Thanapiriya Public Company Limited

Thanapiriya Public Company Limited, or TNP, targets sales growth of 10 to 15 percent in 2026, supported by the Thai Chuay Thai Plus measures and the Thai Thiao Thai Plus 2026 tourism campaign. The company is also moving ahead with eight new branches, bringing the total to 64 by year-end, up from 59 in the first half. Second-quarter 2026 sales revenue was 853.59 million baht, up 14.90 percent from the same period last year, while net profit was 55.22 million baht, up 9.5 percent. For the first six months, revenue was 1.62397 billion baht, up 10.82 percent, and net profit was 103.59 million baht, with same-store sales up 4.9 percent. The board approved an interim dividend of 0.0525 baht per share, with the ex-dividend date on 24 August and payment on 10 September 2026.

Thanapiriya Public Company Limited, or TNP, signals outstanding second-half 2026 performance, supported by government economic stimulus measures and the Thai Helping Thai programme. Deputy Managing Director Amorn Phutthiphiriya revealed that the company plans to open five more new branches in the second half, adding to three opened in the first half, totalling eight branches for the year, with a total investment budget of 110 million baht, and targets revenue growth of 10 to 15 percent this year. Meanwhile, Globlex Securities Company Limited, or GBS, expects second-quarter profit of 55 million baht, up 9 percent from a year earlier and 13 percent from the previous quarter, benefiting from the increase in the state welfare card limit to 1,000 baht per month during June to September 2026 and the Thai Helping Thai Plus measures, which have helped same-store sales return to positive growth of 2 to 3 percent. GBS maintains its full-year 2026 net profit forecast at 229 million baht and gives a fair value of 3.58 baht, based on a price-to-earnings ratio of 12.5 times, while keeping a buy recommendation and expecting an attractive dividend yield of 4 to 5 percent per year.

Globlex Securities, or GBS, estimates that the Thai stock index in August is likely to move in a range of 1,600 to 1,650 points, supported by a more relaxed investment climate for risk assets. This follows President Donald Trump's cancellation of plans to attack Iran and the achievement of a temporary ceasefire agreement, which caused WTI crude oil prices to ease below 80 US dollars per barrel, after having surged past 88 US dollars per barrel. In addition, the OPEC+ group is likely to increase production capacity by another 188,000 barrels per day in September. Meanwhile, investors have reduced the probability of a US Federal Reserve interest rate hike in September to 65 percent from 82 percent, and the European Central Bank kept its policy rate at 2.25 percent. On the domestic front, foreign capital inflows have clearly returned, with net purchases in July reaching as high as 45 billion to 48.7 billion baht, up from 6.86 billion baht in the previous month, bringing cumulative net purchases since the beginning of the year to 73 billion to 74.3 billion baht. This is coupled with June exports expanding 20.8 percent, valued at 34.66 billion US dollars, and headline inflation slowing to 2.42 percent. GBS recommends an investment strategy focusing on stocks with strong fundamentals and outstanding second-quarter 2026 earnings growth prospects, namely CBG, STA, BBGI, PR9, and TNP.