{"id":323040,"date":"2023-05-05T01:53:48","date_gmt":"2023-05-04T17:53:48","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=323040"},"modified":"2023-05-05T01:53:50","modified_gmt":"2023-05-04T17:53:50","slug":"stock-in-focus-century-pacific-foods-inc-cnpf-5-may-2023-by-ap-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-in-focus-century-pacific-foods-inc-cnpf-5-may-2023-by-ap-securities\/","title":{"rendered":"Stock in Focus: Century Pacific Foods, Inc. (CNPF) &#8211; 5 May 2023 by AP Securities"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Summary of Broker&#8217;s Recommendation<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Stock Code<\/strong><\/td><td>CNPF<\/td><\/tr><tr><td><strong>Company Name<\/strong><\/td><td>Century Pacific Foods, Inc.<\/td><\/tr><tr><td><strong>Broker<\/strong><\/td><td>AP Securities<\/td><\/tr><tr><td><strong>Opinion Issued on<\/strong><\/td><td>5 May 2023<\/td><\/tr><tr><td><strong>Recommendation<\/strong><\/td><td>Sell<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 26.90<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The downsides to operating performance, coupled with the fact that CNPF is already trading close to our target price of P26.90 would warrant a SELL in our view.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Analysis and Opinion<\/h2>\n\n\n\n<p>The S&amp;P Purchasing Managers&#8217; Index (PMI) for April registered its lowest reading in 8 months at 51.4, marking a month-on-month decline of 2.1%. The main factors behind the further softening in manufacturing growth were 1.) increased competition, and 2.) milder demand. <\/p>\n\n\n\n<p>This would obviously not bode well for the manufacturing sector as a whole, and one stock which we believe could be compromised would be CNPF. The lower volume outlook, coupled with the company\u2019s weak pricing power would hinder its capacity to grow revenues. In addition to this, we note that the cost of the company\u2019s primary raw material skipjack tuna has been rising steadily and is already at its highest level since 2017.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Check how many brokers recommend this stock<\/h2>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-wp-embed is-provider-pinoyinvestor wp-block-embed-pinoyinvestor\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"zFH6kRxeyW\"><a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-rankings-all-stocks\/\">All Stock Rankings<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;All Stock Rankings&#8221; &#8212; PinoyInvestor\" src=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-rankings-all-stocks\/embed\/#?secret=GkzpMMl5zz#?secret=zFH6kRxeyW\" data-secret=\"zFH6kRxeyW\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our recommendation and 1-year Target Price for this stock is<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-323040","post","type-post","status-publish","format-standard","hentry","category-stocks-in-focus","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=323040"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323040\/revisions"}],"predecessor-version":[{"id":323042,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323040\/revisions\/323042"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=323040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=323040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=323040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}