Yuanta Picks 5 Standout Small and Mid-Caps as 3Q26 Earnings Grow Further, Led by SSP, MGC, NCAP, NER and RBF

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Yuanta Securities said that within the small and mid-cap group, second-quarter 2026 earnings were outstanding and the momentum continued into the third quarter of 2026. It expects normalized third-quarter 2026 earnings to grow quarter-on-quarter at 34 of 48 companies, or 71%, hold steady at 6 companies, or 13%, and decline at 8 companies, or 17%. When weighted by earnings base, only 8 companies are expected to contract, yet they account for 28.6% of the total, particularly SC, PSH and PSP, which have high earnings bases, meaning the universe's total third-quarter 2026 earnings may not accelerate quarter-on-quarter as much as the company count suggests. Companies expected to grow both quarter-on-quarter and year-on-year number 26, or 54%, with drivers spread across six groups: seasonal factors and the high season, added production capacity or new project launches, selling price increases that support gross margins, higher commodity prices, a recovering industry cycle, and backlog awaiting delivery. As for the impact of flooding, it is assessed as limited and short-term, with 5 companies benefiting, 14 affected and 29 not significantly affected. When weighted by earnings size, the beneficiaries have an earnings base of 1,122 million baht, compared with 901 million baht for those affected. From the 48 companies screened through four filters, 27 passed all of them, and these were divided into 15 interesting stocks. Tier 1, the most interesting group, has 5 companies, ranked by score from highest to lowest: SSP, MGC, NCAP, NER and RBF.

Impact on assets 8

Materials▲ · 2 stocks
Consumer Discretionary▲ · 1 stocks
Millennium Grp Corp (Asia)
MGC
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Named in Yuanta's Tier 1 most-interesting small/mid-cap list with expected Q3 2026 earnings growth.

Financials▲ · 1 stocks
Consumer Staples▲ · 1 stocks
Aging Population▲ · 1 stocks
Real Estate▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
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