On Monday, the share price of Sri Trang Agro-Industry Public Company Limited (SET: STA) at the time of 11.10 a.m. was at THB 13.80, a THB 0.60 or 4.55% with a total trading value of THB 97.19 million.
Meanwhile, the share price of North East Rubber Public Company Limited (SET: NER) at the same time was at THB 4.50, a THB 0.02 or 0.45% with a total trading value of THB 39.48 million.
The share price of Sri Trang Gloves (Thailand) Public Company Limited (SET: STGT) was at THB 6.95, a THB 0.15 or 2.21% with a total trading value of THB 36.64 million.
The share price of Thai Rubber Latex Group Public Company Limited (SET: TRUBB) was at THB 0.90, a THB 0.11 or 13.92% with a total trading value of THB 24.93 million.
The share price of Thai Eastern Group Holdings Public Company Limited (SET: TEGH) was at THB 3.38, a THB 0.08 or 2.42% with a total trading value of THB 5.83 million.
Kasikorn Securities (KS) has revealed that Thailand has successfully negotiated with China to secure a waiver on import tariffs for Thai natural rubber. Previously taxed at 20%, Chinese authorities will now impose a 0% rate. The export route will utilize the Mekong River, a crucial logistics channel for trade between the two nations.
This tariff elimination will enhance the competitiveness of Thai rubber and open further opportunities to expand market share in China, which is currently Thailand’s largest importer of natural rubber.
Meanwhile, the European Union’s environmental regulations (EUDR), which mandate sustainability criteria and supply chain traceability, has prompted China to import more rubber from Thailand as a raw material for tire manufacturing destined for the European market.
KS views these developments as positive for STA, one of Thailand’s leading rubber producers, as STA is expected to directly benefit from higher orders and increased market penetration in both China and Europe.
