← Thai Vegetable Oil overview

Thai Vegetable Oil vs JBS: why the prices moved differently

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

Thai Vegetable Oil Public Company Limited (TVO.BK)

Q3 2026
▲3▼1

El Niño and strong baht lift TVO, but Q4 cost rise and 2027 profit dip loom

  • El Niño drought boosts vegetable oil demand and prices Forecasters see a very strong El Niño into early 2027, cutting palm oil supply and lifting vegetable oil prices. Brokers upgraded TVO to Buy with a 36 baht target, naming it a top El Niño beneficiary. This supports demand and pricing for TVO's soybean oil.

    This is the main new force behind TVO's positive outlook and broker upgrades this period.

  • Strong baht cuts imported soybean costs The baht strengthened to about 32.98 per dollar on foreign fund inflows. Because TVO imports raw soybeans, a stronger baht lowers its costs and supports profit margins. Asia Plus lists TVO among companies that benefit from this currency move.

    A stronger baht directly lowers TVO's main input cost, a key profit driver.

  • Q3 profit expected up sharply, brokers keep Buy Tisco expects Q3/2026 normalized profit of 729 million baht, up 69% year on year, on higher soybean meal prices and bottled oil sales. It maintains Buy with a 33.75 baht target. Bualuang also sees a positive Q3 on stable costs and better prices.

    This is the latest earnings expectation and broker view that directly supports the stock price.

  • Q4 costs to rise and 2027 profit seen falling Management says soybean costs will rise in Q4/2026, and the El Niño benefit may only arrive in Q1/2027 because Malaysia's palm oil stocks are still high. Consensus expects 2027 profit to fall 13% year on year, so TVO's main attraction is its roughly 7-8% dividend yield.

    This is the main counterweight: near-term cost pressure and a weaker 2027 profit outlook.

September 2026
▲3▼1

El Niño and strong baht lift TVO, but Q4 cost rise and 2027 profit dip loom

  • El Niño drought boosts vegetable oil demand and prices Forecasters see a very strong El Niño into early 2027, cutting palm oil supply and lifting vegetable oil prices. Brokers upgraded TVO to Buy with a 36 baht target, naming it a top El Niño beneficiary. This supports demand and pricing for TVO's soybean oil.

    This is the main new force behind TVO's positive outlook and broker upgrades this period.

  • Strong baht cuts imported soybean costs The baht strengthened to about 32.98 per dollar on foreign fund inflows. Because TVO imports raw soybeans, a stronger baht lowers its costs and supports profit margins. Asia Plus lists TVO among companies that benefit from this currency move.

    A stronger baht directly lowers TVO's main input cost, a key profit driver.

  • Q3 profit expected up sharply, brokers keep Buy Tisco expects Q3/2026 normalized profit of 729 million baht, up 69% year on year, on higher soybean meal prices and bottled oil sales. It maintains Buy with a 33.75 baht target. Bualuang also sees a positive Q3 on stable costs and better prices.

    This is the latest earnings expectation and broker view that directly supports the stock price.

  • Q4 costs to rise and 2027 profit seen falling Management says soybean costs will rise in Q4/2026, and the El Niño benefit may only arrive in Q1/2027 because Malaysia's palm oil stocks are still high. Consensus expects 2027 profit to fall 13% year on year, so TVO's main attraction is its roughly 7-8% dividend yield.

    This is the main counterweight: near-term cost pressure and a weaker 2027 profit outlook.

Latest
▲3▼1

El Niño and strong baht lift TVO, but Q4 cost rise and 2027 profit dip loom

  • El Niño drought boosts vegetable oil demand and prices Forecasters see a very strong El Niño into early 2027, cutting palm oil supply and lifting vegetable oil prices. Brokers upgraded TVO to Buy with a 36 baht target, naming it a top El Niño beneficiary. This supports demand and pricing for TVO's soybean oil.

    This is the main new force behind TVO's positive outlook and broker upgrades this period.

  • Strong baht cuts imported soybean costs The baht strengthened to about 32.98 per dollar on foreign fund inflows. Because TVO imports raw soybeans, a stronger baht lowers its costs and supports profit margins. Asia Plus lists TVO among companies that benefit from this currency move.

    A stronger baht directly lowers TVO's main input cost, a key profit driver.

  • Q3 profit expected up sharply, brokers keep Buy Tisco expects Q3/2026 normalized profit of 729 million baht, up 69% year on year, on higher soybean meal prices and bottled oil sales. It maintains Buy with a 33.75 baht target. Bualuang also sees a positive Q3 on stable costs and better prices.

    This is the latest earnings expectation and broker view that directly supports the stock price.

  • Q4 costs to rise and 2027 profit seen falling Management says soybean costs will rise in Q4/2026, and the El Niño benefit may only arrive in Q1/2027 because Malaysia's palm oil stocks are still high. Consensus expects 2027 profit to fall 13% year on year, so TVO's main attraction is its roughly 7-8% dividend yield.

    This is the main counterweight: near-term cost pressure and a weaker 2027 profit outlook.

JBS N.V. (JBS)

Q3 2026
▲3▼1

JBS expands with Indonesia cash, Pilgrim's buyout, and US beef opening

  • Indonesia sovereign fund invests $2.5B in JBS joint venture JBS formed a joint venture with an arm of Indonesia's sovereign wealth fund, which will invest $2.5 billion and house JBS's Australia and New Zealand businesses. This brings in fresh capital and expands JBS into Southeast Asian protein markets, supporting the stock.

    This is a major new capital and expansion event that directly boosts JBS's growth prospects.

  • Q2 earnings miss as profit falls JBS reported second-quarter earnings that missed expectations, with adjusted EBITDA down 8% and operating income down 16% from a year earlier. Even though revenue rose, weaker profitability pressures the stock because investors worry about margins.

    This is a new earnings report that directly affects how investors value JBS.

  • JBS bids for full control of Pilgrim's Pride in all-stock deal JBS proposed to buy the remaining 18% of Pilgrim's Pride it doesn't own, using JBS stock instead of cash. This would simplify the company, keep more cash flow, and remove Pilgrim's Pride from the Nasdaq. BofA called the deal attractive, lifting both stocks.

    This is a new strategic move that could streamline JBS and improve its financial flexibility.

  • US opens beef imports for 90 days to cool record prices President Trump lifted import quotas on ground beef for 90 days, allowing 300,000 metric tons without tariffs. As a major beef exporter, JBS can sell more into the US at a time of high prices, boosting demand for its products. Tyson Foods, a US competitor, is under pressure.

    This new policy directly increases demand for JBS's beef exports and improves its competitive position.

August 2026
▲3▼1

JBS expands with Indonesia cash, Pilgrim's buyout, and US beef opening

  • Indonesia sovereign fund invests $2.5B in JBS joint venture JBS formed a joint venture with an arm of Indonesia's sovereign wealth fund, which will invest $2.5 billion and house JBS's Australia and New Zealand businesses. This brings in fresh capital and expands JBS into Southeast Asian protein markets, supporting the stock.

    This is a major new capital and expansion event that directly boosts JBS's growth prospects.

  • Q2 earnings miss as profit falls JBS reported second-quarter earnings that missed expectations, with adjusted EBITDA down 8% and operating income down 16% from a year earlier. Even though revenue rose, weaker profitability pressures the stock because investors worry about margins.

    This is a new earnings report that directly affects how investors value JBS.

  • JBS bids for full control of Pilgrim's Pride in all-stock deal JBS proposed to buy the remaining 18% of Pilgrim's Pride it doesn't own, using JBS stock instead of cash. This would simplify the company, keep more cash flow, and remove Pilgrim's Pride from the Nasdaq. BofA called the deal attractive, lifting both stocks.

    This is a new strategic move that could streamline JBS and improve its financial flexibility.

  • US opens beef imports for 90 days to cool record prices President Trump lifted import quotas on ground beef for 90 days, allowing 300,000 metric tons without tariffs. As a major beef exporter, JBS can sell more into the US at a time of high prices, boosting demand for its products. Tyson Foods, a US competitor, is under pressure.

    This new policy directly increases demand for JBS's beef exports and improves its competitive position.

Latest
▲3▼1

JBS expands with Indonesia cash, Pilgrim's buyout, and US beef opening

  • Indonesia sovereign fund invests $2.5B in JBS joint venture JBS formed a joint venture with an arm of Indonesia's sovereign wealth fund, which will invest $2.5 billion and house JBS's Australia and New Zealand businesses. This brings in fresh capital and expands JBS into Southeast Asian protein markets, supporting the stock.

    This is a major new capital and expansion event that directly boosts JBS's growth prospects.

  • Q2 earnings miss as profit falls JBS reported second-quarter earnings that missed expectations, with adjusted EBITDA down 8% and operating income down 16% from a year earlier. Even though revenue rose, weaker profitability pressures the stock because investors worry about margins.

    This is a new earnings report that directly affects how investors value JBS.

  • JBS bids for full control of Pilgrim's Pride in all-stock deal JBS proposed to buy the remaining 18% of Pilgrim's Pride it doesn't own, using JBS stock instead of cash. This would simplify the company, keep more cash flow, and remove Pilgrim's Pride from the Nasdaq. BofA called the deal attractive, lifting both stocks.

    This is a new strategic move that could streamline JBS and improve its financial flexibility.

  • US opens beef imports for 90 days to cool record prices President Trump lifted import quotas on ground beef for 90 days, allowing 300,000 metric tons without tariffs. As a major beef exporter, JBS can sell more into the US at a time of high prices, boosting demand for its products. Tyson Foods, a US competitor, is under pressure.

    This new policy directly increases demand for JBS's beef exports and improves its competitive position.