0559 GMT - Thai Vegetable Oil's 2026 earnings are likely in an upcycle, Maybank Securities (Thailand)'s Tanida Jirapornkasemsuk says in a research report. Drivers are positive price trends of soybean meal and soybean oil on changes in the global edible oil market and the company's capacity expansion, the analysts say. Malaysia and Indonesia are facing palm oil supply constraints from factors such as ageing plantations, which could tighten global CPO supply and support long-term demand and prices for alternative edible oils such as soybean oil. Thai Vegetable Oil produces soybean meal for the animal feed industry and soybean oil for food consumption. The brokerage initiates coverage of the stock with a buy rating and a target price of 28.25 baht. Shares are unchanged at 26.00 baht. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 11, 2026 01:59 ET (05:59 GMT)
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