Atlas Energy Public Company Limited

Atlas Energy Public Company Limited, or ATLAS, disclosed that its board of directors meeting No. 5/2569 on September 24, 2569 approved the establishment of a new subsidiary named Atlas Alpha Company Limited (ATA), which is expected to be registered within October 2569. The new subsidiary has registered capital of 120 million baht, divided into 1.2 million ordinary shares at 100 baht per share. ATLAS will hold 1,199,999 shares, representing 99.9999%, and Mrs. Sukwasa Phuchatchawanichkul will hold 1 share, representing 0.0001%. ATA is being established to support investment and promote the business operations of ATLAS and the group of companies, including investing in other companies or assets, as well as conducting businesses related to or supporting the group's businesses.

Several listed companies have revealed their business direction for the second half of 2026 through earnings call activities. Chao Sua Foods Industry, or CHAO, reported first-half 2026 net profit of 10.4 million baht and a gross profit margin as high as 36.4%. CEO Napat Morin signaled an all-out push in the second half through four market-driving strategies, along with proactive cost management to keep GPM steady at 36%. Exotic Food, or XO, with CEO Jittiporn Chantarat, signaled a positive second half after absorbing the main impact of a chili stock write-off in the first half, with its key European market clearly returning to growth and the third quarter of 2026 expected to improve on the second quarter, while targeting 10% revenue growth for 2026. Northeast Rubber, or NER, with CEO Chuwit Chuengtanasomboon, announced its second-quarter 2026 results and said the board approved an interim cash dividend of 0.05 baht per share, with payment due on September 4. Atlas Energy, or ATLAS, with CEO Suwatchai Pitakwongsaporn, expressed confidence in achieving double-digit sales growth in the second half of 2026 as planned, and is pressing ahead with the JUMP+ project. S.C.L. Motor Part, or SCL, with Managing Director Sakon Tangkosakul, unveiled plans to expand its product portfolio and sales channels; it currently carries more than 200,000 auto spare parts items and is targeting 2026 revenue of 2.05 billion baht.

Atlas Energy Public Company Limited, or ATLAS, expects its operating results in the third quarter of 2026 to improve, driven by growing LPG consumption across all segments, namely households, industry, and vehicles, while it begins recognising revenue from three additional LPG filling plants. Suwatchai Phithakwongsaporn, Chief Executive Officer and Managing Director, said the company aims to increase its share of the household LPG market from 4.8% as of the second quarter of 2026, alongside a plan to expand its Gas Shop network by another 130 to 150 branches within 2026, after adding 72 branches in the first half of this year, bringing the total to 525 branches at present. The household LPG market has a size of more than 2 million tonnes per year, and in 2026 the company is confident that sales will grow at a double-digit rate and that gas sales volume will exceed 450,000 tonnes, in line with its target.

KGI Securities (Thailand) expects ATLAS's operating results to recover quarter on quarter in the third quarter of 2026, as the gross margin of the oil service business returns to normal and turns positive from minus 6.6 percent in the second quarter of 2026, because diesel consumption in Thailand has recovered after falling sharply in April. At the same time, LPG sales volume is expected to continue rising both year on year and quarter on quarter, driven by the expansion of LPG service stations to 248 stations and the household LPG shop network to 525 shops at the end of the second quarter of 2026. The broker has cut its 2026 profit forecast by 15 percent to 319 million baht and its 2027 forecast by 7 percent to 415 million baht, due to higher selling, general and administrative expenses and a lower gross margin in the oil service business. However, it has slightly raised its LPG gross margin assumption to 15.3 percent in 2026 and 15.1 percent in 2027, while lowering its target price to 3.20 baht from 3.70 baht, based on a price-to-earnings ratio of 12.5 times. It still maintains a buy recommendation because it expects profit to recover both year on year and quarter on quarter in the third quarter of 2026, and to grow strongly by 30 percent year on year to 415 million baht in 2027.