Fortune Parts Industry Public Company Limited

Fortune Parts Industry Public Company Limited, or FPI, took part in the official launch of the first electric vehicles from CEER, a Saudi Arabian electric vehicle manufacturer, under the name EXOBOT, in Saudi Arabia. Sompol Tanadumrongsak, Chairman of the Executive Board and Managing Director, attended the event. The vehicles unveiled were the EXOBOT SUV and the EXOBOT Sedan, the first two flagship models from CEER's plan to launch a total of seven models within five years. Both models deliver a maximum of 1,111 horsepower and peak torque of 1,500 newton-metres. FPI attended as a Strategic Partner of CEER, producing several plastic components for the electric vehicle maker, reflecting its role in the overseas electric vehicle industry supply chain. The event also gave FPI the opportunity to follow technology trends and developments in Saudi Arabia's electric vehicle market, as well as to strengthen relationships with partners in the automotive industry to capture future business opportunities.

MMM Mega Fin Holding Group is pressing ahead with its Jump+ plan, expanding from its real estate expertise into the financial business. Housing Welfare Capital, or HAC, a subsidiary under MMM Mega Fin Holding Group, has begun offering mortgage loans, sale-and-leaseback loans, and housing loans in full, aiming to build a recurring income stream and add long-term revenue channels for the business. It targets a loan portfolio of 700 million baht by 2028. Meanwhile, FPI has teamed up with CEER to officially launch EXOBOT, a Saudi Arabian electric vehicle, with the first two models unveiled under a plan to introduce seven models within five years as a Strategic Partner. Yuanta Securities highlighted the standout features of EKH, namely its pediatrics center, heart and vascular center, and IVF center, which continue to grow strongly. In 2027, it expects to reap gains from Bloom Hospital, which is set to reach breakeven from the first quarter of 2027. It also expects a dividend yield of 5.5% in 2026, rising to 6.1% in 2027, and sets a base price target of 5.85 baht per share.

Fortune Parts Industry Public Company Limited, or FPI, expects its performance in the second half of 2026 to grow better than the first half, driven by increased investment in moulds to support orders and by expansion in overseas markets, especially the Middle East. Sompol Tanadumrongsak, Chairman of the Executive Board and Managing Director, disclosed that although sales in the Middle East in the second quarter of 2026 fell by an average of about 20%, FPI still grew against the market, with second-quarter 2026 sales rising about 8 to 10%, benefiting from the aftermarket or replacement parts business, where demand increased after some OEM manufacturers ran into product delivery problems. The company has a logistics advantage in the Middle East, shipping goods from Jeddah and Al Khobar to the GCC group including Kuwait, Qatar, Oman and Bahrain using its own trucks, which cuts costs by 30% compared with competitors that rely on sea freight, while diesel prices stand at about 10 baht per litre. FPI is pressing ahead with a new plant in Saudi Arabia to upgrade it into a production and distribution hub for the MENA region and to extend its market reach into Europe, while expanding its partnerships from Japanese and Korean carmakers to European carmakers, both in the aftermarket such as Alfa Romeo and Fiat and in the OEM group such as Peugeot.

The Association of Listed Companies on the Market for Alternative Investment (maiA) has revealed the 10 companies on the mai market with the highest net profit in the first six months of 2026. PSGC took the top spot with a profit of 488 million baht, up 317% from the same period last year. UKEM posted a profit of 338 million baht, up 1,065%, the highest growth rate in the group, followed by KCC with a profit of 334 million baht, up 198%, and TRT with a profit of 290 million baht, up 262%. Ranking fifth to tenth are NTF with a profit of 276 million baht, up 67%; FSMART with a profit of 268 million baht, down 12%; XO with a profit of 238 million baht, down 15%; TACC with a profit of 203 million baht, up 33%; MEB with a profit of 191 million baht, down 10%; and FPI with a profit of 175 million baht, up 24%. Seven of the ten companies saw profit growth, while XO, FSMART, and MEB saw declines.

Fortune Part Industry Public Company Limited, or FPI, has announced an interim cash dividend of 0.04 baht per share. The XD date is set for 26 August 2026, with payment to shareholders on 9 September 2026. Mr. Sompol Thanadumrongsak, Managing Director of FPI, said the company continues to expand its markets both domestically and internationally to increase business opportunities and broaden its customer base, while enhancing long-term competitiveness. It is also developing products to keep pace with changes in the automotive industry, especially electric vehicle technology, which has continued growth potential, in order to create new business opportunities and support FPI's future growth.

Fortune Parts Industry Public Company Limited, or FPI, reported second-quarter net profit for 2026 of 108.7 million baht, up 70% from the same period last year, on total revenue of 759.7 million baht, an increase of 15.3%, supported by domestic OEM business sales and exports to South America and Africa. The board approved an interim dividend of 0.04 baht per share, with the stock set to trade ex-dividend on 26 August 2026 and payment on 9 September 2026. For the first six months of 2026, the company posted total revenue of 1.377 billion baht, up 7.3%, and net profit of 173.2 million baht, up 22.9%. Its subsidiary in India swung to a profit of 8.13 million baht from a loss of 15.79 million baht a year earlier, while its subsidiary in Saudi Arabia has completed no less than 60% of factory construction and is expected to begin production by December 2026.

FPI is set to open a new production base in the King Abdullah Economic City special economic zone in Saudi Arabia by November 2026, serving as a manufacturing and distribution hub for the Middle East and North Africa region. The move is expected to cut logistics costs by more than 30 percent compared with exporting from Thailand. The company has already secured a parts production project from Ceer, a Saudi Arabian automaker, worth over 30 million US dollars, or approximately 1 billion baht, with revenue to be recognised gradually over the next five to six years. In addition, FPI is in talks with Hyundai to support parts production for future car manufacturing projects in Saudi Arabia, and sees opportunities to expand into the air conditioning segment, where demand is high in the region.

Fortune Part Industry Public Company Limited, or FPI, is accelerating construction of a new factory in the King Abdullah Economic City, or KAEC, special economic zone in Saudi Arabia. Commercial operations are expected to begin by November 2026, serving as a manufacturing and distribution hub for the Middle East and North Africa region. Setting up the plant in KAEC, a strategic location for manufacturing and logistics, will help reduce logistics costs by more than 30% compared with exporting from Thailand, and lower risks from international shipping route volatility. The factory will produce OEM automotive plastic parts and has already secured a project from Ceer, a Saudi Arabian automaker, worth over 30 million US dollars, or approximately 1 billion baht, with revenue to be recognized gradually over the next five to six years. In addition, FPI is in talks with Hyundai to support parts production for future vehicle manufacturing projects in Saudi Arabia, and is exploring opportunities to expand into the air-conditioning segment, which sees high demand in the region.