Thai Union stock falls 1.49 percent as earnings improve
Published on 09/23/2026 at 18:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Thai Union stock stood at THB 13.20 on the SET on September 23, 2026, down 1.49 percent from the prior close. The latest quarterly figures show revenue and net income both improving from the previous quarter.
Q2 revenue moves higher
Thai Union reported Q2 2026 revenue of THB 33,845.15 million, up from THB 32,054.22 million in Q1 2026, according to Investing.com Canada. The sequential increase was 5.59 percent, giving the stock a concrete operating improvement to weigh against its daily decline.
Net income reached THB 1,264.05 million in Q2, compared with THB 1,113.27 million in Q1, while diluted earnings per share rose to THB 0.33 from THB 0.29, according to Investing.com Canada. The 13.54 percent increase in quarterly net income is more significant for valuation than the isolated revenue change because it points to operating leverage.
Broker sees earnings acceleration
On September 17, 2026, Kiatnakin Phatra Securities upgraded Thai Union from Neutral to Buy and raised its target price to THB 16.00, as Kaohoon International reported. The target is THB 2.80 above the September 23 market price.
The broker also lifted its 2026 to 2028 normalized earnings forecasts by an average of 16 percent. Its estimate for Thai Union's net margin excluding i-Tail rises from 1.7 percent in 2026 to 2.3 percent in 2028, while normalized EPS is projected to grow at an 18 percent three-year compound annual rate, according to Kaohoon International.
Stock remains below yearly high
Thai Union's September 23 price of THB 13.20 sits below its 52-week high of THB 14.10 and above its 52-week low of THB 10.40. The market capitalization was THB 50,887,238,107 on the same date, putting the operating improvement and broker forecast in a company-specific valuation frame.
Thai Union stock at a glance
- Company: Thai Union Group Public Company Limited
- Ticker: TU
- Trading venue: Stock Exchange of Thailand
- Price: THB 13.20 on September 23, 2026
- Market capitalization: THB 50,887,238,107 as of September 23, 2026
- 52-week range: THB 10.40-14.10 as of September 23, 2026
- Sector / Industry: Consumer Defensive / Packaged Foods
