Alerts
Richard Lañeda, CFA
John Martin Luciano, CFACNPF rating changed to HOLD
Justin Richmond Cheng, CFA
April 11, 2022. Maintain HOLD rating. We continue to like CNPF for its resilient operations, new product innovations, and proven track record of growing revenues and profits. However, the continued rise in raw material prices presents some risk to CNPF’s margins and sales in the short term. At its current price of Php23.2/sh, there is also no more upside to our fair value estimate. Hence, we are maintaining our HOLD rating on CNPF with a FV estimate of Php22.0/sh.
CNPF Rating 3 years ago