Thai Union Gains 2% as Baht Weakens, Analyst Recomm. “BUY” on Positive 3Q Outlook
TU rose ฿0.50/share or 2.33% to ฿22.00/share, analyst forecasts that the 3Q21 earnings to remain positive on high season and recent baht depreciation
TU rose ฿0.50/share or 2.33% to ฿22.00/share, analyst forecasts that the 3Q21 earnings to remain positive on high season and recent baht depreciation
17 ก.ย. 2564

The share price of Thai Union Group Public Company Limited (TU) rose ฿0.50/share or 2.33% to ฿22.00/share as of 15:26 local time in Thailand, with a trading value of 1,260 million baht.
Maybank Kim Eng (Thailand) (MBKET) forecasts that TU’s third-quarter earnings would remain positive, owing to the high season and the recent currency depreciation to 33 baht per dollar, plus strong frozen seafood sales and a robust demand for pet food. Additionally, TU plans to spin off the business in order to maximize the value of the TU group. MBKET recommends a “BUY” rating with a target price of 24.6 baht.