Thai Union Frozen Products
Play
Fire breaks out at TUF's shrimp processing plant Outperform - maintained Share price: Bt69.00 Target price: Bt78.00
Thai Union Frozen Products Plc
A fire at TUF’s shrimp processing plant could pressure its share price in the short term but we see this as a buying opportunity as property damage and business interruption will be covered by insurance. No changes to our forecasts for the time being. We maintain our OUTPERFORM rating and target price, pegged to 13x CY13 P/E.
