FORTH expects continued growth in the second half, with its EMS business turning profitable on new customer orders from Australia. Meanwhile, the Enterprise Solutions business is awaiting the signing of a police radio communications project for the Royal Thai Police worth 800 to 900 million baht, and an electronic bracelet project for the Department of Corrections. If signed within this year, these will drive growth beyond targets, alongside recognition of over 800 million baht in smart meter revenue by year-end. On the Tao Bin vending machine front, the company is pushing into high-GDP markets such as the United States and Europe, targeting nearly 9,000 machines in Thailand and 1,500 overseas by year-end, using a revenue-sharing model with local partners. For 2026, the company targets 5% revenue growth from 11.6 billion baht and net profit growth of 5 to 10%, with a chance to reach 1 billion baht, supported by the EMS turnaround and improved Tao Bin performance, while adjusting strategy to take on projects less affected by high IT costs.
Forth Corporation Public Company LimitedNew customer orders from Australia and potential police radio and electronic bracelet projects drive growth.