SAPPE Plc. (SAPPE): 2Q26 Profit Fell YoY But Rose QoQ; 3Q26E Sales Set to Recover – Neutral (12M FWD Fair Value Bt34.50)
2Q26 profit came in 10% below our forecast due to GPM being 30 bps below expectations. Earnings declined YoY but recovered QoQ across all regions...
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SAPPE Plc. (SAPPE): 2Q26E Earnings Down YoY, Up QoQ; Sales Recovery to Continue in 3Q26E - Neutral (12M FWD Fair Value Bt34.50)
We expect 2Q26E earnings to decline YoY but recover QoQ on seasonal factors, supported by sales growth, particularly overseas sales (73% of total...
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SAPPE Plc. (SAPPE): Cut 2026–28E Forecasts; Dividend Yield Expected At 6–7%
Earnings recovery is weaker than previously expected due to war-related risks, which increase uncertainty in the business recovery, particularly in...
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Special Report: Strong 2Q26 Earnings Beat Supports SET Earnings Upgrades
2Q26 results for the 116 companies covered by Bloomberg Consensus showed combined net profit of Bt331.87bn, up 25.7% QoQ and 21.8% YoY, beating...
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SAPPE Plc. (SAPPE): Earnings Cut For 2025–27E / Limited Near-Term Appeal
SAPPE targets 15% sales growth in 2026, with domestic sales rising slightly below 15% and overseas sales above 15%, supported by low bases in the...
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