Rubber stocks rally on two straight months of export growth

AnalystPrice Action

โดย InfoQuest·

Summary · why it matters

Rubber stocks rose against the market trend, with TRUBB up 5.83% to 1.09 baht, STA up 0.94% to 21.50 baht, and NER up 0.43% to 4.66 baht, following reports that rubber exports in July expanded for two consecutive months, +33.8% year-on-year, and +12.5% in June. Despite the first seven months still being down 9.4%. Kasikorn Securities recommends "Buy" on STA, maintaining a sales target of 1.5 million tons, and expects Q3/69 ASP at US$2.2-2.3 per kilogram. It also raised profit estimates for 2026-2028 by 40%, 16%, and 17% to 3.5, 3.4, and 3.7 billion baht, and raised the mid-2027 target price to 26.00 baht from 21.90 baht, citing tight supply from rains in Thailand and lower Indonesian output to support rubber prices.