CPI : CHUMPORN PALM OIL INDUSTRY PUBLIC COMPANY LIMITED
6M/2023 (Jan - Jun 2023)
Business Overview

CPI is one of the leading manufactures for various kinds of palm oil products such as crude palm oil, crude palm kernel oil, RBD palm oil, RBD palm kernel oil and RBD palm olein for numerous applications in the food and non-food industry. CPI also supply RBD palm olein contained in the bottle, pouch and tin under ?LEELA? brand for household consumes market. By products of commercial value include RBD palm stearin, palm fatty acid distillate and kernel meal which are sold to the animal food industry.

Financial Statement
6M23 6M22 2022 2021
Income Statement (MB)
Revenues 2,602.37 4,210.43 7,697.91 5,616.29
Expenses 2,457.02 3,952.93 7,311.98 5,296.68
Net Profit (Loss) 109.65 237.60 329.48 292.26
Balance Sheet (MB)
Assets 4,264.15 4,676.57 4,853.30 4,395.58
Liabilities 1,671.56 2,372.57 2,235.30 2,209.10
Shareholders' Equity 2,592.59 2,304.00 2,618.00 2,186.48
Cash Flow (MB)
Operating 770.56 64.02 153.88 324.77
Investing -72.11 -26.48 -90.55 -90.66
Financing -691.04 -37.12 -94.63 -218.51
Financial Ratio
EPS (Baht) 0.17 0.38 0.52 0.46
GP Margin (%) 12.41 10.81 10.17 11.71
NP Margin (%) 4.21 5.64 4.28 5.20
D/E Ratio (x) 0.64 1.03 0.85 1.01
ROE (%) 8.23 15.98 13.72 14.08
ROA (%) 5.80 9.43 8.75 8.09
Business Plan
Sustainable Development Plan
Business Highlight
Performance and Analysis
Business Performance Summary

The performance of the Company and its subsidiaries for the second quarter of Year 2023. The consolidated financial statement had a net profit of Baht 35.15 million, whereas in the same period of previous year had a net profit of Baht 83.09 million. The Company and its subsidiaries had earnings before interest, tax and depreciation and amortization expenses for the second quarter of Year 2023 amounting Baht 90.46 million, which decreased by Baht 47 million when compared with the same period of previous year. The main factor was the volume of fresh fruit bunch (FFB) in the second quarter of 2023 was lower than that of the same period of previous year.

Financial Performance Analysis

  1. The turnover were Baht 1,233 million during the second quarter of Year 2023 decreased Baht 866 million or 41% from the same period of previous year. The main reason was average selling price decreased 37% และ decreased in the sales volume 15%.
  2. The cost of sales were Baht 1,106 million during the second quarter of Year 2023 decreased by Baht 792 million or 42% from the same period of previous year due to decrease in the average cost of direct materials. However, the decrease rate was higher than the decrease rate of selling price which a result in the percentage of gross profit increased from 9.62% to 10.33%.
  3. The selling expenses were Baht 31 million, decreased by Baht 1.7 million or 5%. The main reason was freight out decreased due to decrease in the fuel price.
  4. The administrative expenses were Baht 60 million, decreased by Baht 19 million or 24%. The main reason was decreased in hedging expenses.
Key Milestones
Risk Management Policy
Recent Awards and Recognitions
Revenue Structure
Crude palm oil 80.32% Others 19.68%
Stock Information
SET / AGRO / FOOD
Closing price CPI SET index 5.00 3.50 2.00 1714.00 1609.00 1504.00 1399.00 1-7-22 3-10-22 3-1-23 29-3-23 30-6-23
as of 30/06/23 CPI FOOD SET
P/E (X) 7.00 17.42 17.96
P/BV (X) 0.65 1.50 1.46
Dividend yield (%) 7.61 3.32 3.12
30/06/23 30/12/22 30/12/21
Market Cap (MB) 1,746.40 1,898.26 1,872.95
Price (B/Share) 2.76 3.00 2.96
P/E (X) 7.00 5.67 5.89
P/BV (X) 0.65 0.81 0.88
CG Report:
Company Rating:
Major Shareholders
as of 30/06/2023
Chumporn Holding Company Limited (34.09%)
ฺBangkok Insurance Public Company Limited (5.13%)
Mr. Rangsan Tawintermsup (2.96%)
Thai NVDR Company Limited (2.79%)
Mr. Kitti Chatlekhavanich (2.38%)
Others (52.65%)
Company Information and Contact
http://www.cpi-th.com
0-2285-6370-2, 0-2679-9166
LUMPINI TOWER, FLOOR 30, 1168/91 RAMA IV ROAD, SATHON Bangkok 10120
Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=CPI
Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel.
Published on 18/08/2023