Thai Rubber Latex Group Public Company Limited

Thailand

TRUBB.BK▲

Rubber Stocks Shine: NER–STA–STGT–TEGH Profits Recover, Second Half in Focus

Rubber-related stocks have regained attention as natural rubber prices remain favorable for profits. NER reported second-quarter 2026 net profit of 436.36 million baht, up from the previous quarter. STA swung back to profitability with first-half profit of 1.54 billion baht. STGT's profit surged 635% year-on-year, while TEGH saw profit growth of 104%. TRUBB narrowed its loss to 16.29 million baht. Global supply tightness due to weather conditions supports prices, but the second half still faces risks from costs and slowing orders.

NER.BK ▲STA.BK ▲STGT.BK ▲TEGH.BK ▲TRUBB.BK ▲

NER.BK · Capital · Positive Reported Q2 2026 net profit of 436.36 million baht, up from previous quarter.

STA.BK · Capital · Positive Swung back to profitability with first-half profit of 1.54 billion baht.

STGT.BK · Capital · Positive Profit surged 635% year-on-year.

TEGH.BK · Capital · Positive Profit growth of 104%.

TRUBB.BK · Capital · Positive Narrowed loss to 16.29 million baht, indicating improving profitability.

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Share2Trade·29dRead more →

Thailand

Indonesia

TRUBB.BK▲

Rubber stocks rally on two straight months of export growth

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.

STA.BK ▲NER.BK ▲TRUBB.BK ▲RUBBER ▲

STA.BK · Demand · Positive Export growth and tight supply support rubber prices, benefiting STA.

NER.BK · Demand · Positive Rubber exports grew for two consecutive months, boosting demand for rubber products.

TRUBB.BK · Demand · Positive Export growth indicates higher demand for latex products.

RUBBER · Supply · Positive Tight supply from rains and lower output supports rubber prices.

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Critical Materials & Supply Chain▲

EU classifies Thailand as low-risk under EUDR, boosting STA, NER, TRUBB

The European Union has classified Thailand as a low-risk country under the EU Deforestation Regulation, or EUDR. This means rubber importers from Thailand are eligible for Simplified Due Diligence and face random inspections at a rate of just one percent, which is lower than Indonesia and Malaysia. The move enhances the competitiveness of Thai rubber and rubber product exports while elevating the sustainability image of Thai goods. However, Thailand still needs to accelerate the development of traceability systems and smallholder farmer data to comply with the new rules. Kasikorn Securities noted this is positive for the rubber sector and exporters such as Sri Trang Agro-Industry, North East Rubber, and Thai Rubber Latex Group, as they stand to maintain their European market share and improve competitiveness under the new EUDR.

NER.BK ▲STA.BK ▲TRUBB.BK ▲

Critical Materials & Supply Chain ▲

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Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) ▲Regulation

NER.BK · Regulation · Positive EU classifies Thailand as low-risk under EUDR, reducing compliance burden for Thai rubber exporters.

STA.BK · Regulation · Positive EU classifies Thailand as low-risk under EUDR, reducing compliance burden for Thai rubber exporters.

TRUBB.BK · Regulation · Positive EU classifies Thailand as low-risk under EUDR, reducing compliance burden for Thai rubber exporters.

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TRUBB.BK▼

Phillip Securities says 12.5% US tariff has limited impact on Thai stocks, advises watching electronics

Phillip Securities stated that the US has announced a new round of tariff hikes under Section 301, with Thailand facing a rate of 12.5%, which is higher than the previous global tariff of 10% under Section 122 that expires today. This is seen as negative sentiment for the SET Index, especially for export-oriented stocks, but the impact is expected to be limited because many key Thai export items are likely to be exempted under Annex II, particularly in the electronics sector. These include communication equipment with export value of 11 billion dollars, computer storage units at 5.2 billion dollars, and portable computers at 4.2 billion dollars, out of Thailand's total exports to the US of 72 billion dollars. Meanwhile, the rubber, processed seafood, and pet food sectors are likely to be affected. The base case assessment is that it will impact ITC's net profit by only 120 million baht, reducing the 2026 base price from 19.40 baht per share to 18.70 baht per share. TU is similarly affected due to a smaller proportion of exports to the US. For the rubber sector, companies like NER, STA, TEGH, and TRUBB face negative sentiment from potentially lower domestic rubber demand if tire competition in the US market becomes more difficult.

ITC.BK ▼TU.BK ▼NER.BK ▼STA.BK ▼TEGH.BK ▼TRUBB.BK ▼

ITC.BK · Tariff · Negative Article states 12.5% US tariff will reduce ITC's net profit by 120 million baht and lower base price.

TU.BK · Tariff · Negative US 12.5% tariff under Section 301 negatively affects Thai exports; TU is mentioned as similarly affected due to smaller US export proportion.

NER.BK · Tariff · Negative Article says rubber sector faces negative sentiment from potentially lower domestic rubber demand due to US tariff.

STA.BK · Tariff · Negative Article says rubber sector faces negative sentiment from potentially lower domestic rubber demand due to US tariff.

TEGH.BK · Tariff · Negative Article says rubber sector faces negative sentiment from potentially lower domestic rubber demand due to US tariff.

TRUBB.BK · Tariff · Negative Article says rubber sector faces negative sentiment from potentially lower domestic rubber demand due to US tariff.

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HoonVision·72dRead more →