MPJ Expands Yards and New Services as Profit and Volume Surge
Record Q2 profit and raised full-year outlook MPJ reported record Q2 2026 net profit of 51.1 million baht, up 69.2% from a year earlier, with revenue up 20.4%. First-half profit rose 25.1%. Management expects second-half growth to continue, supported by expanding yards and new services, and keeps its 2026 revenue target of 1.264 billion baht, up 18%.
Record earnings and a confident outlook are the core fundamental driver of the stock.
New heavy container storage service to lift H2 revenue MPJ launched a heavy container storage service, using existing yard space and new specialised equipment. It targets new customer groups and expects the service to drive second-half results and help meet the 2026 revenue target of 1.264 billion baht, up 18%.
A new service line adds revenue without major new land, directly supporting growth targets.
Q3 container throughput expected to jump 30% MPJ expects container throughput in Q3 2026 to rise about 30% from a year earlier, driven by demand at its Laem Chabang 1, Laem Chabang 2 and OM Lat Krabang yards. It meets shipping lines weekly to plan capacity and maintains its 18% revenue growth target for 2026.
Strong volume growth signals accelerating business activity and supports future earnings.
1.14 billion baht capex to expand yards MPJ set a capital expenditure budget of over 1.14 billion baht for the next two to three years, including adding 28 rai to its Laem Chabang container yard, expected to open in Q2 2027. This expansion aims to capture rising container volumes from shipping lines.
The investment plan shows management's confidence in future demand and capacity growth.