SINGER targets 2026 sales revenue to top 1 billion baht, pushes Lock Phone and solar

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Summary · why it matters

Singer Thailand Public Company Limited, or SINGER, is targeting 100% growth in sales revenue in 2026, or a doubling from the previous year, when sales revenue excluding interest income was approximately 490 million baht. It expects to surpass 1 billion baht, driven by four new product sets. Narathip Wirunchataphan, Chief Executive Officer, disclosed that the first quarter of 2026 saw a profit of approximately 140 million baht, with profits continuing in the second quarter. In the lending business, which is the main engine, the combined loan portfolio of SINGER and SG Capital currently stands at approximately 14 billion baht, with nearly 90% of SG Capital's new loans being Lock Phone handset loans. The company issues new loans averaging approximately 1.2 billion baht per month, having disbursed more than 7 billion to 7.3 billion baht in the first half, and targets full-year new loan disbursements of 10 billion baht. Meanwhile, on September 29, 2026, SINGER and SG Capital plan to hold an extraordinary general meeting of shareholders to consider a capital restructuring and to accommodate future dividend payment plans. On distribution channels, 45 new branches were opened in the first half, with plans to open approximately 40 more in the third quarter, bringing cumulative new branches to approximately 85. In the Solar Rooftop business, the company is preparing to combine SINGER's sales strengths with SG Capital's lending expertise, and expects clearer growth to begin emerging in the fourth quarter after the solar loan product was fully launched in the third quarter.

Impact on assets 2

Consumer Discretionary▲
Financials▲
SG Capital PCL
SGC
▲ PositiveDemandrelevance

Nearly 90% of SG Capital's new loans are Lock Phone handset loans, and it is part of the combined 14bn baht portfolio driving SINGER's lending growth.