TMT Steel Public Company Limited

A survey of second-quarter 2026 earnings among companies listed on the Stock Exchange of Thailand found that 71 firms recorded net profit growth of more than 100% compared with the same period last year. TMT Steel Public Company Limited, or TMT, led the pack with net profit of 299.87 million baht, up 910.23% from 29.68 million baht. Hana Microelectronics Public Company Limited, or HANA, followed with net profit of 326.31 million baht, up 838.35%, and Susco Public Company Limited, or SUSCO, posted net profit of 120.59 million baht, up 797.01%. Among large-cap stocks with profit growth above 100%, True Corporation reported net profit of 6.55 billion baht, up 222.68%; Berli Jucker Public Company Limited posted net profit of 2.88 billion baht, up 191.07%; PTT reported net profit of 52.52 billion baht, up 143.93%; SCG Packaging posted net profit of 2.30 billion baht, up 128.15%; and PTT Exploration and Production reported net profit of 27.20 billion baht, up 101.23%.

Asia Plus Securities' research unit says new US tariff measures under Section 301, one of the risks to Thai exports in the second half of the year, will slow exports because Thailand faces a 12.5% levy, higher than some ASEAN peers like the Philippines and Malaysia, potentially reducing competitiveness. Thailand also runs a growing surplus with the US, and markets must watch for surplus-production tariffs the US has yet to announce, which will pressure the Thai economy's export sector. Product groups hit by the 12.5% tariff include pet food, processed food, and beverages, covering stocks such as AAI, ITC, PLUS, TU, and COCOCO, as well as electronics, including HANA, DELTA, KCE, and CCET. Major Thai goods exempted from the 12.5% tariff are oil, gas, and fertiliser, which the US imports heavily, easing pressure on refinery and oil stocks like PTT, PTTEP, TOP, IRPC, and BCP, and goods already under Section 232, such as automobiles, steel, aluminium, and copper, which eases pressure on processed steel and steel pipe stocks like PAP, TMT, and SAM, and auto parts stocks like AH and SAT. The Commerce Ministry reported that Thai exports in June 2026 grew 20.8% year-on-year, above the market forecast of 15.2%, while imports rose 50.3%, above the 35.8% forecast, resulting in a trade deficit of 6.565 billion US dollars. Standout products included pet food, up 22.3%, expanding for a tenth straight month; rubber, up 12.5%, returning to growth for the first time in 14 months; and processed chicken, up 6.1%, expanding for a seventh consecutive month.