Thai Eastern Group Holdings PCL

TQR reported second quarter 2026 net profit up 48.07 percent from the same period last year, and its board approved an interim cash dividend of 0.203 baht per share, with the XD date on 24 August 2026 and payment on 4 September 2026. Thai Eastern Group Holdings received a perfect score of 100 points at the excellent level for the third consecutive year in the 2026 annual general meeting quality assessment. Supalai received a perfect score of 100 points at the excellent level for the fourteenth consecutive year. Samo Thong Group posted second quarter 2026 revenue up 2.48 percent to 3.52 billion baht. North East Rubber announced an interim cash dividend of 0.05 baht per share, with the XD date on 20 August and payment on 4 September.

Thai Eastern Group Holdings Public Company Limited, or TEGH, reported second-quarter results for the fiscal year 2569 with total revenue of 4.405 billion baht and net profit of 165 million baht, up 104% from the previous quarter. The natural rubber business remained the main revenue driver, accounting for about 85% of total revenue, with revenue of 3.746 billion baht, down 5% from the previous quarter, but supported by average TSR20 block rubber prices on the SICOM market at 217.8 US cents per kilogram, up 13.7% quarter-on-quarter and 29.7% year-on-year. The company targets block rubber sales volume of 260,000 tonnes this year, up 4% from last year, and expects EUDR-compliant block rubber to account for 30–40% of sales in the second half. The crude palm oil business posted revenue of 566 million baht, up 35% quarter-on-quarter, and expects to increase production capacity by about 50% within this year. The renewable energy and organic waste management business recorded revenue of 90 million baht, up 37% quarter-on-quarter, with the phase-two project expected to be completed in the second quarter of 2570, adding biogas production capacity of about 23.76 million cubic metres per year. For the 2569 outlook, the company targets total revenue growth of 10% to reach 22 billion baht and is considering the timing for listing TEBP on the stock exchange through an IPO after the Securities and Exchange Commission approved an extension of the execution period.

Thai Eastern Group Holdings Public Company Limited, or TEGH, confirms that its natural rubber products are on the tariff exemption list, or Exempt List, under the United States Section 301 measure that imposes a 12.5% import duty on goods from Thailand. As a result, the company is not affected by the measure and continues to maintain strong competitiveness. Regarding the rubber business outlook for the third quarter of 2026, orders are recovering continuously, especially for EUDR standard block rubber, with orders from existing customers, returning customers, and new customers. Additionally, the weaker baht is enhancing price competitiveness. The palm business is progressing according to its turnaround plan, supported by favorable crude palm oil prices and the government's B7 policy. Meanwhile, analysts from Yuanta Securities Thailand Company Limited assess that the new 12.5% tariff rate is still significantly lower than the previous 19% rate, and the increase of just 2.5% is unlikely to greatly affect orders from US customers. They also expect TEGH's second-half profit to recover strongly and recommend a buy rating with a target price of 4 baht.

The Trade Policy and Strategy Office of the Ministry of Commerce reported that Thai exports in June 2026 reached 34.66 billion dollars, up 20.8 percent from the same month last year, extending growth for a 24th consecutive month and exceeding market expectations of 13.7 to 15.2 percent. Meanwhile, imports totaled 41.19 billion dollars, rising 50.3 percent, resulting in a June trade deficit of 6.53 billion dollars. For the first half of the year, exports amounted to 196.74 billion dollars, up 17.6 percent, and imports reached 228.49 billion dollars, up 38.0 percent, leading to a cumulative trade deficit of 31.74 billion dollars. Analysts at Yuanta Securities noted that the stronger-than-expected exports and the deficit are factors weighing on the currency, and highlighted five stock groups poised to benefit: rubber, which returned to growth of 12.5 percent after 14 months, supporting STA, NER, and TEGH; processed chicken, supporting GFPT, TFG, and CPF; pet food, which continued to grow 22.3 percent for a tenth straight month, supporting ITC and AAI; canned seafood, which resumed expansion at 17.5 percent, supporting TU; and electronic components, which accelerated growth, supporting SMT, CCET, KCE, and HANA.