Analysts: Good first step into Chinese food market for CP

Bangkok-listed Charoen Pokphand Foods' (CP Foods) latest move to acquire a ready-to-eat product processor in China is a good first step into the Chinese consumer market, JP Morgan analyst Jakkapun Pornpunnarath told IntraFish.

CP Foods recently announced plans to acquire Chia Tai Food Enterprise, a manufacturer and distributor of meat and ready-to-eat products in China owned by its parent company CP Group.

By staying away from commodities and focusing on the ready-to-eat market, the Thai shrimp giant is targeting stable margins in China, he said.

But