Krungsri Picks TFG as Top Stock on Rubber and Sugar Price Surge, Buy Rating with 14.20 Baht Target

CommodityAnalyst
โดย HoonVision·THVN·Read original
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Krungsri Securities said in an analysis that over the past week rubber prices rose 4.8% week-on-week on tight supply after heavy rain and flooding in Thailand and Vietnam reduced tapping, compounded by El Niño concerns and rising orders from tire makers stockpiling raw materials for the fourth quarter of 2026. Sugar prices rose 1.0% week-on-week, extending gains for a sixth consecutive week, on concerns that El Niño and wildfires in Brazil will pressure output. Soybean prices rose 0.9% week-on-week on strong Chinese demand, while crude palm oil prices fell 0.4% week-on-week after Malaysia reported a slight seasonal rise in end-month inventories. The research team rates the sector Bullish and keeps TFG as its Top pick for long-term investment, with a Buy recommendation and a target price of 14.20 baht, citing store expansion, raw material costs locked in through the third quarter of 2027, and a dividend yield of about 8% per year paid quarterly. It also sees TVO, STA and NER as the stocks benefiting most clearly from the Super El Niño theme.

Impact on stocks 4

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TFG
▲ PositiveCapitalrelevance

Krungsri keeps TFG as Top pick with a Buy rating and 14.20 baht target price, citing store expansion, locked-in raw material costs, and ~8% dividend yield.

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