Mr. Chuwit Jungtanasomboon, CEO of North East Rubber Public Company Limited (SET: NER) stated that the company’s performance outlook in 2Q25 could be better than the expectation as the pre-order is now cueing to October.
The CEO noted that the rubber’s price fell after April 2, 2025, but started to recover in May. On the overall year-round, the rubber price is expected to be around THB 70 per kilogram.
As for the livestock rubber mat business, its overall performance is gaining as its sales revenue has increased from six digits per quarter to seven digits, while the business continues to expand.
NER also has plans to invest in foreign nations, like in Ivory Coast. The company aims to construct its third rubber block and rubber compound factory, capable of manufacturing 320 thousand tons of product. However, NER needs to wait for clarity on the U.S. import tariff policy in the third quarter.
As for the year-round performance, the company is confident that the operation will meet its forecast result. The total revenue goal for 2025 is expected to be at THB 34 billion, with product combined weight of 500 thousand tons being sold. Furthermore, 70% of its customers should be domestic, while the remaining 30% should be international.
Regarding the issue of rubber farmers delaying the tapping process by one month, NER was not affected much since the rubber volume on the tapping’s opening season is usually low. On the global production scale, the rubber volume is expected to increase by 2%.
