← Thai Wah overview

Thai Wah vs Srinanaporn Marketing: why the prices moved differently

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

Thai Wah Public Company Limited (TWPC.BK)

Q3 202611 Aug – 27 Sep 2026

▲2▼1

Thai Wah's profit hit by costs, but China plant and Well-Grow deal drive growth

Q2 profit plunges 73% on high cassava costs and geopolitical tensions Thai Wah's Q2 2026 net profit fell 73% to 18.1 million baht, even as sales rose 1.8%. High tapioca root costs from drought and cassava disease, plus US-Iran tensions, squeezed margins. This weak profit is a clear negative for the stock, showing cost pressures are hurting the bottom line.
It explains the main negative force on TWPC's price this period: a sharp profit drop from cost and geopolitical pressures.
New China plant starts commercial production to meet specialty ingredient demand Thai Wah's new China factory began commercial production in mid-July under its China 2.0 strategy. It should support rising demand for specialty ingredients, cut logistics costs, and expand the customer base, helping drive double-digit revenue growth in China. This is a positive growth driver for the stock.
It shows a concrete expansion that can boost future revenue and offsets some of the cost-driven profit weakness.
Acquires 80% of Well-Grow for 190 million baht to boost high-margin food Thai Wah is buying 80% of Well-Grow, a profitable sauces and ready-to-eat food maker, for 190 million baht. The deal immediately adds Well-Grow's revenue and profit to Thai Wah's results and moves it toward higher-margin food solutions under its TW2030 strategy. This is a positive for the stock.
It is a major new acquisition that adds earnings and shifts the business toward higher-margin products, a key positive driver.

September 202611 Aug – 27 Sep 2026

▲2▼1

Thai Wah's profit hit by costs, but China plant and Well-Grow deal drive growth

Q2 profit plunges 73% on high cassava costs and geopolitical tensions Thai Wah's Q2 2026 net profit fell 73% to 18.1 million baht, even as sales rose 1.8%. High tapioca root costs from drought and cassava disease, plus US-Iran tensions, squeezed margins. This weak profit is a clear negative for the stock, showing cost pressures are hurting the bottom line.
It explains the main negative force on TWPC's price this period: a sharp profit drop from cost and geopolitical pressures.
New China plant starts commercial production to meet specialty ingredient demand Thai Wah's new China factory began commercial production in mid-July under its China 2.0 strategy. It should support rising demand for specialty ingredients, cut logistics costs, and expand the customer base, helping drive double-digit revenue growth in China. This is a positive growth driver for the stock.
It shows a concrete expansion that can boost future revenue and offsets some of the cost-driven profit weakness.
Acquires 80% of Well-Grow for 190 million baht to boost high-margin food Thai Wah is buying 80% of Well-Grow, a profitable sauces and ready-to-eat food maker, for 190 million baht. The deal immediately adds Well-Grow's revenue and profit to Thai Wah's results and moves it toward higher-margin food solutions under its TW2030 strategy. This is a positive for the stock.
It is a major new acquisition that adds earnings and shifts the business toward higher-margin products, a key positive driver.

Latest11 Aug – 27 Sep 2026

▲2▼1

Thai Wah's profit hit by costs, but China plant and Well-Grow deal drive growth

Q2 profit plunges 73% on high cassava costs and geopolitical tensions Thai Wah's Q2 2026 net profit fell 73% to 18.1 million baht, even as sales rose 1.8%. High tapioca root costs from drought and cassava disease, plus US-Iran tensions, squeezed margins. This weak profit is a clear negative for the stock, showing cost pressures are hurting the bottom line.
It explains the main negative force on TWPC's price this period: a sharp profit drop from cost and geopolitical pressures.
New China plant starts commercial production to meet specialty ingredient demand Thai Wah's new China factory began commercial production in mid-July under its China 2.0 strategy. It should support rising demand for specialty ingredients, cut logistics costs, and expand the customer base, helping drive double-digit revenue growth in China. This is a positive growth driver for the stock.
It shows a concrete expansion that can boost future revenue and offsets some of the cost-driven profit weakness.
Acquires 80% of Well-Grow for 190 million baht to boost high-margin food Thai Wah is buying 80% of Well-Grow, a profitable sauces and ready-to-eat food maker, for 190 million baht. The deal immediately adds Well-Grow's revenue and profit to Thai Wah's results and moves it toward higher-margin food solutions under its TW2030 strategy. This is a positive for the stock.
It is a major new acquisition that adds earnings and shifts the business toward higher-margin products, a key positive driver.

Srinanaporn Marketing Public Company Limited (SNNP.BK)

Q3 202620 Jul – 9 Oct 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 202620 Jul – 9 Oct 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.

Latest20 Jul – 9 Oct 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.