← SCGJWD LOGISTICS PCL NON-VOTING DR overview

SCGJWD LOGISTICS PCL NON-VOTING DR vs Deutsche Post: why the prices moved differently

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

SCGJWD LOGISTICS PCL NON-VOTING DR (SJWD.BK)

Q3 202630 Jul – 9 Oct 2026

▲3▼1

Record Q2 profit, cheap funding, and new logistics bets lift SJWD

Record Q2 profit on AI/data-centre warehouse demand SJWD reported record Q2 net profit of 463 million baht, up 64% year-on-year, as demand for warehouses serving AI and data centres surged. First-half profit rose 14.2%, showing the core business is growing strongly.
This is the main new earnings event that drove positive sentiment in the period.
Cheap funding raised via debentures and digital bonds The company raised money cheaply through debentures and digital bonds with coupons of 2.85%–3.20%. The first digital bond sold out in just 46 seconds, showing strong investor appetite and lowering funding costs for expansion.
New financing success supports growth and was a positive catalyst for the stock.
Freight rates jump and new revenue streams open Rising freight rates (up 46%–92%) and potential Khlong Toei port concessions add upside. Expansion into food logistics, Myanmar, and wine storage opens new revenue streams, and brokers raised targets to 12.50 baht, with Tisco naming it a top pick.
These new growth avenues and analyst upgrades drove positive expectations for future earnings.
Alpha REIT asset sale delayed to mid-2027 The Alpha REIT asset sale is delayed to mid-2027, postponing 100–150 million baht in profit share. This is a mild negative, though core operations remain strong.
This is the main counterweight that slightly tempered the positive drivers.

September 202630 Jul – 9 Oct 2026

▲3▼1

Record Q2 profit, cheap funding, and new logistics bets lift SJWD

Record Q2 profit on AI/data-centre warehouse demand SJWD reported record Q2 net profit of 463 million baht, up 64% year-on-year, as demand for warehouses serving AI and data centres surged. First-half profit rose 14.2%, showing the core business is growing strongly.
This is the main new earnings event that drove positive sentiment in the period.
Cheap funding raised via debentures and digital bonds The company raised money cheaply through debentures and digital bonds with coupons of 2.85%–3.20%. The first digital bond sold out in just 46 seconds, showing strong investor appetite and lowering funding costs for expansion.
New financing success supports growth and was a positive catalyst for the stock.
Freight rates jump and new revenue streams open Rising freight rates (up 46%–92%) and potential Khlong Toei port concessions add upside. Expansion into food logistics, Myanmar, and wine storage opens new revenue streams, and brokers raised targets to 12.50 baht, with Tisco naming it a top pick.
These new growth avenues and analyst upgrades drove positive expectations for future earnings.
Alpha REIT asset sale delayed to mid-2027 The Alpha REIT asset sale is delayed to mid-2027, postponing 100–150 million baht in profit share. This is a mild negative, though core operations remain strong.
This is the main counterweight that slightly tempered the positive drivers.

Latest30 Jul – 9 Oct 2026

▲4

SJWD hits record Q2 profit, expands logistics, raises cheap cash

Record Q2 profit and strong H1 results SJWD reported a record Q2 net profit of 463.5 million baht, up 64% from a year earlier, with H1 profit up 14.2%. Growth came from all core businesses and an 85.6% jump in profit from associates. This confirms the company's earnings power and supports the stock price.
This is the core earnings event that validates the company's growth and directly boosts investor confidence.
Cheap funding via new bonds and digital bonds SJWD is issuing new bonds and digital bonds at coupons of 2.85%–3.20% to repay existing debt. The low cost and strong demand (first digital bond sold out in 46 seconds) reduce financial expenses and fund growth without straining the balance sheet, a positive for the stock.
Lower funding costs directly improve profitability and financial flexibility, supporting the share price.
Expansion into food logistics, Myanmar, and wine storage SJWD partnered with the Thai Food Processors Association to build a food logistics platform, set up a Myanmar subsidiary for logistics consulting, and opened Phase 2 of its wine storage (total 70,000 bottles). These moves expand service offerings and open new revenue streams, supporting long-term growth.
New business initiatives diversify revenue and demonstrate management's growth strategy, which can lift the stock.
Broker upgrades and Tisco top pick on AI/data center demand Brokers raised target prices to as high as 12.50 baht, citing high warehouse occupancy and AI/data center demand. Tisco Securities named SJWD a top pick for October, expecting Thai stocks to recover. These endorsements attract buyers and support the share price.
Analyst recommendations and target price increases directly influence investor sentiment and demand for the stock.

13 Aug – 30 Sep 2026

▲3

SJWD hits record profit, raises cheap cash, and rides freight and port upside

Record Q2 profit and AI/data-centre warehouse demand SJWD reported a record quarterly net profit of 463 million baht, up 64% from a year earlier, with revenue up 9.7%. Its general warehouses are benefiting from Thailand's AI and data-centre supply chain, storing about 25,000 pallets of such goods, expected to rise another 30% within a year. This strong demand supports higher earnings and the share price.
This is the core new fundamental driver: record earnings and a fast-growing demand source that directly lifts profit expectations.
Cheap funding via digital bonds and debentures SJWD raised up to 1.5 billion baht through debentures and digital bonds at coupons of 2.85%–2.95%. Its first digital bond issue on the Paotang app sold out 500 million baht in just 46 seconds, showing strong investor confidence. Cheap, quickly raised cash funds growth without straining the balance sheet, a positive for the stock.
This shows the company can fund expansion cheaply and that investors are eager to lend to it, reducing financial risk and supporting growth.
Rising freight rates and port concession opportunity Krungsri kept a Buy rating with a 12 baht target, noting global freight rates have jumped about 46%–92% this year, which helps SJWD's transport and freight business. It also sees long-term upside if SJWD wins market share from the planned Khlong Toei port relocation and new port concessions. Higher rates and new port business mean more profit.
This identifies two new profit drivers—higher freight pricing and potential port expansion—that analysts say could lift future earnings.
Strong Q3 expected, but Alpha REIT asset sale delayed Asia Plus maintained Buy with a 12.50 baht target and expects strong third-quarter profit of 320–360 million baht, up over 25% year-on-year. However, the Alpha group asset sale into a REIT is now expected by mid-2027, later than the market hoped, delaying 100–150 million baht of SJWD's profit share. The delay is a mild negative, but core operations remain strong.
This gives the fair counterweight: near-term earnings are solid, but a hoped-for one-off gain is pushed out, which could temper some investor enthusiasm.

Deutsche Post AG (DHL.XETRA)

Q3 202618 Jun – 16 Sep 2026

▲3

DHL Raises Outlook, Expands Buyback, Returns to Growth

Raised 2026 EBIT outlook above €6.5bn After strong Q2 results, Deutsche Post DHL lifted its 2026 profit target above €6.5 billion, signaling confidence in its business and future earnings.
This is a key new positive development that directly boosts investor confidence and the stock's outlook.
Expanded buyback to €6.5bn The company increased its share buyback program to €6.5 billion, returning more cash to shareholders and supporting the stock price.
A larger buyback is a new capital return action that can lift the share price by reducing supply and signaling confidence.
DHL Express returns to volume growth DHL Express saw volume growth across all divisions, a turnaround from previous declines, indicating stronger demand for its services.
This operational improvement is a new positive sign that the core business is recovering, which can drive earnings and the stock.
Stock trades near fair value, limiting upside Despite positive news, the stock trades near fair value, suggesting the rally already reflects these positives and offers limited upside from here.
This is a new counterweight that tempers the positive drivers and explains why the stock may not rise much further.

August 202627 Jul – 16 Sep 2026

▲6

DHL expands parcel and air networks as tariff refunds return cash

DHL buys Baltic parcel carrier Venipak DHL eCommerce agreed to acquire Lithuania-based Venipak, one of the largest independent parcel operators in the Baltics, adding about 800 parcel lockers across Lithuania, Latvia and Estonia. This grows DHL's parcel volumes in a fast-growing e-commerce region, supporting revenue and profit over time.
A new acquisition that expands DHL's parcel network and future volume growth.
Vinted tie-up grows DHL locker network DHL and Vinted are expanding their partnership so Vinted sellers can drop parcels at DHL lockers without registering. The network will grow from 18,500 to over 30,000 sites by 2030. More lockers and easier shipping mean more parcels moving through DHL, lifting e-commerce volumes.
A new partnership that directly increases parcel volumes and locker use.
Shenzhen air cargo hub triples capacity DHL Express completed a $204 million expansion of its Shenzhen gateway, tripling daily capacity to 992 tons, and added a new cargo route linking China, Asia, the Middle East and Europe. This supports high-value sectors like AI, semiconductors and healthcare, boosting Express shipment volumes.
A major new investment that expands DHL's air cargo capacity and demand reach.
Tariff refunds flowing back to customers After the Supreme Court struck down IEEPA tariffs, UPS, FedEx and DHL are refunding eligible tariff payments to customers. DHL will return funds once it receives refunds from U.S. Customs. This removes a cost and uncertainty overhang for DHL and its customers, a modest positive.
A new regulatory development that reduces tariff-related costs and uncertainty for DHL.
Cologne parcel center expansion opens DHL opened its expanded Cologne-Eifeltor parcel center, lifting sorting capacity to nearly 50,000 pieces per hour and adding 250 jobs. DHL is investing over 1 billion euros a year to restructure its network as letter volumes fall and e-commerce parcels grow, improving efficiency and capacity.
A new capital investment that strengthens DHL's parcel network and long-term capacity.
DHL launches Nigeria domestic parcel service DHL Express introduced Domestic Select, a lower-cost, less time-sensitive parcel service for Nigeria's growing e-commerce and domestic trade. This expands DHL's own service offering in an emerging market, adding new volume opportunities. The stock trades near fair value, so the rally looks full rather than cheap.
A new service launch that opens a new market for DHL's parcel volumes.

Latest27 Jul – 16 Sep 2026

▲6

DHL expands parcel and air networks as tariff refunds return cash

DHL buys Baltic parcel carrier Venipak DHL eCommerce agreed to acquire Lithuania-based Venipak, one of the largest independent parcel operators in the Baltics, adding about 800 parcel lockers across Lithuania, Latvia and Estonia. This grows DHL's parcel volumes in a fast-growing e-commerce region, supporting revenue and profit over time.
A new acquisition that expands DHL's parcel network and future volume growth.
Vinted tie-up grows DHL locker network DHL and Vinted are expanding their partnership so Vinted sellers can drop parcels at DHL lockers without registering. The network will grow from 18,500 to over 30,000 sites by 2030. More lockers and easier shipping mean more parcels moving through DHL, lifting e-commerce volumes.
A new partnership that directly increases parcel volumes and locker use.
Shenzhen air cargo hub triples capacity DHL Express completed a $204 million expansion of its Shenzhen gateway, tripling daily capacity to 992 tons, and added a new cargo route linking China, Asia, the Middle East and Europe. This supports high-value sectors like AI, semiconductors and healthcare, boosting Express shipment volumes.
A major new investment that expands DHL's air cargo capacity and demand reach.
Tariff refunds flowing back to customers After the Supreme Court struck down IEEPA tariffs, UPS, FedEx and DHL are refunding eligible tariff payments to customers. DHL will return funds once it receives refunds from U.S. Customs. This removes a cost and uncertainty overhang for DHL and its customers, a modest positive.
A new regulatory development that reduces tariff-related costs and uncertainty for DHL.
Cologne parcel center expansion opens DHL opened its expanded Cologne-Eifeltor parcel center, lifting sorting capacity to nearly 50,000 pieces per hour and adding 250 jobs. DHL is investing over 1 billion euros a year to restructure its network as letter volumes fall and e-commerce parcels grow, improving efficiency and capacity.
A new capital investment that strengthens DHL's parcel network and long-term capacity.
DHL launches Nigeria domestic parcel service DHL Express introduced Domestic Select, a lower-cost, less time-sensitive parcel service for Nigeria's growing e-commerce and domestic trade. This expands DHL's own service offering in an emerging market, adding new volume opportunities. The stock trades near fair value, so the rally looks full rather than cheap.
A new service launch that opens a new market for DHL's parcel volumes.

July 202618 Jun – 5 Aug 2026

▲4

DHL Raises 2026 Profit Outlook on Strong Q2 and Buyback Boost

DHL raises 2026 EBIT forecast above €6.5 billion DHL now expects 2026 earnings before interest and taxes to exceed €6.5 billion, up from €6.2 billion, after Q2 revenue rose 13% and EBIT jumped 30%. This directly boosts investor confidence and the stock's value.
This is the core new event that answers why the stock is moving right now.
DHL expands share buyback to €6.5 billion through 2027 The company increased its share repurchase authorization to €6.5 billion, with up to €1.5 billion still available. Buybacks reduce the number of shares, often lifting the stock price and signaling management's confidence.
This is a new capital return action that supports the stock price.
DHL Express returns to volume growth; all divisions expand DHL Express saw weight per day rise 9%, Global Forwarding grew 7% in ocean and air, and Supply Chain posted 10% organic revenue growth. Broad-based volume growth shows the business is firing on all cylinders, supporting higher profits.
This operational strength underpins the raised outlook and is new detail from Q2 results.
DHL forms defence logistics alliance with Leidos for UK MoD DHL and Leidos teamed up to pursue the UK Ministry of Defence's Future Defence Support Services programme. Winning this contract would open a new, stable revenue stream in defence logistics, a growing area.
This is a new strategic move that could add future demand and diversify revenue.

18 Jun – 5 Aug 2026

▲4

DHL Raises 2026 Profit Outlook on Strong Q2 and Buyback Boost

DHL raises 2026 EBIT forecast above €6.5 billion DHL now expects 2026 earnings before interest and taxes to exceed €6.5 billion, up from €6.2 billion, after Q2 revenue rose 13% and EBIT jumped 30%. This directly boosts investor confidence and the stock's value.
This is the core new event that answers why the stock is moving right now.
DHL expands share buyback to €6.5 billion through 2027 The company increased its share repurchase authorization to €6.5 billion, with up to €1.5 billion still available. Buybacks reduce the number of shares, often lifting the stock price and signaling management's confidence.
This is a new capital return action that supports the stock price.
DHL Express returns to volume growth; all divisions expand DHL Express saw weight per day rise 9%, Global Forwarding grew 7% in ocean and air, and Supply Chain posted 10% organic revenue growth. Broad-based volume growth shows the business is firing on all cylinders, supporting higher profits.
This operational strength underpins the raised outlook and is new detail from Q2 results.
DHL forms defence logistics alliance with Leidos for UK MoD DHL and Leidos teamed up to pursue the UK Ministry of Defence's Future Defence Support Services programme. Winning this contract would open a new, stable revenue stream in defence logistics, a growing area.
This is a new strategic move that could add future demand and diversify revenue.