← Fortune Parts Industry overview

Fortune Parts Industry vs Thai Stanley Electric: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Fortune Parts Industry Public Company Limited (FPI.BK)

Q3 2026
▲4

FPI's Saudi hub and strong profit drive growth

  • Saudi factory nears completion, $30M Ceer deal secured FPI is building a factory in Saudi Arabia, set to open around November-December 2026. It already has a $30 million (about 1 billion baht) parts order from Saudi carmaker Ceer, with revenue spread over 5-6 years. Making parts locally cuts shipping costs by over 30% and reduces reliance on global shipping routes.

    This is the core new growth driver: a new production base and a large secured order that should lift future revenue.

  • Q2 profit jumps 70%, interim dividend paid FPI's second-quarter net profit rose 70% to 108.7 million baht on revenue of 759.7 million baht, helped by OEM sales in Thailand and exports to South America and Africa. It paid an interim dividend of 0.04 baht per share. First-half profit rose 22.9% to 173.2 million baht.

    Strong earnings and a cash payout show the business is performing well, supporting the share price.

  • H2 outlook stronger, Saudi hub to serve MENA and Europe FPI expects second-half 2026 results to beat the first half, helped by more mould investment and overseas expansion. Its Saudi plant will become a production and distribution hub for the Middle East and North Africa, and a stepping stone into Europe. It is adding European carmakers like Alfa Romeo, Fiat and Peugeot to its customer base.

    Management guidance points to accelerating growth and a wider customer base, which supports future earnings.

  • FPI joins launch of Ceer's first Saudi EVs FPI took part in the launch of EXOBOT, the first two electric vehicle models from Saudi carmaker Ceer, where FPI is a strategic partner making several plastic component lines. Ceer plans seven models in five years, giving FPI a growing stream of parts orders as those cars roll out.

    This confirms FPI's role in Ceer's EV programme, a new demand source that can grow over time.

August 2026
▲4

FPI's Saudi hub and strong profit drive growth

  • Saudi factory nears completion, $30M Ceer deal secured FPI is building a factory in Saudi Arabia, set to open around November-December 2026. It already has a $30 million (about 1 billion baht) parts order from Saudi carmaker Ceer, with revenue spread over 5-6 years. Making parts locally cuts shipping costs by over 30% and reduces reliance on global shipping routes.

    This is the core new growth driver: a new production base and a large secured order that should lift future revenue.

  • Q2 profit jumps 70%, interim dividend paid FPI's second-quarter net profit rose 70% to 108.7 million baht on revenue of 759.7 million baht, helped by OEM sales in Thailand and exports to South America and Africa. It paid an interim dividend of 0.04 baht per share. First-half profit rose 22.9% to 173.2 million baht.

    Strong earnings and a cash payout show the business is performing well, supporting the share price.

  • H2 outlook stronger, Saudi hub to serve MENA and Europe FPI expects second-half 2026 results to beat the first half, helped by more mould investment and overseas expansion. Its Saudi plant will become a production and distribution hub for the Middle East and North Africa, and a stepping stone into Europe. It is adding European carmakers like Alfa Romeo, Fiat and Peugeot to its customer base.

    Management guidance points to accelerating growth and a wider customer base, which supports future earnings.

  • FPI joins launch of Ceer's first Saudi EVs FPI took part in the launch of EXOBOT, the first two electric vehicle models from Saudi carmaker Ceer, where FPI is a strategic partner making several plastic component lines. Ceer plans seven models in five years, giving FPI a growing stream of parts orders as those cars roll out.

    This confirms FPI's role in Ceer's EV programme, a new demand source that can grow over time.

Latest
▲4

FPI's Saudi hub and strong profit drive growth

  • Saudi factory nears completion, $30M Ceer deal secured FPI is building a factory in Saudi Arabia, set to open around November-December 2026. It already has a $30 million (about 1 billion baht) parts order from Saudi carmaker Ceer, with revenue spread over 5-6 years. Making parts locally cuts shipping costs by over 30% and reduces reliance on global shipping routes.

    This is the core new growth driver: a new production base and a large secured order that should lift future revenue.

  • Q2 profit jumps 70%, interim dividend paid FPI's second-quarter net profit rose 70% to 108.7 million baht on revenue of 759.7 million baht, helped by OEM sales in Thailand and exports to South America and Africa. It paid an interim dividend of 0.04 baht per share. First-half profit rose 22.9% to 173.2 million baht.

    Strong earnings and a cash payout show the business is performing well, supporting the share price.

  • H2 outlook stronger, Saudi hub to serve MENA and Europe FPI expects second-half 2026 results to beat the first half, helped by more mould investment and overseas expansion. Its Saudi plant will become a production and distribution hub for the Middle East and North Africa, and a stepping stone into Europe. It is adding European carmakers like Alfa Romeo, Fiat and Peugeot to its customer base.

    Management guidance points to accelerating growth and a wider customer base, which supports future earnings.

  • FPI joins launch of Ceer's first Saudi EVs FPI took part in the launch of EXOBOT, the first two electric vehicle models from Saudi carmaker Ceer, where FPI is a strategic partner making several plastic component lines. Ceer plans seven models in five years, giving FPI a growing stream of parts orders as those cars roll out.

    This confirms FPI's role in Ceer's EV programme, a new demand source that can grow over time.

Thai Stanley Electric Public Company Limited (STANLY.BK)

Q3 2026
▲2▼2

STANLY hit by floods and weak Q1, but EV tax policy and stimulus offer recovery

  • Floods halt Honda and Toyota production, STANLY most exposed Flooding in Chonburi and Rayong forced Honda and Toyota to pause plants, disrupting just-in-time parts supply. STANLY is seen as hardest hit because Honda alone is 33% of its revenue. Lost output may be recovered later, but overtime and freight costs could squeeze margins.

    This is the most recent and direct negative shock to STANLY's near-term sales and earnings.

  • Weak Q1 profit as Honda cuts orders amid Chinese EV competition STANLY's fiscal Q1 net profit fell 2% year-on-year and 19% quarter-on-quarter, missing market expectations. Sales dropped 9% as key customer Honda cut production due to intense competition from Chinese electric vehicles. The company kept a strong gross margin, but recovery depends on a broader auto rebound.

    This shows the underlying earnings pressure that explains why the stock is not rising despite some positive policy news.

  • EV excise tax plan favors local parts, benefiting STANLY The government approved in principle a restructured EV excise tax that gives lower rates to carmakers using more Thai-made parts. This should push EV makers to buy from local suppliers like STANLY. However, exact rates and timing are still unclear, so the near-term earnings boost is limited.

    This is a new policy catalyst that could support demand for STANLY's parts over the medium term.

  • STANLY holds sales, cuts costs, and expects second-half recovery Despite a 10% drop in the auto market, STANLY kept sales flat by adding new products and non-automotive business. It has nearly 10 billion baht in cash, no debt, and is investing in automation to cut costs. Management expects a second-half recovery from government stimulus and new model launches.

    This shows the company's resilience and self-help measures that could support future earnings and the stock.

August 2026
▲2▼2

STANLY hit by floods and weak Q1, but EV tax policy and stimulus offer recovery

  • Floods halt Honda and Toyota production, STANLY most exposed Flooding in Chonburi and Rayong forced Honda and Toyota to pause plants, disrupting just-in-time parts supply. STANLY is seen as hardest hit because Honda alone is 33% of its revenue. Lost output may be recovered later, but overtime and freight costs could squeeze margins.

    This is the most recent and direct negative shock to STANLY's near-term sales and earnings.

  • Weak Q1 profit as Honda cuts orders amid Chinese EV competition STANLY's fiscal Q1 net profit fell 2% year-on-year and 19% quarter-on-quarter, missing market expectations. Sales dropped 9% as key customer Honda cut production due to intense competition from Chinese electric vehicles. The company kept a strong gross margin, but recovery depends on a broader auto rebound.

    This shows the underlying earnings pressure that explains why the stock is not rising despite some positive policy news.

  • EV excise tax plan favors local parts, benefiting STANLY The government approved in principle a restructured EV excise tax that gives lower rates to carmakers using more Thai-made parts. This should push EV makers to buy from local suppliers like STANLY. However, exact rates and timing are still unclear, so the near-term earnings boost is limited.

    This is a new policy catalyst that could support demand for STANLY's parts over the medium term.

  • STANLY holds sales, cuts costs, and expects second-half recovery Despite a 10% drop in the auto market, STANLY kept sales flat by adding new products and non-automotive business. It has nearly 10 billion baht in cash, no debt, and is investing in automation to cut costs. Management expects a second-half recovery from government stimulus and new model launches.

    This shows the company's resilience and self-help measures that could support future earnings and the stock.

Latest
▲2▼2

STANLY hit by floods and weak Q1, but EV tax policy and stimulus offer recovery

  • Floods halt Honda and Toyota production, STANLY most exposed Flooding in Chonburi and Rayong forced Honda and Toyota to pause plants, disrupting just-in-time parts supply. STANLY is seen as hardest hit because Honda alone is 33% of its revenue. Lost output may be recovered later, but overtime and freight costs could squeeze margins.

    This is the most recent and direct negative shock to STANLY's near-term sales and earnings.

  • Weak Q1 profit as Honda cuts orders amid Chinese EV competition STANLY's fiscal Q1 net profit fell 2% year-on-year and 19% quarter-on-quarter, missing market expectations. Sales dropped 9% as key customer Honda cut production due to intense competition from Chinese electric vehicles. The company kept a strong gross margin, but recovery depends on a broader auto rebound.

    This shows the underlying earnings pressure that explains why the stock is not rising despite some positive policy news.

  • EV excise tax plan favors local parts, benefiting STANLY The government approved in principle a restructured EV excise tax that gives lower rates to carmakers using more Thai-made parts. This should push EV makers to buy from local suppliers like STANLY. However, exact rates and timing are still unclear, so the near-term earnings boost is limited.

    This is a new policy catalyst that could support demand for STANLY's parts over the medium term.

  • STANLY holds sales, cuts costs, and expects second-half recovery Despite a 10% drop in the auto market, STANLY kept sales flat by adding new products and non-automotive business. It has nearly 10 billion baht in cash, no debt, and is investing in automation to cut costs. Management expects a second-half recovery from government stimulus and new model launches.

    This shows the company's resilience and self-help measures that could support future earnings and the stock.