirrels achieved revenue of 5.28 billion yuan and net profit attributable to the parent of 249 million yuan.
Wens Foodstuff Group announced September 2026 sales data, selling 2.9883 million hogs during the month, including live hogs and fresh products, generating revenue of 4.056 billion yuan, with an average live hog selling price of 10.75 yuan per kilogram. Month-on-month changes in hog sales volume, revenue, and average price were 0.50 percent, 1.00 percent, and minus 1.01 percent respectively, while year-on-year changes were minus 10.13 percent, minus 18.47 percent, and minus 18.44 percent. In the same period, the company sold 126 million broilers, including live chickens, fresh products, and cooked products, with revenue of 3.731 billion yuan and an average live chicken selling price of 14.20 yuan per kilogram. Month-on-month changes were 1.52 percent, 12.04 percent, and 10.16 percent respectively, while year-on-year changes were 2.72 percent, 7.74 percent, and 4.95 percent. In addition, the company sold 16.7101 million white-feathered broiler chicks in September, bringing cumulative sales of white-feathered broiler chicks for the year to 129 million.
Kemen Food subsidiary Xingjiang Muge sold 58,500 hogs in September, up 54.63% year on year
Kemen Food announced on October 8 that its controlling subsidiary Xingjiang Muge sold 58,500 hogs in September, with sales volume up 4.31% month on month and up 54.63% year on year. Sales revenue was 41.47 million yuan, up 8.14% month on month and up 24.05% year on year. From January to September 2026, Xingjiang Muge sold a cumulative 567,600 hogs, up 36.25% from the same period last year, with cumulative sales revenue of 417 million yuan, down 3.32% from the same period last year. The announcement said the year-on-year increase in September hog sales volume and cumulative sales volume from January to September was mainly due to the release of production capacity. In the first half of 2026, Kemen Food achieved revenue of 2.136 billion yuan and a net loss attributable to the parent company of 46.43 million yuan.
Sirio Pharma adds 4 invention patents and 8 health food certificates in Q3
Sirio Pharma announced on October 8 that the company and its subsidiaries obtained 4 invention patent certificates, 4 health food registration certificates, and 4 health food filing certificates in the third quarter of 2026. As of September 30, the company and its subsidiaries held a total of 212 patents, of which 123 are invention patents. The newly added invention patents include Lactiplantibacillus plantarum SP055 and its postbiotics, compositions and their preparation methods and applications, and high-stability emulsions and their preparation methods, all originally obtained by the company. During the same period, the company and its subsidiaries held a total of 115 health food registration certificates and 345 health food filing certificates. Newly added registration certificates in the third quarter include Yueding bilberry lutein carotene soft capsules and Tiancan glucosamine chondroitin sodium hyaluronate calcium soft capsules. In the first half of 2026, Sirio Pharma achieved revenue of 2.052 billion yuan and net profit attributable to the parent company of 153 million yuan.
300791.CS · Technology · Positive Sirio Pharma obtained 4 new invention patents and 8 health food certificates in Q3, expanding its IP and product registration portfolio.
Haitian Flavouring Repurchased 18.352 Million Shares in September Alone, Cumulative Buyback Amount Reaches 755 Million Yuan
Haitian Flavouring and Seasoning released a buyback progress announcement on the evening of October 8. As of September 30, 2026, the company had cumulatively repurchased approximately 22.0353 million A-shares, accounting for about 0.3771% of total share capital, with a total amount paid of approximately 755 million yuan, excluding transaction fees. The repurchase price range was 32.94 yuan to 37.37 yuan per share. In September 2026 alone, the company repurchased approximately 18.352 million shares, paying approximately 625 million yuan, with the single-month repurchase volume accounting for more than 80% of the cumulative total.
603288.CG · Capital · Positive Company repurchased ~22.04 million A-shares for ~755 million yuan, including 18.35 million shares in September alone, a buyback that supports the stock.
JONJEE HI-TECH Repurchases 21.27 Million Shares for 396 Million Yuan
JONJEE HI-TECH announced on October 8 that as of the end of September 2026, the company had repurchased a total of 21.27 million shares, accounting for 2.76% of total share capital, with a repurchase amount of 396 million yuan and a repurchase price range of 17.11 yuan to 20.52 yuan per share. In the first half of 2026, JONJEE HI-TECH achieved revenue of 2.542 billion yuan and net profit attributable to the parent of 414 million yuan.
Oriental Ocean announced that its subsidiary, Mass Spectrometry Biotechnology Co., Ltd., has recently obtained a medical device registration certificate from the Shandong Provincial Medical Products Administration for its independently developed water-soluble vitamin assay kit using liquid chromatography-tandem mass spectrometry. The product is intended for in vitro quantitative determination of vitamins B1, B2, B3, B5, B6, B7, and B9 in human serum, further enriching the subsidiary's product line in the clinical testing field. The company cautioned that the product has not yet entered production after obtaining the certificate, and actual sales will be affected by multiple factors including market expansion efforts and demand, so the impact on performance remains uncertain.
002086.CS · Technology · Positive Subsidiary obtained medical device registration certificate for its independently developed water-soluble vitamin assay kit, expanding its clinical testing product line.
Zhipu Biotechnology Co Ltd (Mass Spectrometry Bio) · Technology · Positive Mass Spectrometry Biotechnology received the medical device registration certificate for its independently developed LC-MS/MS water-soluble vitamin assay kit.
Jonjee Hi-Tech has cumulatively repurchased nearly 400 million yuan to reduce registered capital
Jonjee Hi-Tech released a repurchase progress announcement on the evening of October 8. As of September 30, 2026, the company had cumulatively repurchased 21.2722 million shares through centralized bidding, accounting for 2.76% of total share capital. The repurchase price range was 17.11 yuan to 20.52 yuan per share, with a total amount paid of approximately 396 million yuan. The announcement shows that the purpose of this repurchase is to reduce registered capital.
600872.CG · Capital · Positive Company repurchased 21.27 million shares for ~396 million yuan to reduce registered capital, a shareholder-return/capital event.
Three Squirrels has cumulatively repurchased 3.9877 million shares at a cost of 71.9465 million yuan
Three Squirrels announced that as of September 30, 2026, the company had cumulatively repurchased 3.9877 million shares, accounting for 0.9927% of total share capital, with a total payment of 71.9465 million yuan, excluding transaction fees. The highest transaction price in this buyback was 19.85 yuan per share, and the lowest was 16.31 yuan per share. The company previously approved a share repurchase plan to use 100 million to 200 million yuan of its own funds to buy back shares through centralized bidding, for equity incentives or employee stock ownership plans and to safeguard company value and shareholder interests. The original repurchase price ceiling was 32.34 yuan per share, adjusted to 32.22 yuan per share due to the 2025 annual equity distribution. The company said it will continue to implement the repurchase plan within the buyback period based on market conditions.
300783.CS · Capital · Positive Three Squirrels has cumulatively repurchased 3.9877 million shares for 71.9465 million yuan under its approved buyback plan.
China
