FSMART expands Boonterm top-up machine services after Cabinet extends Thai Chai Thai Plus by 2 months

โดย HoonVision·TH·Read original
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Fort Smart Service Public Company Limited, or FSMART, expects to benefit from the Cabinet's extension of the Thai Chai Thai Plus program by another 2 months, from October 1 to November 30, 2026, with a total limit of no more than 1,000 baht, which will help boost the purchasing power of the grassroots customer group that forms the core customer base of its Boonterm top-up machine business. Managing Director Narongsak Lertsapthawee disclosed that the operating performance trend in the third quarter of 2026 remains steady compared with the previous quarter and the same period last year, and is considered the lowest point of the year, due to the impact of the rainy season, flooding in many areas, and rising oil prices, which pressured purchasing power. The fourth quarter of 2026 is expected to improve in line with seasonal factors as the Boonterm machines enter their high season. The company is also preparing to launch new services, namely the sale of National Savings Fund lottery tickets, which is awaiting an official launch date from the government, and cross-border money transfers to serve the migrant worker group, expected to begin service in early November, while still awaiting license approval from the Bank of Thailand. The company is maintaining its full-year total revenue growth target of 8-10% from last year, with the Boonterm machine business accounting for approximately 70-75% of revenue, while the lending business is expected to grow the most prominently this year, from a current accumulated loan portfolio of approximately 1.7 to 1.8 billion baht, with a target to expand the portfolio to 2 billion baht by year-end. As for the Gingka EV business, or electric vehicle chargers, the number of charging heads has expanded from approximately 500-600 at the start of the year to approximately 700-800 currently, with a target of 1,000 charging heads by the end of this year. As for the Taobin automated coffee machine business, in which FSMART holds a 26% stake and recognizes its share of profits, there are currently more than 8,000 machines in service, with a target to expand to 10,000 machines.

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