FSMART expands services and targets growth, but profit dips
Expanding EV charging and kiosk services FSMART plans to grow its Gingka EV charging points from 600 to 1,000 by end-2026 and upgrade over 100,000 Boonterm kiosks into financial hubs. This expansion should increase customer demand and future revenue, supporting the stock price.
Shows a clear growth plan that can drive future earnings.
New revenue streams and 20% growth target FSMART targets 20% revenue growth over three years, adding services like National Savings Fund lottery tickets, remittance for Myanmar workers, and a second-hand real estate platform. These new businesses could boost future income and diversify revenue.
Highlights new business initiatives that can drive long-term growth.
Profit decline but dividend and growth plans First-half profit fell 12% to 268.9 million baht, yet FSMART declared a dividend of 0.18 baht per share and targets 8-10% full-year revenue growth. The profit drop may weigh on sentiment, but the dividend and growth plans offer support.
Balances the negative profit news with positive capital return and growth outlook.
Government stimulus boosts grassroots spending The Cabinet extended the Thai Chai Thai Plus program by two months, which should increase purchasing power for FSMART's core grassroots customers using Boonterm kiosks. This supports transaction volumes and revenue in the fourth quarter.
Directly benefits FSMART's main business through higher customer spending.