SAWAD is moving forward with selective loan expansion, prioritizing quality over rapid portfolio growth. Title loan lending remains the core product, accounting for 73.17% of the portfolio, with a target for continued portfolio growth of around 10-15% year on year. Currently, NPL stands at 3.87%, and the company sees no significant signs of rising bad debt. It is accelerating efforts to manage and restructure debt to match each customer's repayment capacity. The company plans to keep expanding its insurance business, with insurance sales revenue in the second quarter of 2026 at 382 million baht, up 7.30% quarter on quarter, and the six-month period at 738 million baht, up 13.19% year on year, while adding digital and telesales channels. Bualuang Securities expects third-quarter 2026 net profit to be 1.5 billion baht, up 10% year on year and 4% quarter on quarter, and has raised its full-year 2026 net profit forecast to 5.7 billion baht, up 13% year on year, a new record high. It maintains a buy recommendation with a fair value of 37 baht per share.
Srisawad Power 1979 PCLBualuang Securities raised FY2026 net profit forecast to record high and maintains buy with fair value 37 baht.
