TQM Corporation Public Company Limited

TQM has announced an increase in its dividend payout policy. Analysts from Kasikorn Securities expect the company to pay dividends per share of 1.30, 1.33, and 1.38 baht for 2026-2028, respectively, representing payout ratios of 108%, 105%, and 105%, and dividend yields of 7.7%, 7.8%, and 8.2%. They believe this level of payout is sustainable, supported by dividend income from subsidiaries of approximately 700 million baht per year and cash held by subsidiaries of around 1.3 billion baht. Meanwhile, they expect motor insurance sales to strengthen and gross profit margin to recover in the second half of 2026, with GPM expected to peak in the fourth quarter of 2026. However, they remain cautious about high competition and weak purchasing power, thus maintaining their 2026 normalized profit forecast at 719 million baht. They also expect one subsidiary to be listed on the stock exchange in the fourth quarter of 2026, which could create synergies with the core business in the long term. Although this factor is not yet included in the valuation, they expect to recognize gains from the revaluation of the investment in the fourth quarter of 2026. Consequently, they have raised the target price by 20% to 19.1 baht from 15.9 baht, mainly due to the upward revision of dividend estimates. The company also maintains its share buyback program of 300 million baht, of which 177.7 million baht (59.2%) has been used, with the program set to end on August 31.

Easy Lending Company, part of TQM Alpha Public Company Limited, has signed a memorandum of understanding with Sitron Power Public Company Limited to launch the Solar Plus project, offering loans for solar rooftop installation with up to 60 monthly installments, a special fixed interest rate of 0.65-0.71% per month, and starting installments of approximately 2,1XX baht per month. The initiative aims to reduce cost barriers and increase public access to clean energy, aligning with the company's Green Finance approach and supporting the country's Net Zero goals. The collaboration also includes offering solar panel system insurance and loan protection insurance to provide long-term consumer confidence.

Easy Lending Company Limited, part of the TQM Alpha group, has signed a memorandum of understanding with Citron Power Public Company Limited to launch the Solar Plus project, which combines expertise in finance and solar energy. The project offers loans for Solar Rooftop with up to 60 installments, featuring a special fixed interest rate of 0.65% to 0.71% per month, and starting installments of approximately 2,1XX baht per month, making clean energy more accessible to the public without requiring a large upfront sum. It also includes solar panel system insurance and loan protection insurance for consumers. This collaboration aims to create a Green Finance Ecosystem that integrates clean energy, finance, and insurance, helping to reduce greenhouse gas emissions and drive Thailand towards its Net Zero goal sustainably.

TQM Alpha Public Company Limited (TQM) has announced the conclusion of its financial management share buyback program (Treasury Stock) on August 31, 2026, having repurchased a total of 12,525,900 shares, representing 2.09 percent of all issued shares, with a total value of 177,673,430 baht. This was within the target approved by the board on February 26, 2026, which allowed for a maximum amount of 300,000,000 baht and a maximum of 20,000,000 shares, or no more than 3.37 percent of all issued shares. The buyback period ran from March 10 to August 31, 2026.

TQM Alpha Public Company Limited, or TQM, reported second-quarter net profit for 2026 of 185.3 million baht, up 8.0% from the same period last year. Total revenue came in at 976.8 million baht, an increase of 1.5% from a year earlier, supported by a recovery in voluntary motor insurance business in line with domestic car sales and higher health insurance commission income driven by medical inflation. The board of directors approved an interim dividend from first-half 2026 results at 0.65 baht per share, totaling 378 million baht. The ex-dividend date, or XD, is set for 27 August 2026, with payment on 10 September 2026. The company targets average growth of 5 to 7 percent per year through 2028 via its Jump+ strategy and is preparing for the implementation of the e-Payment system under the timeline set by the Office of Insurance Commission.

TQM shares rose 3.11% after the company reported second-quarter net profit for 2026 of 185.3 million baht, up 8.0% from the same period last year. Net profit attributable to the parent company was 171.3 million baht, up 4.3% year on year but down 9.2% from the previous quarter due to seasonal factors in the non-life insurance brokerage business. Total revenue from contracts with customers was 940.0 million baht, up 0.8% from a year earlier, supported by health insurance commission income and a recovery in non-life insurance, especially motor premiums from new car sales. The board approved an interim dividend of 0.65 baht per share, totaling 378 million baht, payable on 10 September 2026, and set a target for total revenue to grow at an average of 5 to 7 percent per year through 2028 under the Jump+ strategic plan.