Smothong Group Public Company Limited manufactures and distributes crude palm oil in Thailand. Its products include crude palm oil and palm kernel oil, along with by-products such as palm shells, palm fibers, empty palm bunches, chopped palm bunches, palm cakes, and dried palm cakes. The company also produces and distributes electricity from biogas fuel. It was founded in 2017 and is headquartered in Surat Thani, Thailand.
SMO announces Surachai Jittaratsenee resigns as board chairman, effective 1 October 2026
SMO, or Samo Thong Group Public Company Limited, announced through the Stock Exchange of Thailand that Surachai Jittaratsenee has resigned from his positions as chairman of the board, company director, and chairman of the risk management committee before completing his term. The company cited health problems as the reason. The resignation takes effect from 1 October 2026 onward. Surachai began serving as chairman of the board on 16 February 2023 and his tenure ends on 1 October 2026, coinciding with the end of his roles as chairman of the risk management committee and company director.
SMO.BK · · Neutral Board chairman Surachai Jittaratsenee resigns for health reasons effective 1 October 2026; no clear positive or negative operational driver stated.
SMO eyes fourth-quarter 2026 profit turnaround after first-half loss of 29.48 million baht
SMO is watching for the expiry of biodiesel and ethanol price compensation measures under Section 55 of the Fuel Fund Act on September 24, 2026, with no clarity yet on support measures after the subsidies end. Kittipong Puangmala, chief executive of Samo Thong Group Public Company Limited, or SMO, said the end of the measures could affect the pricing structure of biodiesel, particularly the retail price gap between B20 and B7, where B20 was previously about 3 baht per litre cheaper. He also called on the government to provide clarity on ways to promote the palm oil and biodiesel industries. As for the third-quarter 2026 outlook, it has improved from a year earlier on higher exports and a weaker baht, but the company has cut production to about 70% of total capacity because of a raw material shortage after palm output was delayed from the second and third quarters to late in the year due to the El Nino phenomenon. Currently, fresh fruit bunch prices are around 9 baht per kilogram and crude palm oil prices are around 40 to 41 baht per kilogram. The company expects total sales for the year to grow better than last year and sees a chance of returning to a net profit in the fourth quarter of 2026 after a net loss of about 29.48 million baht in the first half, driven by an expected increase in raw material volumes entering its plants and high selling prices.
SMO.BK · Supply · Neutral Raw material shortage from delayed palm output due to El Nino forced production cut to ~70% capacity, though higher exports, weaker baht and expected Q4 raw material recovery support a profit turnaround.
PALMOIL · Supply · Neutral Crude palm oil prices around 40-41 baht/kg amid a raw material shortage and delayed palm output, while the expiry of biodiesel/ethanol price compensation measures clouds the pricing structure.
SMO Unveils Expansion Plan and CPKO Plant to Create New S-Curve
SMO, or Samo Thong Group Public Company Limited, led by Mr. Kittipong Puangmala, Chief Executive Officer, along with APM executives, revealed its business plan to investors in Chiang Mai Province. The company reported total revenue of 3,518.55 million baht in the second quarter of 2026, an increase of 2.48% from the same period last year, and a net profit of 29.56 million baht. Meanwhile, the company increased production capacity at its Phanom branch from 75 tons to 150 tons of fresh palm fruit per hour, and its subsidiary, A.L. Palm Company Limited, from 60 tons to 75 tons per hour. This brings the group's total installed capacity up by 35.29% to 345 tons per hour from the previous 255 tons. Additionally, the company is investing in a palm kernel oil (CPKO) plant project with a capacity of 300 tons per day, and an Evaporator–Green Project for wastewater evaporation with a capacity of 400 cubic meters per day at the Phanom branch in Surat Thani Province, to create a New S-Curve and further develop the palm industry chain. It is expected that when the projects are fully operational, they will generate additional revenue of more than 1,000 million baht per year, catering to demand in the animal feed, oleochemical, food, cosmetics, and other industries.
SMO signals strong Q3 recovery, invests 130 million baht in new factory
SMO expects its Q3/2026 performance to recover from the previous quarter, benefiting from increased crude palm oil exports as exchange rates stabilize. The company is investing 130 million baht to build a new palm kernel oil production plant with a capacity of 300 tons per day to support future growth. Meanwhile, its bio-power business remains constrained by a PPA quota of 14 megawatts, but the company is ready to compete for new PPAs in 2027 to expand its biomass and biogas capacity across three branches. If approved, this would nearly double its total production capacity.
SMO completes AL capital restructuring with new registered capital of 380 million baht
Somothong Group Public Company Limited, or SMO, announced that its subsidiary A L Palm Company Limited, or AL, has completed a capital restructuring through a capital reduction and an increase in registered capital, in line with the board of directors' resolution. AL registered the capital change with the Department of Business Development, Ministry of Commerce, on 19 August 2026. Following the restructuring, the company has registered capital of 380 million baht, divided into 3.8 million ordinary shares with a par value of 100 baht per share. Previously, SMO had notified the Stock Exchange of Thailand of the capital restructuring plan for AL on 14 May 2026, with the aim of making the subsidiary's capital structure more appropriate.
TQR second quarter 2026 profit surges 48 percent with interim dividend
TQR reported second quarter 2026 net profit up 48.07 percent from the same period last year, and its board approved an interim cash dividend of 0.203 baht per share, with the XD date on 24 August 2026 and payment on 4 September 2026. Thai Eastern Group Holdings received a perfect score of 100 points at the excellent level for the third consecutive year in the 2026 annual general meeting quality assessment. Supalai received a perfect score of 100 points at the excellent level for the fourteenth consecutive year. Samo Thong Group posted second quarter 2026 revenue up 2.48 percent to 3.52 billion baht. North East Rubber announced an interim cash dividend of 0.05 baht per share, with the XD date on 20 August and payment on 4 September.
SMO second-quarter revenue rises 2.48% on surging palm oil prices
Samo Thong Group Public Company Limited, or SMO, reported total revenue for the second quarter of 2026 at 3.52 billion baht, up 2.48% from the same period last year and up 46.67% from the previous quarter, with net profit of 29.56 million baht. Main revenue came from the production and distribution of crude palm oil and related products at 3.47 billion baht, accounting for 98.57% of total revenue, up 3.93% from last year and 47.31% from the previous quarter. The average selling price of crude palm oil was 38.48 baht per kilogram, compared with 33.75 baht last year, while sales volume declined due to lower fresh palm fruit harvests. The Phanom branch plant began commercial operations, increasing production capacity from 75 to 150 tonnes of fresh palm fruit per hour, and subsidiary A L Palm increased from 60 to 75 tonnes, bringing total production capacity at the end of the second quarter to 345 tonnes per hour, up 35.29% from 255 tonnes at the end of the first quarter. The company is constructing a new plant in Chang Sai subdistrict, Phra Phrom district, Nakhon Si Thammarat province, with a maximum investment value of 960 million baht, and expects crude palm oil prices to continue rising in the second half of the year due to strong global demand and Indonesia's B50 diesel policy.
SMO board approves two major projects worth nearly 199 million baht
The board of Somo Thong Group Public Company Limited, or SMO, has approved investment in two major projects worth nearly 199 million baht. They include construction of a crude palm kernel oil, or CPKO, plant with capacity of 300 tonnes per day, with a maximum investment of 130 million baht, at the palm oil factory in Phanom, Surat Thani province, to extend the downstream business from dried palm kernels. The other is installation of a wastewater evaporator with capacity of 400 cubic metres per day, with a maximum value of 68.91 million baht, under an ESG concept to recycle water for reuse and reduce methane emissions, which are about 25 to 28 times more potent than carbon dioxide.
SMO.BK · Capital · Positive Board approves investment in two projects worth nearly 199 million baht, expanding downstream business and ESG initiatives.
SMO invests in palm kernel crushing plant, expects additional annual revenue of 1.5 billion baht
SMO is moving forward with an investment in a palm kernel crushing plant at its Phanom branch, with a capacity of 300 tonnes per day. The plant is expected to begin operations in the second quarter of 2027, producing crude palm kernel oil, or CPKO, to supply the high-margin oleochemical industry with a focus on exports. It is estimated to generate additional annual revenue of 1.5 billion baht once fully operational. At the same time, the company is expanding its base with a new palm oil extraction plant in Nakhon Si Thammarat province, which is currently undergoing land filling and is expected to be completed by the end of 2027. Regarding the current situation, palm fruit prices have surged due to raw material shortages, but the company employs a lean management strategy by shifting palm fruit to ready plants to average out costs, while benefiting from a weaker baht that supports exports. Meanwhile, rainfall that began in late second quarter and continued into early third quarter will boost palm output from late third quarter to early fourth quarter.
SMO updates business direction at Hat Yai investor meeting, points to palm oil trend supported by Indonesia's B50 policy
Samo Thong Group Public Company Limited, or SMO, held a dinner talk seminar for listed company executives to meet investors in Hat Yai district, Songkhla province. Chief Executive Officer Kittiphong Phuangmala, together with Chairman Dr. Somphop Sakdiphanon and Asset Pro Management Company Limited Deputy Managing Director Suriya Thammathira, provided information on SMO's business. They stated that the palm oil industry trend continues to receive support from the bioenergy policies of major producing countries, especially Indonesia, which is preparing to move forward with the use of B50 biodiesel. This will help increase domestic palm oil consumption and reduce export volumes. Meanwhile, Thailand and Malaysia are still considering the promotion of B20 measures. Although global energy prices are beginning to stabilize, geopolitical factors remain a key issue that must be closely monitored.
SMO Welcomes APM for a Visit to the Crude Palm Oil Mill Project in Nakhon Si Thammarat
Mr. Kuson Sripaoraya, Chief Financial Officer of Somothong Group Public Company Limited, or SMO, welcomed Dr. Somphop Sakdiphanon, Chairman of the Board, and Mr. Pharavee Chairukwattana, Deputy Director of Asset Pro Management Company Limited, or APM, on the occasion of their visit to the company's crude palm oil mill construction project in Chang Sai Subdistrict, Phra Phrom District, Nakhon Si Thammarat Province. The visit was made to follow up on construction progress and receive information about the project's operations.
SMO.BK · Supply · Positive Construction progress of crude palm oil mill project is being monitored, indicating advancement towards production capacity.
Thailand