บล.ทิสโก้ : GFPT แนะนำ “ซื้อ” ราคาเป้าหมาย 12.00 บาท

efinAI

ประกาศกำไร 4Q25 เพิ่มขึ้น YoY แต่ลดลง QoQ เป็นไปตามที่เราและตลาดคาด GFPT ประกาศกำไรสุทธิ 4Q25 ที่ 445 ล้านบาท (+16% YoY, -38% QoQ) โดยกำไร YoY ดีขึ้นตามอัตรากำไรขั้นต้นที่ฟื้นจากต้นทุนกากถั่วเหลืองและข้าวโพดที่ลดลง แต่ QoQ อ่อนตัวจาก ช่วง Low season การส่งออกในเดือนธันวาคมชะลอลง และยอดขายในประเทศลดลงช่วงเทศกาลกินเจ ตลอดจนแรงกดดันอัตราทำกำไรจากการต่อรองราคาของลูกค้าญี่ปุ่นท่ามกลางเยนอ่อนค่า • รายได้รวมชะลอตัวตามฤดูกาลและวันหยุดยาว ปริมาณส่งออก 4Q ที่ 8,000 ตัน ลดลง 18% YoY จากฐานสูงปีก่อน โดยยอดส่งออกหลักๆเป็นประเทศยุโรป

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