Kasikorn Securities recommends buying shares of Thai Vegetable Oil Public Company Limited, or TVO, with a target price of 30 baht, after the company reported normalized profit for the second quarter of fiscal year 2026 at 796 million baht, up 2 percent from a year earlier and 58 percent from the previous quarter. The research team raised its normalized profit forecasts for fiscal years 2026 and 2027 by 14 percent and 10 percent respectively, citing better sales volume, and expects dividend yields of 8.6 percent and 7.0 percent respectively for those years. Management also has a positive view on the short-term outlook and expects third-quarter fiscal 2026 operating results to be similar to the second quarter.
Thai Vegetable Oil Public Company LimitedKasikorn Securities upgrades profit forecasts and sets a 30 baht target price, citing strong earnings and high dividends.
