WICE Logistics PCL

WICE Logistics Public Company Limited (WICE) expects the logistics business trend in the second half of 2026 to continue growing, supported by increased sea, air, and cross-border transport volumes, particularly demand from the AI industry and the relocation of production bases from China to Thailand, which is driving the automotive and electronics industries to start operations and export. Meanwhile, freight rates remain at high levels, helping to support revenue and average profit margins of 15-20%. Mr. Chudech Kongsuntorn, Managing Director of the Group Business Development division, revealed that the company's overseas office network is a strength, and it focuses on cost management both with customers and by improving transport efficiency. For the first half performance, it grew about 22%, and the company targets 2026 revenue growth of 15%, but there is an opportunity to achieve higher than the target.

The Q2/2026 results of the transport and logistics group, comprising SJWD, ANI, III, and WICE, reflect a significant recovery. ANI posted a net profit of 261.7 million baht, up 92.5% year-on-year and 130.6% quarter-on-quarter. III's net profit was 140.9 million baht, up 91.6% year-on-year. SJWD reported revenue of 7,064.8 million baht and net profit of 463.5 million baht, up 64.0%. WICE's net profit was 29.0 million baht, up 24.8%. For the first half, SJWD had total revenue of 13,397.0 million baht and net profit of 739.9 million baht, up 14.2%. ANI had revenue of 3,882.4 million baht and net profit of 375.2 million baht, up 36.9%. III had revenue of 1,330.5 million baht and net profit of 235.9 million baht, up 29.5%. WICE had revenue of 2,800.9 million baht and net profit of 48.3 million baht, down 39.2%. III had the highest net profit margin at 17.7% and the lowest P/E at 9.2 times, while ANI had the highest dividend yield at 5.6%.

SUSCO Public Company Limited (SUSCO) announced an interim dividend of 0.10 baht per share, with the XD date set for September 10, 2026, and payment on September 25, 2026. Management indicated that the second-half plan focuses on expanding branches and developing fuel stations through the SUSCO SQUARE concept to generate long-term revenue. The BYD and DENZA electric vehicle businesses, as well as the leasing business, are showing positive prospects. Meanwhile, Global Green Chemicals Public Company Limited (GGC) signed a memorandum of understanding with CP AXTRA to study the feasibility of collecting used cooking oil from branches and networks to refine and create new value, supporting a low-carbon economy. Additionally, WICE Logistics Public Company Limited (WICE) received a perfect score of 100 in the evaluation of its 2026 annual general meeting quality, reflecting its service potential and further development of supply chain solutions.

WICE Logistics has announced its plan for the second half of 2026, focusing on expanding its customer network and regional trade routes, while strengthening its capabilities to penetrate the US market in response to international transport demand. The company targets a 15% growth in total revenue this year, following first-half revenue of 2,801 million baht and net profit of 48 million baht. Meanwhile, its sea and air freight businesses have seen a continuous increase in volume, reflecting sustained demand for international transport, particularly on routes to the US. In its supply chain solutions business, the company has expanded its service area to 158,020 square meters and launched new services such as On-site Manufacturing Support Logistics for the agricultural sector, Foods Ingredient GMP Warehouse, Domestic Distribution, and 4PL services to enhance comprehensive capabilities. Additionally, it is advancing its JUMP+ plan, which leverages AI to develop a customer management platform and automated cost data analysis, as well as developing a Centralized Digital Infrastructure to elevate revenue quality and long-term competitiveness.

Several Thai listed companies announced business updates at the same time. GULF disclosed that three joint ventures signed project loan agreements totaling no more than 8.6 billion baht with a 22-year tenor to develop three wind power projects with combined capacity of 208 megawatts. Commercial operation dates are expected to be phased in during 2027, with 25-year power purchase agreements with EGAT. Meanwhile, SCGP is spending 9.846 billion baht through Siam Kraft Industry Company Limited, a wholly owned subsidiary, to expand gypsum board paper production capacity in Kanchanaburi province by another 400,000 tonnes per year, with commercial operations expected in the fourth quarter of 2028. MPJ reported second-quarter 2026 net profit of 51.1 million baht, up 69.2 percent, and first-half profit of 74.8 million baht, up 25.1 percent, while maintaining this year's revenue target of 1.264 billion baht, growth of 18 percent, and preparing capital spending of more than 1.14 billion baht over the next two to three years, including expanding its Laem Chabang container yard by another 28 rai, with service expected to begin in the second quarter of 2027. SUPER signed a long-term credit facility with the Bank for Investment and Development of Vietnam worth 8.3 trillion dong, or about 1.065 billion baht, to support phase one of the Soc Trang Wind Power Plant with capacity of 30 megawatts. The loan has a 15-year tenor. WICE unveiled its second-half 2026 strategy, moving forward with expanding its customer network and regional trade routes, while also entering the US market and expanding its service area to 158,020 square metres.

The Thai stock market closed at 1,609.06 points, down 5.30 points or 0.33%, with turnover of 81.76 billion baht. TKC reported second-quarter 2026 profit of 87.38 million baht, up 348%, and total revenue of 1.03 billion baht, up 148.67%, driven by the national learning management platform development project and the expansion of central government cloud services, with a backlog of 3.35 billion baht. The board of SO approved an interim dividend for the first six months of 2026 at 0.18 baht per share, with the stock trading ex-dividend on 27 August 2026 and payment on 10 September 2026, after total revenue of 1.43 billion baht and net profit of 102.92 million baht. WICE reported first-half service revenue of 2.8 billion baht, up 22.4%, and net profit of 48 million baht. Mono Streaming, a subsidiary of MONO, has chosen the AWS Asia Pacific Thailand Region to upgrade the infrastructure of its Monomax platform, which has more than 4 million registered users, in preparation for 4K streaming of the 2026/27 Premier League football season.

Wice Logistics Public Company Limited, or WICE, reported first-half 2026 results with service revenue of 2.801 billion baht, up 22.4% from the same period last year, and net profit of 48 million baht. Both import and export freight volumes continued to grow, reflecting still-solid demand for logistics services despite pressure from higher fuel costs. The company has accelerated service price adjustments with nearly all customers since April and is moving forward with strict internal cost management, including managing inbound and outbound trips, so that profitability improves in line with growing volumes.