This report is an updated version of the report published on 9 February 2026 at 8:02 PM (GMT +13)

T&G Global Limited

T&G Global Limited (NZX: TGG) is engaged in distributing, marketing and exporting fresh produce. 

Recommendation Rationale – Sell at NZD 2.68

• TGG highlighted that, globally, there remains volatility, with trade risks, inflationary pressure as well as ongoing uncertainty continuing to impact some of the markets.
• In the first six months, VentureFruit revenue from external customers fell to $2.9 Mn as compared to $4.0 Mn in the comparable 2024 period. Also, the operating loss rose to a loss of $7.2 Mn from a loss of $3.4 Mn in the comparable half-year in the 2024 financial year. This was mainly because of phasing of operating expenditure.
• Overall, the company is exposed to risks such as softer economic condition, geopolitical worries, uncertain trade policies, etc.
• TGG’s share price surpassed its R1 level recommended on December 18, 2025. Therefore, there can be a possible decline from the specified resistance levels.

TGG’s Daily Price Chart

Considering the increasing volatility over global equity market, inflationary pressures, geopolitical tensions, etc., it is prudent to book profit at the current levels.

Hence, a ‘Sell’ rating has been provided on the stock at the closing price of NZD 2.68 per share, up by 3.88% as on 9 February 2026.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 9 February 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.