← Smothong overview

Smothong vs Nestle: 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.

Nestle S.A. (NESN.SW)

Q3 2026
▲2▼2

Nestlé beats estimates, reshapes portfolio, but faces Russia seizure and margin pressures

  • Strong Q2 results and raised guidance Nestlé beat Q2 organic sales estimates with 3.7% growth and raised full-year guidance to 3–4%, signaling resilient consumer demand despite a tough environment.

    This is the core positive fundamental driver for the stock this quarter.

  • Portfolio reshaping and growth investments Nestlé formed a €3 billion water joint venture with Platinum Equity, sold its Holistic Health unit for $1.0 billion, and invested in Thailand with a new Nescafé factory and pet-food expansion.

    These strategic moves aim to sharpen focus and drive future growth in key categories.

  • Russia seizes subsidiaries Russia seized five Nestlé subsidiaries generating about 2 billion Swiss francs in sales, adding geopolitical uncertainty and potential write-downs.

    This is a major negative event that directly impacts revenue and increases risk.

  • Margin pressures from costs and regulation Rising cocoa and sugar costs squeeze margins, while regulators in Poland probe shrinkflation and India may require warning labels on sugary foods, adding compliance costs and reputational risk.

    These factors threaten profitability and could dampen investor sentiment.

August 2026
▲2▼2

Nestlé trims portfolio, bets on pet food and coffee, faces Russia and input-cost risks

  • Russia seizes Nestlé's business; company weighs all options Russia placed five Nestlé subsidiaries under state temporary management, effectively seizing assets that generated about 2 billion Swiss francs of sales and employed 7,000 people. Nestlé says it is considering all options. Losing these assets outright would be a real hit to earnings and adds unpredictable geopolitical risk to the stock.

    This is the single largest new negative event for Nestlé this period, directly threatening assets and earnings.

  • Nestlé sells Holistic Health for $1.0 billion Nestlé agreed to sell its Holistic Health vitamins and supplements unit, including Nature's Bounty, to Yellow Wood Partners for $1.0 billion. This continues management's plan to shed slower-growing businesses and focus on higher-value nutrition, pet care and coffee, which investors have rewarded.

    A concrete portfolio move that supports the company's simplification strategy and frees capital.

  • Nestlé pours money into pet food and coffee in Thailand Nestlé is investing over 29 billion baht in Thailand in 2026: a new Nescafé factory and distribution centre, plus a 6.4 billion baht pet-food expansion and a 157 million Swiss franc Purina upgrade. Pet food is about 21% of group sales and growing, so these bets support future revenue.

    Shows where Nestlé is putting capital for growth, a key driver of long-term value.

  • Regulators and rising cocoa/sugar costs squeeze packaged food Poland is probing Nestlé over 'shrinkflation' — smaller packs at the same price. India may put red warning labels on sugary, salty foods, which could flag most packaged products including Maggi and KitKat. Meanwhile cocoa and sugar prices are climbing again, already trimming Nestlé's gross margin. All three pressure sales or costs.

    Combines the main regulatory and input-cost headwinds that could weigh on margins and volumes.

Latest
▲2▼2

Nestlé trims portfolio, bets on pet food and coffee, faces Russia and input-cost risks

  • Russia seizes Nestlé's business; company weighs all options Russia placed five Nestlé subsidiaries under state temporary management, effectively seizing assets that generated about 2 billion Swiss francs of sales and employed 7,000 people. Nestlé says it is considering all options. Losing these assets outright would be a real hit to earnings and adds unpredictable geopolitical risk to the stock.

    This is the single largest new negative event for Nestlé this period, directly threatening assets and earnings.

  • Nestlé sells Holistic Health for $1.0 billion Nestlé agreed to sell its Holistic Health vitamins and supplements unit, including Nature's Bounty, to Yellow Wood Partners for $1.0 billion. This continues management's plan to shed slower-growing businesses and focus on higher-value nutrition, pet care and coffee, which investors have rewarded.

    A concrete portfolio move that supports the company's simplification strategy and frees capital.

  • Nestlé pours money into pet food and coffee in Thailand Nestlé is investing over 29 billion baht in Thailand in 2026: a new Nescafé factory and distribution centre, plus a 6.4 billion baht pet-food expansion and a 157 million Swiss franc Purina upgrade. Pet food is about 21% of group sales and growing, so these bets support future revenue.

    Shows where Nestlé is putting capital for growth, a key driver of long-term value.

  • Regulators and rising cocoa/sugar costs squeeze packaged food Poland is probing Nestlé over 'shrinkflation' — smaller packs at the same price. India may put red warning labels on sugary, salty foods, which could flag most packaged products including Maggi and KitKat. Meanwhile cocoa and sugar prices are climbing again, already trimming Nestlé's gross margin. All three pressure sales or costs.

    Combines the main regulatory and input-cost headwinds that could weigh on margins and volumes.

July 2026
▲3▼1

Nestlé beats Q2 estimates, raises guidance, forms water JV, invests in Thailand

  • Q2 organic sales beat and raised full-year guidance Nestlé's Q2 organic sales rose 3.7%, slightly beating estimates, and the company raised its full-year organic growth guidance to 3-4% from around 3%. This signals resilient demand and pricing power, supporting the stock's long-term value.

    This is the core earnings update that directly drives investor expectations for future growth.

  • Water joint venture with Platinum Equity to raise €3 billion Nestlé will form a 50:50 joint venture for its waters and premium beverages business, receiving about €3 billion in cash. This unlocks value from a slower-growth unit and provides funds for core brands, boosting investor confidence.

    The JV is a major strategic move that improves capital allocation and cash flow.

  • 23 billion baht investment in new Nescafé factory in Thailand Nestlé is building a new AI-driven Nescafé factory in Thailand, expanding production capacity and creating over 520 jobs. This long-term investment supports future volume growth and efficiency in a key coffee market.

    It shows commitment to expanding supply capacity and innovation, which can drive future sales.

  • Consumers shun mid-sized packs amid price squeeze Nestlé says inflation is pushing consumers toward smaller or mega-sized packs, hurting sales of mid-sized products. This pressures volumes and forces portfolio adjustments, a headwind for revenue growth.

    It highlights a demand challenge that could offset positive growth drivers.

▲3▼1

Nestlé beats Q2 estimates, raises guidance, forms water JV, invests in Thailand

  • Q2 organic sales beat and raised full-year guidance Nestlé's Q2 organic sales rose 3.7%, slightly beating estimates, and the company raised its full-year organic growth guidance to 3-4% from around 3%. This signals resilient demand and pricing power, supporting the stock's long-term value.

    This is the core earnings update that directly drives investor expectations for future growth.

  • Water joint venture with Platinum Equity to raise €3 billion Nestlé will form a 50:50 joint venture for its waters and premium beverages business, receiving about €3 billion in cash. This unlocks value from a slower-growth unit and provides funds for core brands, boosting investor confidence.

    The JV is a major strategic move that improves capital allocation and cash flow.

  • 23 billion baht investment in new Nescafé factory in Thailand Nestlé is building a new AI-driven Nescafé factory in Thailand, expanding production capacity and creating over 520 jobs. This long-term investment supports future volume growth and efficiency in a key coffee market.

    It shows commitment to expanding supply capacity and innovation, which can drive future sales.

  • Consumers shun mid-sized packs amid price squeeze Nestlé says inflation is pushing consumers toward smaller or mega-sized packs, hurting sales of mid-sized products. This pressures volumes and forces portfolio adjustments, a headwind for revenue growth.

    It highlights a demand challenge that could offset positive growth drivers.