Phillip Securities (Thailand) Public Company Limited estimates that Srisawad Corporation Public Company Limited, or SAWAD, will report net profit of about 1.4 billion baht in the third quarter of 2026, up 7.3% year on year and 1.4% quarter on quarter, setting a new high. The year-on-year growth is driven by higher interest income from loan expansion, while interest expenses are expected to decline and offset pressure from higher provisioning. Quarter-on-quarter growth is expected to be limited, as higher interest expenses and provisioning weigh on profit expansion. The loan portfolio is expected to reaccelerate with a 2.5% quarter-on-quarter increase, bringing loan growth to about 4.1% year to date from the end of 2025, though asset quality must be watched closely, as non-performing loans could rise from 3.86% in the previous quarter. For the full year 2026, Phillip Securities maintains its profit forecast at 5.6 billion baht, up 11.9% year on year, and expects another new high. It also maintains its target price of 30 baht and its Buy recommendation.
Srisawad Power 1979 PCLPhillip Securities forecasts record Q3 2026 net profit of 1.4 billion baht and maintains a Buy rating with a 30 baht target price for SAWAD.
