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Kaset Thai International Sugar vs Srinanaporn Marketing: why the prices moved differently

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

Kaset Thai International Sugar Corporation Public Company Limited (KTIS.BK)

Q3 2026
▲4

KTIS adds high-value alcohol, packaging deals as sugar prices climb

  • New high-purity alcohol venture opens food and pharma markets KTIS's bioethanol unit signed a contract with the Excise Department's Liquor Organization to make 99.95-degree pure alcohol. This moves KTIS beyond fuel ethanol into higher-value food and pharmaceutical ingredients, a new revenue stream that supports the shares.

    A concrete new business deal that diversifies KTIS into higher-margin products.

  • Bagasse packaging MOU targets global eco-packaging export market KTIS signed an MOU with Singapore's Alterpacks and SJS to commercialize PFAS-free bagasse packaging in Thailand. Its EPAC unit already makes 50 tons a day. This adds value to sugar waste and opens export markets, a fresh growth driver.

    A new partnership that expands KTIS into eco-friendly packaging for export.

  • El Nino drought keeps world sugar prices high, lifting KTIS outlook World sugar prices recovered to about 18.7 cents a pound from 13 cents in April, as El Nino drought cuts output in Brazil and elsewhere while demand grows. A weaker baht also boosts export revenue. Analysts name KTIS a beneficiary, though most of this year's sugar is already sold forward.

    The main force behind sugar producers' earnings and the reason brokers are positive on KTIS.

  • Planned biofuel tax cuts would raise ethanol demand Thailand is considering cutting excise taxes on gasohol and biodiesel to lower fuel prices and lift biofuel use. DBS Vickers names KTIS among sugar producers linked to ethanol that would benefit from higher demand. The plan is still under consideration, so the gain is not yet certain.

    A potential regulatory boost to KTIS's ethanol business, though only proposed so far.

August 2026
▲4

KTIS adds high-value alcohol, packaging deals as sugar prices climb

  • New high-purity alcohol venture opens food and pharma markets KTIS's bioethanol unit signed a contract with the Excise Department's Liquor Organization to make 99.95-degree pure alcohol. This moves KTIS beyond fuel ethanol into higher-value food and pharmaceutical ingredients, a new revenue stream that supports the shares.

    A concrete new business deal that diversifies KTIS into higher-margin products.

  • Bagasse packaging MOU targets global eco-packaging export market KTIS signed an MOU with Singapore's Alterpacks and SJS to commercialize PFAS-free bagasse packaging in Thailand. Its EPAC unit already makes 50 tons a day. This adds value to sugar waste and opens export markets, a fresh growth driver.

    A new partnership that expands KTIS into eco-friendly packaging for export.

  • El Nino drought keeps world sugar prices high, lifting KTIS outlook World sugar prices recovered to about 18.7 cents a pound from 13 cents in April, as El Nino drought cuts output in Brazil and elsewhere while demand grows. A weaker baht also boosts export revenue. Analysts name KTIS a beneficiary, though most of this year's sugar is already sold forward.

    The main force behind sugar producers' earnings and the reason brokers are positive on KTIS.

  • Planned biofuel tax cuts would raise ethanol demand Thailand is considering cutting excise taxes on gasohol and biodiesel to lower fuel prices and lift biofuel use. DBS Vickers names KTIS among sugar producers linked to ethanol that would benefit from higher demand. The plan is still under consideration, so the gain is not yet certain.

    A potential regulatory boost to KTIS's ethanol business, though only proposed so far.

Latest
▲4

KTIS adds high-value alcohol, packaging deals as sugar prices climb

  • New high-purity alcohol venture opens food and pharma markets KTIS's bioethanol unit signed a contract with the Excise Department's Liquor Organization to make 99.95-degree pure alcohol. This moves KTIS beyond fuel ethanol into higher-value food and pharmaceutical ingredients, a new revenue stream that supports the shares.

    A concrete new business deal that diversifies KTIS into higher-margin products.

  • Bagasse packaging MOU targets global eco-packaging export market KTIS signed an MOU with Singapore's Alterpacks and SJS to commercialize PFAS-free bagasse packaging in Thailand. Its EPAC unit already makes 50 tons a day. This adds value to sugar waste and opens export markets, a fresh growth driver.

    A new partnership that expands KTIS into eco-friendly packaging for export.

  • El Nino drought keeps world sugar prices high, lifting KTIS outlook World sugar prices recovered to about 18.7 cents a pound from 13 cents in April, as El Nino drought cuts output in Brazil and elsewhere while demand grows. A weaker baht also boosts export revenue. Analysts name KTIS a beneficiary, though most of this year's sugar is already sold forward.

    The main force behind sugar producers' earnings and the reason brokers are positive on KTIS.

  • Planned biofuel tax cuts would raise ethanol demand Thailand is considering cutting excise taxes on gasohol and biodiesel to lower fuel prices and lift biofuel use. DBS Vickers names KTIS among sugar producers linked to ethanol that would benefit from higher demand. The plan is still under consideration, so the gain is not yet certain.

    A potential regulatory boost to KTIS's ethanol business, though only proposed so far.

Srinanaporn Marketing Public Company Limited (SNNP.BK)

Q3 2026
▲3▼1

SNNP's profit has bottomed out; recovery, stimulus and new products drive gains

  • Profit trough passed, brokers raise targets Brokers say SNNP's profit bottomed in early 2026 and is now recovering. Q2 profit of 69.8 million baht rose 23% from the prior quarter, helped by Vietnam sales and steady 26% gross margin. Several houses upgraded to buy with targets of 8-9 baht, lifting the shares.

    This is the core reason the stock is moving: earnings have stopped falling and analysts have turned positive.

  • New products and brand tie-ups broaden sales SNNP launched Jele Chewy fruit-tea jelly with Kamu Kamu, a sports jelly with Alpine, and a new Bento ad campaign. These push into younger and health-focused buyers, and the Jele tie-up got a better-than-expected response, prompting restocking and supporting sales into the high season.

    New products and partnerships are a main growth engine behind the expected revenue recovery.

  • Government stimulus and Vietnam growth lift demand Thailand's Thai Help Thai Plus Phase 2 gives 1,000 baht of co-payment spending in October-November, and SNNP earns about 70-79% of revenue at home, so it benefits. Vietnam's economy grew 9.95% in Q3, and SNNP's Vietnam revenue is expected to rise 17% this year.

    These are the demand-side forces expected to drive the second-half recovery.

  • Factory fire adds supply risk A fire hit SNNP's Bento snack building on 9 October. No one was hurt and insurance should cover the damage, but output is disrupted. The company has about one month of inventory and can use its Vietnam plant, so the revenue hit is seen as limited.

    This is the main counterweight to the positive recovery story and a real risk to near-term supply.

August 2026
▲3▼1

SNNP's profit has bottomed out; recovery, stimulus and new products drive gains

  • Profit trough passed, brokers raise targets Brokers say SNNP's profit bottomed in early 2026 and is now recovering. Q2 profit of 69.8 million baht rose 23% from the prior quarter, helped by Vietnam sales and steady 26% gross margin. Several houses upgraded to buy with targets of 8-9 baht, lifting the shares.

    This is the core reason the stock is moving: earnings have stopped falling and analysts have turned positive.

  • New products and brand tie-ups broaden sales SNNP launched Jele Chewy fruit-tea jelly with Kamu Kamu, a sports jelly with Alpine, and a new Bento ad campaign. These push into younger and health-focused buyers, and the Jele tie-up got a better-than-expected response, prompting restocking and supporting sales into the high season.

    New products and partnerships are a main growth engine behind the expected revenue recovery.

  • Government stimulus and Vietnam growth lift demand Thailand's Thai Help Thai Plus Phase 2 gives 1,000 baht of co-payment spending in October-November, and SNNP earns about 70-79% of revenue at home, so it benefits. Vietnam's economy grew 9.95% in Q3, and SNNP's Vietnam revenue is expected to rise 17% this year.

    These are the demand-side forces expected to drive the second-half recovery.

  • Factory fire adds supply risk A fire hit SNNP's Bento snack building on 9 October. No one was hurt and insurance should cover the damage, but output is disrupted. The company has about one month of inventory and can use its Vietnam plant, so the revenue hit is seen as limited.

    This is the main counterweight to the positive recovery story and a real risk to near-term supply.

Latest
▲3▼1

SNNP's profit has bottomed out; recovery, stimulus and new products drive gains

  • Profit trough passed, brokers raise targets Brokers say SNNP's profit bottomed in early 2026 and is now recovering. Q2 profit of 69.8 million baht rose 23% from the prior quarter, helped by Vietnam sales and steady 26% gross margin. Several houses upgraded to buy with targets of 8-9 baht, lifting the shares.

    This is the core reason the stock is moving: earnings have stopped falling and analysts have turned positive.

  • New products and brand tie-ups broaden sales SNNP launched Jele Chewy fruit-tea jelly with Kamu Kamu, a sports jelly with Alpine, and a new Bento ad campaign. These push into younger and health-focused buyers, and the Jele tie-up got a better-than-expected response, prompting restocking and supporting sales into the high season.

    New products and partnerships are a main growth engine behind the expected revenue recovery.

  • Government stimulus and Vietnam growth lift demand Thailand's Thai Help Thai Plus Phase 2 gives 1,000 baht of co-payment spending in October-November, and SNNP earns about 70-79% of revenue at home, so it benefits. Vietnam's economy grew 9.95% in Q3, and SNNP's Vietnam revenue is expected to rise 17% this year.

    These are the demand-side forces expected to drive the second-half recovery.

  • Factory fire adds supply risk A fire hit SNNP's Bento snack building on 9 October. No one was hurt and insurance should cover the damage, but output is disrupted. The company has about one month of inventory and can use its Vietnam plant, so the revenue hit is seen as limited.

    This is the main counterweight to the positive recovery story and a real risk to near-term supply.