Union Pioneer Public Company Limited (UPF) is a Thai company listed on the Stock Exchange of Thailand, primarily engaged in the production and distribution of finished elastic products. Founded in 1973, the company manufactures a variety of elastic products, including rubber threads, tapes, braids, webbing, and other elastics used in industries like textiles, medical devices, and disposable products, such as diapers and face masks​

Financial Performance

As of 2023, Union Pioneer reported a decrease in revenue by approximately 15.36%, down to THB 558.7 million compared to the previous year’s THB 660 million. The company's earnings were significantly affected, with a 69.77% drop in net income to THB 6.52 million. This decline highlights some of the challenges faced by the company, particularly in a highly competitive and fluctuating global market​

The company’s stock has seen some volatility, with its price fluctuating between THB 29 and THB 40 over the past 52 weeks. On the positive side, it offers a dividend yield of around 2.46%, which can appeal to income-focused investors​

Market Position and Outlook

UPF operates not only in Thailand but also exports to international markets, including the United States. Despite the challenges faced by the company in recent years, it continues to be a significant player in the elastic manufacturing sector​

However, investors should be cautious about its recent financial struggles and monitor its efforts to rebound from the recent downturn.

Given the volatility in its financial performance, Union Pioneer’s stock may appeal to investors who are looking for value opportunities in a diversified industrial sector, but potential buyers should also consider the risks associated with its declining revenue and earnings​ shutdown123