← Smothong overview

Smothong vs Mondelez International: why the prices moved differently

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

Smothong Group Public Company Limited (SMO.BK)

Q3 2026
▲4

SMO expands capacity and eyes Q4 profit as palm oil prices stay high

  • New palm kernel crushing plant to add 1.5bn baht revenue SMO is building a palm kernel crushing plant (300 tonnes/day) at its Phanom branch, set to start in Q2 2027 and add 1.5 billion baht in yearly revenue. It makes high-margin CPKO for export to oleochemical makers, supporting future profit growth.

    This is a major new investment that directly adds future revenue and earnings power, a key reason the stock is moving.

  • Q2 revenue up 2.48% on higher palm oil prices and capacity jump Q2/2026 revenue rose 2.48% year-on-year to 3.52 billion baht, with net profit of 29.56 million baht. Average palm oil selling price jumped to 38.48 baht/kg from 33.75 baht, and total capacity rose 35.29% to 345 tonnes/hour after the Phanom plant started commercial runs.

    This shows the company's current financial health and the positive impact of higher prices and expansion, which drives investor confidence.

  • Q3 recovery expected, 130m baht new plant, bio-power expansion eyed SMO expects Q3/2026 to recover from Q2, helped by higher crude palm oil exports as exchange rates stabilize. It is investing 130 million baht in a new palm kernel oil plant (300 tonnes/day) and may compete for new power purchase agreements in 2027 to nearly double biomass and biogas capacity.

    This signals improving near-term performance and new growth avenues, which can lift the stock price.

  • Q4 profit turnaround targeted after H1 loss, but raw material shortage cuts output SMO aims to return to net profit in Q4/2026 after a 29.48 million baht H1 loss, driven by higher raw material volumes and high selling prices. However, El Nino delayed palm output, forcing production to about 70% of capacity. Also, the expiry of biodiesel price subsidies on Sept 24 creates uncertainty for pricing.

    This is the key counterweight: it explains the risk from raw material shortages and subsidy expiry, which could pressure the stock if not resolved.

  • DBS Vickers names SMO as beneficiary of biofuel tax cuts DBS Vickers Securities Thailand named SMO in a group of integrated palm oil producers set to benefit from the government's plan to cut excise taxes on biofuels. Lower taxes should boost biodiesel demand, helping SMO's sales and margins.

    This is a new regulatory catalyst that could increase demand for SMO's products, directly supporting the stock price.

September 2026
▲4

SMO expands capacity and eyes Q4 profit as palm oil prices stay high

  • New palm kernel crushing plant to add 1.5bn baht revenue SMO is building a palm kernel crushing plant (300 tonnes/day) at its Phanom branch, set to start in Q2 2027 and add 1.5 billion baht in yearly revenue. It makes high-margin CPKO for export to oleochemical makers, supporting future profit growth.

    This is a major new investment that directly adds future revenue and earnings power, a key reason the stock is moving.

  • Q2 revenue up 2.48% on higher palm oil prices and capacity jump Q2/2026 revenue rose 2.48% year-on-year to 3.52 billion baht, with net profit of 29.56 million baht. Average palm oil selling price jumped to 38.48 baht/kg from 33.75 baht, and total capacity rose 35.29% to 345 tonnes/hour after the Phanom plant started commercial runs.

    This shows the company's current financial health and the positive impact of higher prices and expansion, which drives investor confidence.

  • Q3 recovery expected, 130m baht new plant, bio-power expansion eyed SMO expects Q3/2026 to recover from Q2, helped by higher crude palm oil exports as exchange rates stabilize. It is investing 130 million baht in a new palm kernel oil plant (300 tonnes/day) and may compete for new power purchase agreements in 2027 to nearly double biomass and biogas capacity.

    This signals improving near-term performance and new growth avenues, which can lift the stock price.

  • Q4 profit turnaround targeted after H1 loss, but raw material shortage cuts output SMO aims to return to net profit in Q4/2026 after a 29.48 million baht H1 loss, driven by higher raw material volumes and high selling prices. However, El Nino delayed palm output, forcing production to about 70% of capacity. Also, the expiry of biodiesel price subsidies on Sept 24 creates uncertainty for pricing.

    This is the key counterweight: it explains the risk from raw material shortages and subsidy expiry, which could pressure the stock if not resolved.

  • DBS Vickers names SMO as beneficiary of biofuel tax cuts DBS Vickers Securities Thailand named SMO in a group of integrated palm oil producers set to benefit from the government's plan to cut excise taxes on biofuels. Lower taxes should boost biodiesel demand, helping SMO's sales and margins.

    This is a new regulatory catalyst that could increase demand for SMO's products, directly supporting the stock price.

Latest
▲4

SMO expands capacity and eyes Q4 profit as palm oil prices stay high

  • New palm kernel crushing plant to add 1.5bn baht revenue SMO is building a palm kernel crushing plant (300 tonnes/day) at its Phanom branch, set to start in Q2 2027 and add 1.5 billion baht in yearly revenue. It makes high-margin CPKO for export to oleochemical makers, supporting future profit growth.

    This is a major new investment that directly adds future revenue and earnings power, a key reason the stock is moving.

  • Q2 revenue up 2.48% on higher palm oil prices and capacity jump Q2/2026 revenue rose 2.48% year-on-year to 3.52 billion baht, with net profit of 29.56 million baht. Average palm oil selling price jumped to 38.48 baht/kg from 33.75 baht, and total capacity rose 35.29% to 345 tonnes/hour after the Phanom plant started commercial runs.

    This shows the company's current financial health and the positive impact of higher prices and expansion, which drives investor confidence.

  • Q3 recovery expected, 130m baht new plant, bio-power expansion eyed SMO expects Q3/2026 to recover from Q2, helped by higher crude palm oil exports as exchange rates stabilize. It is investing 130 million baht in a new palm kernel oil plant (300 tonnes/day) and may compete for new power purchase agreements in 2027 to nearly double biomass and biogas capacity.

    This signals improving near-term performance and new growth avenues, which can lift the stock price.

  • Q4 profit turnaround targeted after H1 loss, but raw material shortage cuts output SMO aims to return to net profit in Q4/2026 after a 29.48 million baht H1 loss, driven by higher raw material volumes and high selling prices. However, El Nino delayed palm output, forcing production to about 70% of capacity. Also, the expiry of biodiesel price subsidies on Sept 24 creates uncertainty for pricing.

    This is the key counterweight: it explains the risk from raw material shortages and subsidy expiry, which could pressure the stock if not resolved.

  • DBS Vickers names SMO as beneficiary of biofuel tax cuts DBS Vickers Securities Thailand named SMO in a group of integrated palm oil producers set to benefit from the government's plan to cut excise taxes on biofuels. Lower taxes should boost biodiesel demand, helping SMO's sales and margins.

    This is a new regulatory catalyst that could increase demand for SMO's products, directly supporting the stock price.

Mondelez International Inc (MDLZ)

Q3 2026
▼3▲1

Mondelez beats Q2, raises guidance, but cost and regulatory pressures mount

  • Q2 beat and raised guidance Mondelez beat Q2 estimates and raised 2026 organic growth guidance to at least 2%, helped by emerging-market gains, new products, and sustainability efforts like recycled packaging.

    This is the main positive force that supported the stock during the quarter.

  • Cocoa and sugar cost squeeze Cocoa and sugar costs squeezed operating income and EPS, and a potential record El Niño threatens West African cocoa supplies, adding to margin pressure.

    This is a key negative force that weighed on profitability and investor sentiment.

  • Fed rate-hike signals Fed rate-hike signals raise refinancing costs and reduce dividend appeal, making the stock less attractive to income-focused investors.

    This is a new monetary headwind that affected the stock's valuation and appeal.

  • Regulatory and recall pressures UK junk-food regulations, a Poland shrinkflation probe, and a Cadbury Oreo recall add regulatory pressure, creating uncertainty and potential costs.

    These are new regulatory and operational risks that emerged during the quarter.

August 2026
▼2▲1

Mondelez Grinds Out Growth as Cocoa and Sugar Costs Bite

  • Q2 beat and raised 2026 outlook Mondelez beat Q2 estimates for a fourth straight quarter, with revenue up 4.1% and emerging markets growing 4.4%. Management then raised 2026 organic revenue growth guidance to at least 2%. Steady sales and higher guidance support the stock by showing the snack business is still expanding.

    This is the core positive fundamental news of the period and directly supports the share price.

  • Cocoa and sugar costs squeeze margins Cocoa cost timing already cut year-to-date adjusted operating income 12.8% and EPS 8.8%, with productivity only partly offsetting it. Sugar prices also jumped 13% in six weeks, adding another input cost. Higher costs pressure profits and weigh on the stock.

    Rising raw material costs are the main force holding Mondelez's profits and share price back.

  • Super El Niño threatens West African cocoa crop Jefferies warned a possible record-strength El Niño could bring hotter, drier weather to West Africa before the November-January harvest. About 60% of Mondelez's cocoa comes from Ivory Coast and Ghana. A poor crop would keep cocoa prices high and hurt future margins.

    This is a concrete new supply risk that could extend the cocoa cost problem into 2027.

  • New products and farm investment offset regulatory probes Mondelez launched Toblerone Diamond Truffles with Biscoff through Costco worldwide and invested in a Canadian farm fund to secure crops. But Poland's watchdog is probing possible shrinkflation, and a Cadbury Oreo bar recall added regulatory risk. Growth efforts help; investigations and recalls hurt.

    It captures both the new growth initiatives and the fresh regulatory and recall risks affecting the stock.

Latest
▼2▲1

Mondelez Grinds Out Growth as Cocoa and Sugar Costs Bite

  • Q2 beat and raised 2026 outlook Mondelez beat Q2 estimates for a fourth straight quarter, with revenue up 4.1% and emerging markets growing 4.4%. Management then raised 2026 organic revenue growth guidance to at least 2%. Steady sales and higher guidance support the stock by showing the snack business is still expanding.

    This is the core positive fundamental news of the period and directly supports the share price.

  • Cocoa and sugar costs squeeze margins Cocoa cost timing already cut year-to-date adjusted operating income 12.8% and EPS 8.8%, with productivity only partly offsetting it. Sugar prices also jumped 13% in six weeks, adding another input cost. Higher costs pressure profits and weigh on the stock.

    Rising raw material costs are the main force holding Mondelez's profits and share price back.

  • Super El Niño threatens West African cocoa crop Jefferies warned a possible record-strength El Niño could bring hotter, drier weather to West Africa before the November-January harvest. About 60% of Mondelez's cocoa comes from Ivory Coast and Ghana. A poor crop would keep cocoa prices high and hurt future margins.

    This is a concrete new supply risk that could extend the cocoa cost problem into 2027.

  • New products and farm investment offset regulatory probes Mondelez launched Toblerone Diamond Truffles with Biscoff through Costco worldwide and invested in a Canadian farm fund to secure crops. But Poland's watchdog is probing possible shrinkflation, and a Cadbury Oreo bar recall added regulatory risk. Growth efforts help; investigations and recalls hurt.

    It captures both the new growth initiatives and the fresh regulatory and recall risks affecting the stock.

July 2026
▲2▼2

Mondelez Q2 Beat and Raised Outlook Offset by Fed Rate Fears

  • Q2 Beat and Raised Full-Year Outlook Mondelez reported Q2 revenue of $9.36 billion and adjusted EPS that beat estimates, driven by solid demand for biscuits and chocolate plus price increases. Management raised full-year organic revenue growth guidance to at least 2%, up from flat to up 2%. This directly boosts investor confidence and supports a higher stock price.

    This is the most recent and most impactful positive catalyst for MDLZ, showing stronger-than-expected financial performance and improved future guidance.

  • Fed Signals Potential Rate Hike, Pressuring Dividend Stocks The Federal Reserve held rates steady but hinted at a possible hike, pushing the 2-year Treasury yield up. Higher rate expectations make Mondelez's acquisition-related debt more expensive to refinance and reduce the appeal of its dividend compared to bonds. This weighed on MDLZ shares, which fell 2.1% on the day.

    This monetary policy shift directly affects MDLZ's cost of capital and relative attractiveness to income investors, explaining downward price pressure.

  • UK Junk Food Regulations Threaten Investment Mondelez's CEO warned that tightening UK junk food rules create uncertainty and could deter future factory investment in Britain, its second-biggest market. While no immediate financial impact, this regulatory risk could raise costs and limit growth opportunities in a key region, weighing on long-term sentiment.

    This highlights a real regulatory headwind that could affect Mondelez's operations and investment decisions in a major market.

  • Sustainable Packaging Partnership for Marabou Mondelez partnered with LyondellBasell and others to launch flexible packaging with 75% recycled content for Marabou chocolate bars. This supports sustainability goals, aligns with EU recycled-content rules, and may enhance brand appeal and demand, though the near-term financial impact is modest.

    This innovation supports Mondelez's environmental credentials and regulatory compliance, potentially aiding long-term demand and brand strength.

▲2▼2

Mondelez Q2 Beat and Raised Outlook Offset by Fed Rate Fears

  • Q2 Beat and Raised Full-Year Outlook Mondelez reported Q2 revenue of $9.36 billion and adjusted EPS that beat estimates, driven by solid demand for biscuits and chocolate plus price increases. Management raised full-year organic revenue growth guidance to at least 2%, up from flat to up 2%. This directly boosts investor confidence and supports a higher stock price.

    This is the most recent and most impactful positive catalyst for MDLZ, showing stronger-than-expected financial performance and improved future guidance.

  • Fed Signals Potential Rate Hike, Pressuring Dividend Stocks The Federal Reserve held rates steady but hinted at a possible hike, pushing the 2-year Treasury yield up. Higher rate expectations make Mondelez's acquisition-related debt more expensive to refinance and reduce the appeal of its dividend compared to bonds. This weighed on MDLZ shares, which fell 2.1% on the day.

    This monetary policy shift directly affects MDLZ's cost of capital and relative attractiveness to income investors, explaining downward price pressure.

  • UK Junk Food Regulations Threaten Investment Mondelez's CEO warned that tightening UK junk food rules create uncertainty and could deter future factory investment in Britain, its second-biggest market. While no immediate financial impact, this regulatory risk could raise costs and limit growth opportunities in a key region, weighing on long-term sentiment.

    This highlights a real regulatory headwind that could affect Mondelez's operations and investment decisions in a major market.

  • Sustainable Packaging Partnership for Marabou Mondelez partnered with LyondellBasell and others to launch flexible packaging with 75% recycled content for Marabou chocolate bars. This supports sustainability goals, aligns with EU recycled-content rules, and may enhance brand appeal and demand, though the near-term financial impact is modest.

    This innovation supports Mondelez's environmental credentials and regulatory compliance, potentially aiding long-term demand and brand strength.