Yuanta Securities estimates that the third-quarter 2026 normalized profit of Thai Union Group Public Company Limited, or TU, will come in at 1.42 billion baht, up 4.3% from the previous quarter and up 17.4% from a year earlier. Revenue is expected at 35.882 billion baht, growing 6.0% from the previous quarter and 4.0% from a year earlier, driven by the canned food and pet food businesses. The gross profit margin is expected at 20.7%, up from 19.0% in the third quarter of 2025, while net profit is forecast at 1.305 billion baht. The price of tuna rose in September to 2,200 to 2,300 US dollars per ton, after hitting a record high of 2,100 US dollars per ton in August, the first time the price exceeded 2,000 US dollars per ton, bringing the third-quarter average to about 2,075 US dollars per ton, up 17.3% from the previous quarter and up 33.9% from a year earlier. The research team therefore raised its 2026 and 2027 profit forecasts by 18% and 4% respectively, and set a new target price of 16.00 baht, based on 12.5 times earnings, maintaining a buy recommendation with 29% upside. It also expects a second-half dividend of 0.40 baht, representing a 3% return.
Thai Union Group PCLYuanta raised its 2026/2027 profit forecasts and set a new 16.00 baht target price with a buy rating on TU's expected Q3 normalized profit growth.
