SINGER swings to profit, brokers raise targets on Lock Phone growth
Q2 profit surge and broker upgrade SINGER reported Q2 2026 net profit of 149 million baht, up 1,095% from a year earlier, driven by higher sales and interest income. Phillip Securities raised its target to 14 baht with a buy rating, citing lower provisioning and strong Lock Phone loan growth. This directly boosts investor confidence and the stock price.
This is the core earnings event that triggered the period's positive momentum.
JMART group synergy and Lock Phone expansion JMART's strong Q2 results and plans to expand Lock Phone lending across its ecosystem, including SINGER, highlight SINGER's role in a growing high-yield loan business. SINGER is also preparing new lock appliance products for September, which should support future revenue and profit.
Shows SINGER benefits from group strategy and new product launches, driving future growth expectations.
Yuanta Buy rating and raised forecasts Yuanta rated SINGER a Buy with a 13.70 baht target, raising 2026/27 profit forecasts by 6.8%/4.9% on strong Q3 outlook. It expects 2026 net profit to surge 516% YoY, driven by accelerating product sales and Lock Phone disbursements, and sees the recent share price dip as a buying opportunity.
This is a fresh analyst upgrade that reinforces the positive earnings trajectory and addresses recent price weakness.
Portfolio restructuring and dividend potential SINGER-SGC is clearing accumulated losses to unlock future dividends after SGC's eight consecutive profitable quarters. The sale of the vehicle registration pledge loan portfolio in Q4 2026 will shift focus to higher-yielding Lock Phone loans, improving profitability and reducing regulatory risk.
This structural change improves capital returns and reduces risk, supporting long-term valuation.