Brokers recommend buying TEGH with a 4.40 baht target, Quick Transformation prepares 32 million-share IPO

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Summary · why it matters

Brokers recommend "buying" TEGH shares, with Trinity Securities setting the highest target price at 4.40 baht, expecting standout profit growth in 2026 on high rubber prices, accelerating compound rubber orders from India, and rising demand for EUDR-compliant rubber. The palm and energy businesses are also performing well. For the fourth quarter of 2026, the rubber business is expected to remain strong and palm sales volumes should recover seasonally, with rubber and palm prices likely to stay high through the second half of 2026, which could bring upside to current profit estimates. Yuanta Securities and Globlex Securities also recommend "buy" with target prices of 4.00 baht each. Meanwhile, Quick Transformation Public Company Limited, a provider of comprehensive digital transformation services with more than 20 years of experience, is pressing ahead with its IPO plan, preparing to offer no more than 32 million new ordinary shares to the public for the first time, or no more than 31.37% of all shares after the IPO, and to list on the Market for Alternative Investment in the technology industry group. Separately, New Biodiesel, a subsidiary of PCE, received three Green Industry Level 5 awards in the Green Network category from the Department of Industrial Works, reflecting NBD's commitment to operating by extending its green industry scope from within the organization outward with standards and sustainability.

Impact on stocks 4

Synthetic Biology (non-pharma) · 2 stocks

Off-coverage companies 2

New BiodieselPrivate▲ Positive
Regulationrelevance

New Biodiesel received three Green Industry Level 5 awards from the Department of Industrial Works, reflecting regulatory recognition of its sustainability standards.

Quick Transformation Public Company LimitedPrivate± Mixed
Capitalrelevance

Quick Transformation is preparing a 32 million-share IPO on the MAI technology group, a capital-raising event with no clear directional impact.