← Thai Eastern Group Holdings PCL overview

Thai Eastern Group Holdings PCL vs Soybean Oil Futures: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Thai Eastern Group Holdings PCL (TEGH.BK)

Q3 2026
▲4

TEGH rides record rubber demand, profit surge, and export boom

  • Q2 profit doubles, 22bn baht revenue target TEGH's second-quarter net profit jumped 104% to 165 million baht, with rubber prices up nearly 30% from a year earlier. Management targets 2026 revenue of 22 billion baht, a record, and expects EUDR-compliant rubber to make up 30–40% of second-half sales. Stronger earnings and a clear growth plan support the share price.

    This is the core earnings event that anchors the period's positive story.

  • India tax exemption drives orders beyond capacity India removed its 20% import tax on compound rubber, sending orders to TEGH that now exceed what it can produce. Brokers recommend buying with target prices of 4.00–4.40 baht, expecting 2026 profit up 5% and 2027 profit up 23%. The demand surge is a direct, powerful driver for the stock.

    A new, concrete demand shock that explains why brokers turned bullish.

  • Raw material stockpile shields output from heavy rain TEGH began stockpiling raw rubber in August to keep production running through year-end despite heavy rain halting tapping in eastern and northeastern Thailand. EUDR orders keep flowing, expected above 30% of sales this year and 40–50% in 2027. This protects revenue and shows operational resilience.

    A new supply-side risk that TEGH has actively managed, reassuring investors.

  • Thai exports boom, TEGH named a top pick Thailand's exports grew 20.8% in June and 24.3% in August, with rubber exports up 23.2% in August. Phillip Securities named TEGH among 17 standout stocks benefiting from the export surge. Broad export strength lifts demand for TEGH's rubber and supports its sales volume growth.

    Macro export data directly boosts TEGH's main rubber business and validates its growth targets.

August 2026
▲4

TEGH rides record rubber demand, profit surge, and export boom

  • Q2 profit doubles, 22bn baht revenue target TEGH's second-quarter net profit jumped 104% to 165 million baht, with rubber prices up nearly 30% from a year earlier. Management targets 2026 revenue of 22 billion baht, a record, and expects EUDR-compliant rubber to make up 30–40% of second-half sales. Stronger earnings and a clear growth plan support the share price.

    This is the core earnings event that anchors the period's positive story.

  • India tax exemption drives orders beyond capacity India removed its 20% import tax on compound rubber, sending orders to TEGH that now exceed what it can produce. Brokers recommend buying with target prices of 4.00–4.40 baht, expecting 2026 profit up 5% and 2027 profit up 23%. The demand surge is a direct, powerful driver for the stock.

    A new, concrete demand shock that explains why brokers turned bullish.

  • Raw material stockpile shields output from heavy rain TEGH began stockpiling raw rubber in August to keep production running through year-end despite heavy rain halting tapping in eastern and northeastern Thailand. EUDR orders keep flowing, expected above 30% of sales this year and 40–50% in 2027. This protects revenue and shows operational resilience.

    A new supply-side risk that TEGH has actively managed, reassuring investors.

  • Thai exports boom, TEGH named a top pick Thailand's exports grew 20.8% in June and 24.3% in August, with rubber exports up 23.2% in August. Phillip Securities named TEGH among 17 standout stocks benefiting from the export surge. Broad export strength lifts demand for TEGH's rubber and supports its sales volume growth.

    Macro export data directly boosts TEGH's main rubber business and validates its growth targets.

Latest
▲4

TEGH rides record rubber demand, profit surge, and export boom

  • Q2 profit doubles, 22bn baht revenue target TEGH's second-quarter net profit jumped 104% to 165 million baht, with rubber prices up nearly 30% from a year earlier. Management targets 2026 revenue of 22 billion baht, a record, and expects EUDR-compliant rubber to make up 30–40% of second-half sales. Stronger earnings and a clear growth plan support the share price.

    This is the core earnings event that anchors the period's positive story.

  • India tax exemption drives orders beyond capacity India removed its 20% import tax on compound rubber, sending orders to TEGH that now exceed what it can produce. Brokers recommend buying with target prices of 4.00–4.40 baht, expecting 2026 profit up 5% and 2027 profit up 23%. The demand surge is a direct, powerful driver for the stock.

    A new, concrete demand shock that explains why brokers turned bullish.

  • Raw material stockpile shields output from heavy rain TEGH began stockpiling raw rubber in August to keep production running through year-end despite heavy rain halting tapping in eastern and northeastern Thailand. EUDR orders keep flowing, expected above 30% of sales this year and 40–50% in 2027. This protects revenue and shows operational resilience.

    A new supply-side risk that TEGH has actively managed, reassuring investors.

  • Thai exports boom, TEGH named a top pick Thailand's exports grew 20.8% in June and 24.3% in August, with rubber exports up 23.2% in August. Phillip Securities named TEGH among 17 standout stocks benefiting from the export surge. Broad export strength lifts demand for TEGH's rubber and supports its sales volume growth.

    Macro export data directly boosts TEGH's main rubber business and validates its growth targets.

Soybean Oil Futures (SOYOIL.COMM)

Q3 2026
▲2▼2

Soy oil swings on crush, exports, weather, crude

  • June crush beats expectations, soy oil stocks drop NOPA reported a record-large June soybean crush of 214.34 million bushels, well above trade estimates. Soy oil stocks fell to 1.5 billion pounds, below expectations and down 13.5% from May. Tighter oil supplies support higher soy oil prices.

    This is the clearest new supply-side force tightening soy oil availability and lifting prices.

  • Strong soybean export demand lifts the whole complex USDA reported private soybean sales to China and unknown buyers, and forward 2026/27 bookings hit 1.537 million metric tons, nearly triple last year. Rabobank cut Brazil's crop estimate. Strong bean demand pulls soy oil up with it.

    Export demand is a major new demand-side driver pulling soy oil higher alongside soybeans.

  • Weather and crude oil slump trigger sharp selloff Soybeans and soy oil tumbled as US crop conditions stayed mostly good and crude oil plunged over $7, making soy oil-based biodiesel less competitive. Speculative funds had built a large bullish position, amplifying the drop.

    This is the main new counterweight, showing weather and energy markets can quickly reverse soy oil gains.

  • China to auction imported soybeans, adding supply China's state-owned Sinograin will auction 504,000 metric tons of imported soybeans on Friday. This could ease Chinese demand for fresh US soybeans and soy oil, weighing on prices.

    A new potential demand headwind from China, the top soybean buyer, that could pressure soy oil.

July 2026
▲2▼2

Soy oil swings on crush, exports, weather, crude

  • June crush beats expectations, soy oil stocks drop NOPA reported a record-large June soybean crush of 214.34 million bushels, well above trade estimates. Soy oil stocks fell to 1.5 billion pounds, below expectations and down 13.5% from May. Tighter oil supplies support higher soy oil prices.

    This is the clearest new supply-side force tightening soy oil availability and lifting prices.

  • Strong soybean export demand lifts the whole complex USDA reported private soybean sales to China and unknown buyers, and forward 2026/27 bookings hit 1.537 million metric tons, nearly triple last year. Rabobank cut Brazil's crop estimate. Strong bean demand pulls soy oil up with it.

    Export demand is a major new demand-side driver pulling soy oil higher alongside soybeans.

  • Weather and crude oil slump trigger sharp selloff Soybeans and soy oil tumbled as US crop conditions stayed mostly good and crude oil plunged over $7, making soy oil-based biodiesel less competitive. Speculative funds had built a large bullish position, amplifying the drop.

    This is the main new counterweight, showing weather and energy markets can quickly reverse soy oil gains.

  • China to auction imported soybeans, adding supply China's state-owned Sinograin will auction 504,000 metric tons of imported soybeans on Friday. This could ease Chinese demand for fresh US soybeans and soy oil, weighing on prices.

    A new potential demand headwind from China, the top soybean buyer, that could pressure soy oil.

Latest
▲2▼2

Soy oil swings on crush, exports, weather, crude

  • June crush beats expectations, soy oil stocks drop NOPA reported a record-large June soybean crush of 214.34 million bushels, well above trade estimates. Soy oil stocks fell to 1.5 billion pounds, below expectations and down 13.5% from May. Tighter oil supplies support higher soy oil prices.

    This is the clearest new supply-side force tightening soy oil availability and lifting prices.

  • Strong soybean export demand lifts the whole complex USDA reported private soybean sales to China and unknown buyers, and forward 2026/27 bookings hit 1.537 million metric tons, nearly triple last year. Rabobank cut Brazil's crop estimate. Strong bean demand pulls soy oil up with it.

    Export demand is a major new demand-side driver pulling soy oil higher alongside soybeans.

  • Weather and crude oil slump trigger sharp selloff Soybeans and soy oil tumbled as US crop conditions stayed mostly good and crude oil plunged over $7, making soy oil-based biodiesel less competitive. Speculative funds had built a large bullish position, amplifying the drop.

    This is the main new counterweight, showing weather and energy markets can quickly reverse soy oil gains.

  • China to auction imported soybeans, adding supply China's state-owned Sinograin will auction 504,000 metric tons of imported soybeans on Friday. This could ease Chinese demand for fresh US soybeans and soy oil, weighing on prices.

    A new potential demand headwind from China, the top soybean buyer, that could pressure soy oil.

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