Thai Union Group, or TU, has raised its full-year 2026 average gross margin forecast to 19.5–20.5 percent, up from 19–20 percent, supported by a baht that is weaker than the previous assumption of 32.5 baht per US dollar, together with the frozen food business entering its selling season in the third quarter of 2026, driving higher order volumes. Head of Investor Relations Pinyada Saengsakdahan said the company targets revenue growth of 4–6 percent this year from last year’s revenue of 133 billion baht, after booking 66.3 billion baht in the first half and generating free cash flow of more than 3 billion baht. This brought the net debt-to-equity ratio down to 1.15 times, with a target to reduce it to 1.1 times by year-end, while maintaining a dividend policy of no less than 50 percent of net profit. Analysts at Finansia Syrus Securities recommend a buy with a target price of 14.20 baht. TU has declared an interim dividend of 0.40 baht per share, with the XD date on 14 August 2026.
Thai Union Group PCLRaised margin forecast on weaker baht and surging orders.
Finansia X Public Company Limited