Four brokers have assessed shares of North East Rubber, or NER, setting target prices between 5.00 and 5.40 baht per share, with most recommending a buy. They expect second-quarter 2026 earnings to recover from the previous quarter, supported by higher rubber selling prices. Yuanta Securities Thailand gives a target price of 5.40 baht, forecasting second-quarter normalised profit at 337 million baht, up 10.8 percent from the prior quarter but down 31.2 percent from a year earlier. Selling prices recovered faster than expected, lifting gross margin to 9.5 percent from 8.6 percent in the first quarter. Liberator Securities sets a target of 5.20 baht, projecting normalised profit of 407 million baht, a 34 percent increase from the previous quarter. Pi Securities gives a target of 5.05 baht, estimating second-quarter net profit at 361 million baht, up 42 percent from the prior quarter. Dao Securities Thailand maintains a hold recommendation and lowers its target to 5.00 baht, estimating second-quarter normalised profit at 445 million baht, up 46 percent from the previous quarter but still below expectations due to slowing sales volume. Most brokers expect continued growth in the second half, driven by high rubber prices. Yuanta forecasts a full-year dividend yield of 6.6 percent, while Pi keeps its full-year profit estimate at 1.555 billion baht.
North East Rubbers Public Company LimitedMultiple brokers raise target prices and recommend buy, citing higher rubber prices and earnings recovery.