Starflex Public Company Limited

Starflex Public Company Limited, or SFLEX, a leading domestic manufacturer and distributor of flexible plastic packaging, disclosed that its operating performance in the third and fourth quarters of 2026 is expected to continue growing from the second quarter of 2026, which set a new record high. The company has invested in 10 additional machines for producing and attaching spout caps, on top of its existing 11 machines, to handle orders that have nearly doubled. As for its joint venture with Thai Union Group Public Company Limited, or TU, under Star Union Packaging, in which SFLEX holds a 51% stake, the project was delayed by about six months due to the conflict situation around the Strait of Hormuz. However, TU has now approved all orders and will begin gradually sending orders starting in the fourth quarter of 2026, with the first SKU in the packaging group for salmon products expected to generate revenue of approximately 100 million baht. For 2026, SFLEX is maintaining its revenue target at approximately 2.1 billion baht, up from about 1.9 billion baht in 2025.

The Securities and Exchange Commission, or SEC, has appointed Apisit Suksakorn as Assistant Secretary-General for Digital Technology, overseeing the Information Technology Risk Supervision and Examination Department, the Data Management and Analysis Department, and the Information Technology Department, effective from January 1, 2027. Meanwhile, Starflex Public Company Limited, or SFLEX, reported record-high revenue and net profit for the second quarter of 2026, driven by higher selling prices and a product mix that boosted margins. CEO Dr. Sompoch Valyasavee said the second-half plan will upgrade production with advanced technology, expand Green Packaging, and accelerate Star Union Packaging. Separately, Chaoshua Foods Industry Public Company Limited, or CHAO, announced its business plan for the second half of 2026, focusing on developing the domestic market and expanding abroad through alliances with major retail partners to penetrate the Chinese market, with completion expected within 2026. Winner Medical Public Company Limited, or WINMED, reported strong second-quarter 2026 results, with CEO Nanthiya Darakananda citing bright second-half prospects after its Pathogen Inactivation, or PI, innovation won strong acceptance from public and private hospitals, along with the launch of Thailand's first mobile blood donation bus service. Britania Public Company Limited, or BRI, received an excellent rating with a full 100 points and five stars from the 2026 AGM Checklist assessment of annual general meeting quality, according to CEO Krit Techasumma. And Bangkok Commercial Asset Management Public Company Limited, or BAM, held an analyst meeting to outline its second-half 2026 business picture, advancing a resilient business model, reducing reliance on big-ticket items, accelerating TDRs, and revolving NPA assets, while setting up three more joint-venture AMCs, with the first expected to be finalized as early as the end of the third quarter of 2026. It aims for its total asset portfolio to surpass 600 billion baht by year-end under the BAM Universe approach, according to CEO Dr. Raks Worakitphokathorn.

SFLEX has reported the results of its share buyback for financial management purposes as of August 31, 2026. The company repurchased 100,000 shares through the stock exchange, totaling 306,414.97 baht, with the purchase price per share ranging between 3.04 and 3.10 baht. The buyback program is scheduled to conclude on November 17, 2026, following the board's approval on May 13, 2026. The maximum number of shares to be repurchased under the program is 16,000,000 shares, representing 2.02% of the paid-up shares. To date, the company has repurchased a total of 12,034,500 shares, accounting for 1.52% of the paid-up shares, with an aggregate value of 35,325,572.02 baht.

Star Flex Public Company Limited (SFLEX) announced its Q2/69 results with a net profit of 79.15 million baht, a 48.91% increase, the highest ever compared to the same period last year. The board approved an interim dividend of 0.17 baht per share, representing a yield of 5% based on the share price of 3.26 baht as of August 24, 69, with payment scheduled for September 10. In the second half, the company is increasing production capacity to full capacity to meet the demand for green packaging, which is expected to boost revenue for 69 to exceed the target of 2,200 million baht.

Starflex Public Company Limited, or SFLEX, reported a normalised profit of 79 million baht for the second quarter of 2026, a new record high, up 28.1 percent from the previous quarter and 46.4 percent from the same period last year. The result was 24 percent above the research department's estimate, driven mainly by a record gross margin of 27.6 percent. Revenue came in at 514.4 million baht, up 4.8 percent from the previous quarter and 9.9 percent from the same period last year. Finansia Syrus raised its normalised profit forecasts for 2026 to 2028 by 4 to 6 percent and lifted its target price to 4.00 baht from 3.80 baht, maintaining a buy recommendation.

Starflex Public Company Limited, or SFLEX, reported second-quarter 2026 net profit of 79.15 million baht, up 48.91% from the same period last year and a new record high, with total revenue of 520.74 million baht, up 10.10% from 472.95 million baht a year earlier. For the first six months of 2026, net profit was 140.84 million baht, up 19.03%, and total revenue was 1.016 billion baht, up 4.81%. The board approved an interim dividend of 0.17 baht per share, with the XD date set for 26 August 2026 and payment on 10 September 2026. The company said growth came from adjusting selling prices in line with higher raw material and freight costs, as well as shifting the product mix toward spouted pouch packaging, which carries higher margins. In the second half of the year, it plans to upgrade production with new machinery and automation technology, while expanding eco-friendly mono-material packaging to meet rising market demand.

SFLEX is pressing ahead with its push into the eco-friendly packaging market in the second half of the year, focusing on mono-material products and adding product value to maintain profitability. Meanwhile, its joint venture Star Union Packaging has begun to see a recovery in orders after customers previously held back, coupled with rising orders from China and Vietnam. Chief Executive Officer Dr. Sompoch Wulyasaevi revealed that first-half performance showed outstanding growth, and full-year revenue is expected to exceed the target of 2.2 billion baht, with the share of eco-friendly packaging sales already rising from 10 percent to 20 percent.

The Bank of Thailand's business confidence index for June 2026 rose to 46.1 from 42.5 in the previous month, reflecting a recovery in manufacturing, trade, and domestic purchasing power. This is positive for the packaging industry, especially Starflex Public Company Limited, or SFLEX, whose customer base covers food, beverage, and consumer goods. The company reported first-quarter 2026 total revenue of 495.49 million baht, net profit of 61.68 million baht, and gross profit increasing to 126.7 million baht from 120.6 million baht in the same period last year. It continues to develop eco-friendly packaging innovations and expand its new customer base, supporting its 2026 revenue target of 2.2 billion baht.

Shares of Starflex Public Company Limited, or SFLEX, are drawing investor attention as brokers signal that funds are flowing back into domestic-play stocks. SFLEX's main customers are major national consumer goods brands. As the economy picks up and purchasing power increases, demand for packaging rises in tandem, providing a significant boost to second-half performance.