TEGH says natural rubber products are on Section 301 Exempt List, unaffected by 12.5% tariff

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Summary · why it matters

Thai Eastern Group Holdings Public Company Limited, or TEGH, confirms that its natural rubber products are on the tariff exemption list, or Exempt List, under the United States Section 301 measure that imposes a 12.5% import duty on goods from Thailand. As a result, the company is not affected by the measure and continues to maintain strong competitiveness. Regarding the rubber business outlook for the third quarter of 2026, orders are recovering continuously, especially for EUDR standard block rubber, with orders from existing customers, returning customers, and new customers. Additionally, the weaker baht is enhancing price competitiveness. The palm business is progressing according to its turnaround plan, supported by favorable crude palm oil prices and the government's B7 policy. Meanwhile, analysts from Yuanta Securities Thailand Company Limited assess that the new 12.5% tariff rate is still significantly lower than the previous 19% rate, and the increase of just 2.5% is unlikely to greatly affect orders from US customers. They also expect TEGH's second-half profit to recover strongly and recommend a buy rating with a target price of 4 baht.

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Company's natural rubber products are on Section 301 Exempt List, unaffected by 12.5% tariff; orders recovering and weaker baht enhances competitiveness.

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