SG Capital PCL vs Srisawad Power 1979 PCL: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

SG Capital PCL (SGC.BK)

Q3 202613 Aug – 28 Sep 2026

▲4

SGC's record profit, C4C sale and Lock Phone boom drive gains

Record Q2 profit and strong group momentum SGC posted a record quarterly net profit of 203.5 million baht, up 186% from a year earlier, as part of the JMART group's broad recovery. This profit surge, plus the group's growth plans, supports the stock price by showing the business is performing well.
It is the core earnings event that explains why SGC is moving and is new this period.
C4C portfolio sale to boost Q4 cash and results SGC's board approved selling its C4C car-for-cash loan portfolio for up to 1.3 billion baht, with about 1 billion baht expected in Q4 2026. This improves liquidity, lets it delay new bond issuance, and sets up a record fourth quarter, pushing the stock up.
It is a concrete new transaction that directly affects SGC's cash flow and future earnings.
Lock Phone lending beats expectations SGC's Lock Phone loan disbursements rose about 20% in July-August and demand kept rising in September, putting it on track to exceed its 14 billion baht full-year target. Nearly 90% of new loans are Lock Phone, a high-yield product, which supports revenue growth.
It shows the main growth engine is stronger than planned, a key reason the stock is moving.
Capital restructuring and possible dividends ahead SGC and SINGER will hold an extraordinary shareholder meeting on September 29 to consider capital restructuring and future dividend plans. After eight straight profitable quarters, clearing accumulated losses could unlock dividends, a positive for the stock price.
It is a new corporate action that could change the stock's appeal to income-focused investors.

September 202613 Aug – 28 Sep 2026

▲4

SGC's record profit, C4C sale and Lock Phone boom drive gains

Record Q2 profit and strong group momentum SGC posted a record quarterly net profit of 203.5 million baht, up 186% from a year earlier, as part of the JMART group's broad recovery. This profit surge, plus the group's growth plans, supports the stock price by showing the business is performing well.
It is the core earnings event that explains why SGC is moving and is new this period.
C4C portfolio sale to boost Q4 cash and results SGC's board approved selling its C4C car-for-cash loan portfolio for up to 1.3 billion baht, with about 1 billion baht expected in Q4 2026. This improves liquidity, lets it delay new bond issuance, and sets up a record fourth quarter, pushing the stock up.
It is a concrete new transaction that directly affects SGC's cash flow and future earnings.
Lock Phone lending beats expectations SGC's Lock Phone loan disbursements rose about 20% in July-August and demand kept rising in September, putting it on track to exceed its 14 billion baht full-year target. Nearly 90% of new loans are Lock Phone, a high-yield product, which supports revenue growth.
It shows the main growth engine is stronger than planned, a key reason the stock is moving.
Capital restructuring and possible dividends ahead SGC and SINGER will hold an extraordinary shareholder meeting on September 29 to consider capital restructuring and future dividend plans. After eight straight profitable quarters, clearing accumulated losses could unlock dividends, a positive for the stock price.
It is a new corporate action that could change the stock's appeal to income-focused investors.

Latest13 Aug – 28 Sep 2026

▲4

SGC's record profit, C4C sale and Lock Phone boom drive gains

Record Q2 profit and strong group momentum SGC posted a record quarterly net profit of 203.5 million baht, up 186% from a year earlier, as part of the JMART group's broad recovery. This profit surge, plus the group's growth plans, supports the stock price by showing the business is performing well.
It is the core earnings event that explains why SGC is moving and is new this period.
C4C portfolio sale to boost Q4 cash and results SGC's board approved selling its C4C car-for-cash loan portfolio for up to 1.3 billion baht, with about 1 billion baht expected in Q4 2026. This improves liquidity, lets it delay new bond issuance, and sets up a record fourth quarter, pushing the stock up.
It is a concrete new transaction that directly affects SGC's cash flow and future earnings.
Lock Phone lending beats expectations SGC's Lock Phone loan disbursements rose about 20% in July-August and demand kept rising in September, putting it on track to exceed its 14 billion baht full-year target. Nearly 90% of new loans are Lock Phone, a high-yield product, which supports revenue growth.
It shows the main growth engine is stronger than planned, a key reason the stock is moving.
Capital restructuring and possible dividends ahead SGC and SINGER will hold an extraordinary shareholder meeting on September 29 to consider capital restructuring and future dividend plans. After eight straight profitable quarters, clearing accumulated losses could unlock dividends, a positive for the stock price.
It is a new corporate action that could change the stock's appeal to income-focused investors.

Srisawad Power 1979 PCL (SAWAD.BK)

Q3 202613 Sep – 5 Oct 2026

▲3▼1

SAWAD's own growth plan and dividend stand out as rate fears ease

SAWAD guides to stronger H2 loan growth and cheaper funding SAWAD said second-half 2026 lending should grow faster than the first half, helped by small traders needing working capital, and expects its borrowing cost to fall to about 4% by year-end after refinancing expensive debt. More loans and cheaper funding both lift profit.
Company guidance on loan growth and funding costs is the clearest new force on future earnings and the stock.
SAWAD pays an interim dividend of 0.35 baht SAWAD declared an interim dividend of 0.35 baht per share, 581.53 million baht in total, from first-half results. The XD date is 6 October 2026 and payment is 21 October 2026. A cash payout supports the shares and shows the business is still generating money.
A newly declared dividend is a concrete cash return to holders and a fresh support for the share price.
Weak US jobs cut the chance of a Fed rate hike US September jobs came in far below forecasts and unemployment rose, so investors cut the odds of a Fed hike in late October to 22.7% from 64.2% a week earlier. Lower rate-hike fear helps rate-sensitive Thai financials like SAWAD, which trades at 0.90 times book value.
This is the newest shift in the interest-rate backdrop that has been the main outside pressure on SAWAD.
Floods seen trimming SAWAD's 2026 earnings about 1% Bualuang Securities estimates the widening floods will cut SAWAD's 2026 earnings by roughly 1%, as borrowers in flooded areas struggle to repay. The hit is small and far below the 2011 floods, but it is a real drag on profit and asset quality.
It is the main new counterweight to the positive company and rate news this period.

September 202613 Sep – 5 Oct 2026

▲3▼1

SAWAD's own growth plan and dividend stand out as rate fears ease

SAWAD guides to stronger H2 loan growth and cheaper funding SAWAD said second-half 2026 lending should grow faster than the first half, helped by small traders needing working capital, and expects its borrowing cost to fall to about 4% by year-end after refinancing expensive debt. More loans and cheaper funding both lift profit.
Company guidance on loan growth and funding costs is the clearest new force on future earnings and the stock.
SAWAD pays an interim dividend of 0.35 baht SAWAD declared an interim dividend of 0.35 baht per share, 581.53 million baht in total, from first-half results. The XD date is 6 October 2026 and payment is 21 October 2026. A cash payout supports the shares and shows the business is still generating money.
A newly declared dividend is a concrete cash return to holders and a fresh support for the share price.
Weak US jobs cut the chance of a Fed rate hike US September jobs came in far below forecasts and unemployment rose, so investors cut the odds of a Fed hike in late October to 22.7% from 64.2% a week earlier. Lower rate-hike fear helps rate-sensitive Thai financials like SAWAD, which trades at 0.90 times book value.
This is the newest shift in the interest-rate backdrop that has been the main outside pressure on SAWAD.
Floods seen trimming SAWAD's 2026 earnings about 1% Bualuang Securities estimates the widening floods will cut SAWAD's 2026 earnings by roughly 1%, as borrowers in flooded areas struggle to repay. The hit is small and far below the 2011 floods, but it is a real drag on profit and asset quality.
It is the main new counterweight to the positive company and rate news this period.

Latest13 Sep – 5 Oct 2026

▲3▼1

SAWAD's own growth plan and dividend stand out as rate fears ease

SAWAD guides to stronger H2 loan growth and cheaper funding SAWAD said second-half 2026 lending should grow faster than the first half, helped by small traders needing working capital, and expects its borrowing cost to fall to about 4% by year-end after refinancing expensive debt. More loans and cheaper funding both lift profit.
Company guidance on loan growth and funding costs is the clearest new force on future earnings and the stock.
SAWAD pays an interim dividend of 0.35 baht SAWAD declared an interim dividend of 0.35 baht per share, 581.53 million baht in total, from first-half results. The XD date is 6 October 2026 and payment is 21 October 2026. A cash payout supports the shares and shows the business is still generating money.
A newly declared dividend is a concrete cash return to holders and a fresh support for the share price.
Weak US jobs cut the chance of a Fed rate hike US September jobs came in far below forecasts and unemployment rose, so investors cut the odds of a Fed hike in late October to 22.7% from 64.2% a week earlier. Lower rate-hike fear helps rate-sensitive Thai financials like SAWAD, which trades at 0.90 times book value.
This is the newest shift in the interest-rate backdrop that has been the main outside pressure on SAWAD.
Floods seen trimming SAWAD's 2026 earnings about 1% Bualuang Securities estimates the widening floods will cut SAWAD's 2026 earnings by roughly 1%, as borrowers in flooded areas struggle to repay. The hit is small and far below the 2011 floods, but it is a real drag on profit and asset quality.
It is the main new counterweight to the positive company and rate news this period.