Business Overview
A company distributing consumer products and acting as a product distributor (Total Solution Provider), with core businesses including:
1) Distribution of products under the company's brand,
2) Acting as a product distributor, and
3) Joint venture business
Financial Statement
| 3M26 | 3M25 | 2025 | 2024 |
|---|
Income Statement (MB)
| Revenues | 226.25 | 222.37 | 903.80 | 824.75 |
| Expenses | 219.22 | 214.75 | 885.40 | 816.62 |
| Net Profit (Loss) | 20.63 | 14.79 | 58.69 | 35.02 |
Balance Sheet (MB)
| Assets | 1,324.68 | 1,322.20 | 1,308.56 | 1,278.76 |
| Liabilities | 276.89 | 283.79 | 282.80 | 254.01 |
| Shareholders' Equity | 1,047.79 | 1,038.41 | 1,025.76 | 1,024.75 |
Cash Flow (MB)
| Operating | -2.01 | 25.05 | 22.40 | -10.77 |
| Investing | 30.46 | 189.95 | 105.52 | 119.35 |
| Financing | -1.15 | -2.84 | -73.19 | -83.62 |
Financial Ratio
| EPS (Baht) | 0.06 | 0.04 | 0.18 | 0.10 |
| GP Margin (%) | 43.15 | 44.74 | 44.42 | 42.70 |
| NP Margin (%) | 9.12 | 6.65 | 6.49 | 4.25 |
| D/E Ratio (x) | 0.26 | 0.27 | 0.28 | 0.25 |
| ROE (%) | 6.19 | 3.76 | 5.72 | 3.35 |
| ROA (%) | 5.22 | 3.25 | 4.90 | 2.90 |
Business Plan
The Company has growth plans aligned with evolving consumer behavior and new lifestyles, expanding its business into the Health and Wellness product group. The objective is to provide a good quality of life for every family by carefully selecting the best for all ages, leveraging its expertise in developing products that meet consumer needs, as well as in marketing and distribution both domestically and internationally.
Sustainable Development Plan
Business Highlight
- The company has investments in associated companies, namely Thai Pigeon Co., Ltd. (47% stake), Pigeon Industries (Thailand) Co., Ltd. (2.5% stake), Yoshino Mung Pattana (Thailand) Co., Ltd. (6% stake), and JSW Asset Co., Ltd. (26% stake).
- Expand sales channels to digital platforms.
- Develop new products in the Health & Wellness category.
Performance and Analysis
Business Performance Summary
Sales growth: Products in the four distribution categories showed good growth, with new products added to the portfolio, resulting in a 2.8% increase in sales, particularly through online channels.
Gross profit increased due to product mix management, with an emphasis on high-margin products.
Net profit increased by 39.5% compared to the previous year, resulting from sales meeting targets, effective cost management, and an increase in profit sharing from associated companies.
Key Milestones
2009 Listed on the mai stock exchange 2017 Appointed as the distributor for Pigeon products in Laos 2018 Expanded business into E-Commerce channel (Moongshop.com) under the company's platform 2020-Present Expanded into international markets in Cambodia and Myanmar, and diversified into the Health and Wellness product group, launching new healthy food and beverage products, including sugar-free herbal drink (Jub Liang) under the BAO brand. 2025 Invested in JSW Asset Co., Ltd. (26% stake), an importer and distributor of cosmetics and skincare products from South Korea.
Risk Management Policy
Risk from economic slowdown: The company focuses on expanding new distribution channels both domestically and internationally, particularly in the CLMV group and E-Commerce channels, which show significant growth trends. Risk from rapidly changing consumer behavior: The company must therefore adjust its strategies, including various information technology systems, to align with these changes. The company has allocated various budgets to support the growth of online sales channels, covering multiple platforms such as its own website, marketplaces, and collaborations with partners and retailers who have increased online sales, resulting in significant growth in the proportion of online channels over the past two years.
Recent Awards and Recognitions
The Best CEO of companies listed on the mai, by SET Awards 2019; The Company's Outstanding Performance Awards, SET Awards 2019; The Outstanding Best Investor Relations Awards, SET Awards 2022; The Outstanding Best Investor Relations Awards, SET Awards 2023; The Outstanding Best Investor Relations Awards, SET Awards 2025
Revenue Structure
Stock Information
mai / CONSUMP
| as of 31/03/26 | MOONG | CONSUMP | mai |
|---|---|---|---|
| P/E (X) | 12.82 | 38.96 | 398.41 |
| P/BV (X) | 0.73 | 0.88 | 1.12 |
| Dividend yield (%) | 10.08 | 4.41 | 3.69 |
| 31/03/26 | 30/12/25 | 30/12/24 | |
|---|---|---|---|
| Market Cap (MB) | 769.38 | 708.64 | 701.89 |
| Price (B/Share) | 2.28 | 2.10 | 2.08 |
| P/E (X) | 12.82 | 14.01 | 19.64 |
| P/BV (X) | 0.73 | 0.69 | 0.67 |
CG Report:
Major Shareholders
as of 12/03/2026
Company Information and Contact
http://www.moongpattana.com
0-2020-8999
No. 2/97-104 18th-19th Floor, Bangna Complex Office Tower, Soi Bangna-Trad 25, Bangna-Trad Road, Bang Na Nuea, Bangna Bangkok 10260
Other Trading Info. :
https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=MOONG
Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel.
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