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Forth Smart Service vs Samart Telcoms: why the prices moved differently

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

Forth Smart Service Public Company Limited (FSMART.BK)

Q3 2026
▲3

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.

August 2026
▲3

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.

Latest
▲3

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.

Samart Telcoms Public Company Limited (SAMTEL.BK)

Q3 2026
▲2▼1

SAMTEL wins new contracts, but bidding pace lags

  • New contract wins boost backlog SAMTEL's subsidiaries won three contracts worth a combined 1.2 billion baht: a 695-million-baht ERP system for the Government Lottery Office, a 363-million-baht backhaul network expansion for National Telecom, and a 146-million-baht cyber operations center for the Industrial Estate Authority. These wins add to SAMTEL's backlog and support future revenue.

    These are concrete new contract wins that directly increase SAMTEL's backlog and future revenue, a key driver of the stock.

  • Strong bidding pipeline for second half SAMTEL is pursuing new bids worth nearly 7 billion baht in the second half of 2026, aiming to lift its backlog from 16 billion baht to 20 billion baht by year-end. Large projects up for bidding include the Government Lottery Office, PEA meters, Airports of Thailand, and the Ministry of Interior.

    This shows the company's growth prospects and potential for future revenue, which can drive the stock price up.

  • Slower-than-expected bidding delays recovery SAMTEL's profit recovery is slower than planned because bidding progress has been slower than expected. This limits the company's performance recovery in 2026, even though its backlog remains high at 8 billion baht.

    This is a real counterweight: slower bidding delays profit recovery, which could hold back the stock price.

September 2026
▲2▼1

SAMTEL wins new contracts, but bidding pace lags

  • New contract wins boost backlog SAMTEL's subsidiaries won three contracts worth a combined 1.2 billion baht: a 695-million-baht ERP system for the Government Lottery Office, a 363-million-baht backhaul network expansion for National Telecom, and a 146-million-baht cyber operations center for the Industrial Estate Authority. These wins add to SAMTEL's backlog and support future revenue.

    These are concrete new contract wins that directly increase SAMTEL's backlog and future revenue, a key driver of the stock.

  • Strong bidding pipeline for second half SAMTEL is pursuing new bids worth nearly 7 billion baht in the second half of 2026, aiming to lift its backlog from 16 billion baht to 20 billion baht by year-end. Large projects up for bidding include the Government Lottery Office, PEA meters, Airports of Thailand, and the Ministry of Interior.

    This shows the company's growth prospects and potential for future revenue, which can drive the stock price up.

  • Slower-than-expected bidding delays recovery SAMTEL's profit recovery is slower than planned because bidding progress has been slower than expected. This limits the company's performance recovery in 2026, even though its backlog remains high at 8 billion baht.

    This is a real counterweight: slower bidding delays profit recovery, which could hold back the stock price.

Latest
▲2▼1

SAMTEL wins new contracts, but bidding pace lags

  • New contract wins boost backlog SAMTEL's subsidiaries won three contracts worth a combined 1.2 billion baht: a 695-million-baht ERP system for the Government Lottery Office, a 363-million-baht backhaul network expansion for National Telecom, and a 146-million-baht cyber operations center for the Industrial Estate Authority. These wins add to SAMTEL's backlog and support future revenue.

    These are concrete new contract wins that directly increase SAMTEL's backlog and future revenue, a key driver of the stock.

  • Strong bidding pipeline for second half SAMTEL is pursuing new bids worth nearly 7 billion baht in the second half of 2026, aiming to lift its backlog from 16 billion baht to 20 billion baht by year-end. Large projects up for bidding include the Government Lottery Office, PEA meters, Airports of Thailand, and the Ministry of Interior.

    This shows the company's growth prospects and potential for future revenue, which can drive the stock price up.

  • Slower-than-expected bidding delays recovery SAMTEL's profit recovery is slower than planned because bidding progress has been slower than expected. This limits the company's performance recovery in 2026, even though its backlog remains high at 8 billion baht.

    This is a real counterweight: slower bidding delays profit recovery, which could hold back the stock price.