Thai Union stock heads toward Q3 results with THB 16 target

Published on 10/07/2026 at 06:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thai Union stock was last at THB 12.40 on October 7, 2026, down 0.80 percent on the SET. Q2 revenue rose 5.59 percent quarter over quarter.

Thai Union, TH0450010R15, Illustration mit AI erstellt.

Thai Union Group (ISIN TH0450010R15) was last at THB 12.40 on the SET on October 7, 2026, down 0.80 percent from the previous close. The next major checkpoint is the company's Q3 2026 result, while Kiatnakin Phatra Securities keeps a THB 16.00 target.

Kiatnakin keeps Buy rating

According to Kaohoon International on October 5, 2026, Kiatnakin Phatra Securities expects Thai Union to post Q3 2026 net profit of THB 1.27 billion. That would represent a 2.4 percent year-over-year decline and a 0.7 percent quarter-over-quarter increase.

The same analysis keeps a Buy rating and a THB 16.00 target, while projecting a Q3 gross margin of 20.3 percent. Compared with the October 7 price of THB 12.40, that target lies 29.03 percent above the price.

Q2 revenue improved

Thai Union's Q2 2026 revenue reached THB 33,845.15 million, up from THB 32,054.22 million in Q1 2026, a 5.59 percent quarter-over-quarter increase. Net income rose from THB 1,113.27 million to THB 1,264.05 million over the same periods, an increase of 13.55 percent, according to Investing.com.

The margin setup remains central to the earnings case. Kiatnakin expects full-year 2026 gross margin of 19.5 to 20.5 percent, while higher tuna, freight and advisory costs are identified as near-term pressures for the frozen and ambient seafood businesses.

Consensus points to upside

As of September 23, 2026, MarketScreener listed a Buy consensus from 18 analysts, with an average target of THB 15.00. Using the October 7 price, that average target lies 20.97 percent above the stock.

The same page identifies Thai Union as a food-processing company and lists a Q3 2026 earnings release for November 1, 2026. The calendar date gives investors a defined test for the margin and cost assumptions behind the current targets.

Thai Union stock remains below targets

Thai Union stock was last at THB 12.40 on the SET on October 7, 2026, with a 52-week range of THB 10.40 to THB 14.10. Market capitalization stood at THB 47.8 billion, while volume reached 11,445,948 shares.