Srisawad Capital 1969 PCL

Three Thai listed companies reported strong second-half results. WINMED posted second-quarter 2026 profit of 6.40 million baht, up 237%, with total revenue of 209.22 million baht, driven by growth in blood recruitment products and services and cell and molecular technology products. Management said the second-half outlook is bright after its Pathogen Inactivation innovation was well received by public and private hospitals, and it is moving ahead with launching Thailand's first mobile platelet donation bus. IROYAL reported first-half 2026 total revenue of 232.73 million baht and net profit of 65.91 million baht, up 34%, with a backlog of 620 million baht and projects ready for bidding in 2026 to 2027 worth more than 2.5 billion baht. The board approved an interim dividend of 0.1304 baht per share. SCAP posted record profit in the second quarter of 2026, with total revenue of 1.45555 billion baht and net profit of 477.35 million baht, up 155.05% from the same period last year, driven by motorcycle hire-purchase lending and mobile phone hire-purchase lending through the Locked Phone system, along with effective control of debt quality and expenses.

Srisawad Capital 1969, or SCAP, reported first-half 2026 net profit of 898.12 million baht, up more than 146% from the same period last year, with total revenue of 2.92 billion baht. Second-quarter net profit was 477.35 million baht, up 155.05% year on year and up 13.45% from the previous quarter. SCAP director Duangjai Kaewbutta said growth came from the core motorcycle hire-purchase lending business, which has continued to recover, and the mobile phone hire-purchase business through the locked phone system, which is the company's new S-curve. The company now has more than 7,000 dealer stores and has recently expanded cooperation with Xiaomi, adding to Realme, Huawei, Honor, Infinix, Nubia and Tecno. The company launched an automated credit system for the locked phone mobile business in July, which has helped increase customer numbers by more than 40% since the launch, and expects it to keep driving record profits throughout 2026.

Srisawad Capital 1969 Public Company Limited, or SCAP, is expanding its locked phone hire-purchase financing market by partnering with major player Xiaomi and investing in an unlimited, paperless automatic credit approval system, enabling dealers and stores nationwide to use it without credit officers. Acting Chief Executive Officer Ms. Duangjai Kaewbutta stated that locked phone financing is a long-term strategic plan or New S-Curve for SCAP, with the mobile phone market selling over 17 million units per year expected to increasingly rely on financing due to continuously rising chip prices. The company aims to become the leader in mobile phone hire-purchase financing in Thailand within two years, after already succeeding as the market leader in motorcycle hire-purchase financing. The automatic approval system will launch this July to enhance speed, reduce costs, and manage risk through an intelligent system under good governance and ESG principles.