Elevator Pitch
Thailand-listed Thai Union Group Public Company Limited (TUFUF) (THFRF) (TUFBY) [TU:TB] has underperformed in recent years, largely due to high tuna prices depressing profitability and an ongoing antitrust lawsuit involving its U.S. subsidiary. In the past two years, Thai Union's share price (excluding dividends) has been down -6%, while the Thailand benchmark SET Index was up +5% over the same period.
But things are turning around for Thai Union with tuna prices coming down from mid-2017 highs and a settlement reached with the majority of the plaintiffs