Several brokers have issued research recommending a buy on shares of Thai Eastern Group Holdings Public Company Limited, or TEGH. Trinity Securities maintained its 2026 profit estimate at 560 million baht, up 5% year on year, and kept its 2027 target price at 4.40 baht based on a PER of 7 times, along with a buy rating. Meanwhile, Yuan Ta (Thailand) Securities assessed that if third-quarter 2026 results come in close to guidance, sales volume in the first nine months of 2026 would account for as much as 91% of the full-year estimate, and it expects TEGH to post normal profit of about 190 million baht in the third quarter of 2026, up 19% quarter on quarter and 239% year on year, while maintaining a target price of 4.00 baht. Globlex Securities noted that TEGH is keeping its 2026 revenue growth target at around 22 billion baht, up 10% year on year, and aims for rubber sales volume of about 280,000 to 290,000 tonnes, up 10% to 15% year on year from roughly 260,000 tonnes in 2025. The supporting factor comes from significantly increased orders from India after the Indian government announced an exemption on import tax for compound rubber, which previously stood at 20%, driving import demand higher to the point that orders now exceed available production capacity. Bloomberg Consensus forecasts average profit of 560 million baht for 2026, up 5% year on year, and 688 million baht for 2027, up 23% year on year, with an average fair value of 4 baht, implying 23% upside. As for the plan to list its subsidiary TEBP on the stock exchange through an IPO, it remains under review for suitability against the original plan in the fourth quarter of 2026.
Thai Eastern Group Holdings PCLBrokers recommend buying TEGH with target prices of 4.00-4.40 baht and forecast 2026 profit up 5%.
