MGC confident Q3 2026 will be bright, joining hands with XPENG on new AI SUV, pushing full-year revenue toward 25 billion baht target

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Summary · why it matters

Millennium Group Corporation Asia, or MGC, expects its business trend in the third quarter of 2026 to keep growing from the same period last year, supported by a backlog of vehicle deliveries across various models, the gradual launch of new models, and the combined strength of its group businesses including Alpha X auto lending, Howden Maxi insurance, and after-sales services, to drive full-year 2026 revenue toward the 25 billion baht target after the first half of this year already reached about 14.7 billion baht. Most recently, XPENG Thailand launched the new L03, the latest next-generation AI SUV with a sporty coupe style, as the world's first right-hand-drive version, and aims to expand its after-sales service network from 20 locations to 30 nationwide within this year.

Impact on assets 1

Consumer Discretionary▲ · 1 stocks
Millennium Grp Corp (Asia)
MGC
▲ PositiveDemandrelevance

Backlog of vehicle deliveries and new model launches support revenue growth toward 25 billion baht target.

Off-coverage companies 1

X Mobility Thailand Co., Ltd. (XPeng Thailand)Private▲ Positive
Demandrelevance

Launch of new AI SUV L03 and expansion of after-sales network to 30 locations drive sales and service demand.