STELLA turns its first profit in 10 years after selling Legend Siam for 2.45 billion baht

Thunhoon··TH·Read original
2▲3 ▼0Impact / 5
Summary · why it matters

Stella X Public Company Limited, or STELLA, has announced a major turnaround, with its second-quarter 2026 results returning to a net profit for the first time in 10 years. Kan Danai Phuwasawat, Deputy Chief Executive Officer, said the profit came from the sale of the Legend Siam project asset, valued at 2.45 billion baht, along with the successful unlocking of its debt burden under plan, leaving the company with a stronger financial structure and the liquidity to press ahead at full strength in the real estate business. Meanwhile, Chayo Group Public Company Limited, or CHAYO, is targeting net profit attributable to the parent company of no less than 300 million baht and continued growth of 20% a year, from assets under management currently standing at around 100 billion baht. Krungthai Card Public Company Limited, or KTC, is confident that credit card spending and lending in the second half of 2026 will grow in line with its targets, focusing on customers earning 50,000 baht or more and on first jobbers among the younger generation. WP Energy Public Company Limited, or WP, has signalled continued business growth in the second half under its JUMP+ plan, aiming to upgrade its liquefied petroleum gas, or LPG, business. And Meesuk Solutions Public Company Limited, or HAPPY26, a developer of ready-built warehouses and factories, begins trading on LiVEx on 23 September 2026.

Impact on assets 3

Aging Population▲ · 1 stocks
Stella X Public Company Limited
STELLA
▲ PositiveCapitalrelevance

STELLA returned to net profit for the first time in 10 years, driven by the 2.45 billion baht sale of the Legend Siam asset and debt restructuring.

Financials▲ · 1 stocks
Krungthai Card PCL
KTC
▲ PositiveDemandrelevance

KTC is confident credit card spending and lending in H2 2026 will grow in line with targets, focusing on higher-income customers and young first jobbers.

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 1

Meesuk Solutions PCLPrivate± Mixed
relevance

Meesuk Solutions (HAPPY26) is only noted as beginning trading on LiVEx on 23 September 2026, with no operational development.

© 2026 MarketIVNews