SCGP expects its third-quarter 2026 performance to improve significantly from a year earlier, driven by continued expansion in both domestic and international demand and selling price increases to reflect higher costs. Currently, domestic revenue accounts for 87% and exports 13%. Meanwhile, demand in Vietnam has grown so strongly that capacity utilization has hit 100%, forcing the company to shift products from Indonesia to meet demand. The company is confident that full-year 2026 EBITDA will meet the target of 18.3 billion baht, up from 17.2 billion baht a year earlier, after achieving 10.4 billion baht in the first half, or more than 56% of the target. It also plans to spend another 7.61 billion baht in capital expenditure for the remainder of the year, with over 5 billion baht allocated for mergers and acquisitions and partnerships in the paper packaging and polymer segments in Vietnam, Indonesia, and Thailand. The rest will be used to expand production capacity, such as a plant in Vietnam that is set to add 26,800 tonnes per year of corrugated box capacity with a budget of 748 million baht, with production expected to start in September 2027. Finansia Syrus Securities recommends buying SCGP with a target price of 35 baht, after second-quarter profit surged 128%, and has raised its 2026–2027 profit forecast by 22%. Meanwhile, Trinity Securities estimates that SCC will report second-quarter net profit today of 8.2 billion baht, down 53% from a year earlier but up 32% from the previous quarter, with the chemicals business supported by improved PE/PP and PVC spreads.
SCG Packaging Public Company LimitedStrong domestic and international demand, Vietnam capacity at 100%.
The Siam Cement Public Company LimitedTrinity Securities estimates SCC's Q2 net profit down 53% year-on-year.
