Analysts say weak baht will boost second-half exports, recommend BTG and ITC stocks

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Summary · why it matters

Analysts assess that the baht is likely to continue weakening in the third quarter of 2026, with Krungsri expecting a trading range of 32 to 34 baht per US dollar and full-year exports possibly expanding by 9.8 percent. Meanwhile, analysts at Bualuang Securities view that the agricultural and food export sector will clearly recover in the second half of the year, with the weak second-quarter earnings caused by geopolitical factors and freight costs marking the low point of the year. They therefore recommend accumulating BTG as the top pick, followed by CPF and ITC in the pet food segment, which is supported by real demand and an expanding new customer base. TU, on the other hand, mainly benefits from foreign exchange gains only.

Impact on assets 5

Consumer Staples▲ · 4 stocks
Betagro PCL
BTG
▲ PositiveDemandrelevance

Analysts recommend BTG as top pick, citing recovery in agricultural and food export sector in H2.

i-Tail Corp. PCL
ITC
▲ PositiveDemandrelevance

Analysts recommend ITC in pet food segment, supported by real demand and expanding customer base.

Thai Union Group PCL
TU
▲ PositiveMonetaryrelevance

TU mainly benefits from foreign exchange gains due to weak baht.

Others▲ · 1 stocks
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