Stocks in the news (aav, cpn, gland, delta, ptt, thai, thcom) 19.01.26
Asia Aviation Public Company Limited (AAV) is a Thai holding company and the sole shareholder of Thai AirAsia, a leading low-cost carrier headquartered in Bangkok. The company operates through two main segments: Scheduled Flight Operations and Charter Flight Operations, serving 17 countries with 91 routes from operational hubs in Don Mueang, Suvarnabhumi, Phuket, and Chiang Mai.
Key Metrics: Market Cap: THB 15.93B, P/E: 15.25, Dividend Yield: N/A
View full analysis on Perplexity Finance →AAV: Market chatter points to a group of investors announcing a tender offer for all AAV shares this week at an estimated price of THB1.38/share. There is also potential for a future AAV–Thai AirAsia X merger, which would combine short- and long-haul operations and strengthen Thailand’s positioning as an aviation hub
Comment: Could be an explanation for why the stock price hasn’t gone anywhere.
Central Pattana Public Company Limited is Thailand’s largest retail property development and investment company, operating as a key business unit under the Central Group. The company specializes in developing and managing a diversified portfolio of real estate assets including shopping centers, office buildings, residential properties, hotels, and entertainment facilities across Thailand and Malaysia, with shopping centers accounting for over 80% of total revenue.
Key Metrics: Market Cap: THB 258.06B, P/E: 14.51, Dividend Yield: 3.64%
View full analysis on Perplexity Finance →Grand Canal Land Public Company Limited is a Thailand-based real estate developer operating through two main business segments: Real Estate for Sale (developing residential condominiums, land, and housing projects) and Real Estate for Rental and Service (office building rentals, hotel operations, and investment management services). As a subsidiary of CPN Pattaya Company Limited, Grand Canal Land has established itself in Thailand’s competitive real estate services sector, though currently not actively trading on the Stock Exchange of Thailand.
Key Metrics: Market Cap: THB 4.81B, P/E: 9.25, Dividend Yield: 3.38%
View full analysis on Perplexity Finance →CPN–GLAND JV: Bayswater Co., Ltd. (BWT), the JV between CPN and GLAND, secured a THB6.5bn long-term facility from BAY for its flagship mixed-use project near Central Ladprao. The 49-rai development (c. 460k sqm GBA) is valued at THB21bn and scheduled to open in 4Q26.
Comment: Been a long time coming, now could CPN one day get rid of Central Ladprao and not have to pay the THB 1 bn annual lease.
CPN: Appointed Chanavat Uahwatanasakul as President and CEO, replacing Wallaya Chirathivat, who will retire effective 1 May 2026. Wallaya will remain a director of the company.
Comment: It’s still a family member running the shop.
Delta Electronics (Thailand) Public Company Limited is Thailand’s largest electronics manufacturer, operating through four main segments: Power Electronics, Mobility, Infrastructure, and Automation. The company manufactures a comprehensive range of electronic products including power supplies, DC brushless fans, thermal management solutions, EV charging systems, and data center infrastructure, serving Southeast Asia, Oceania, and India.
Key Metrics: Market Cap: THB 2.09T, P/E: 106.60, Dividend Yield: 0.27%
View full analysis on Perplexity Finance →DELTA: Management unveiled its 2026 business plan, targeting 15–20% revenue growth. The company will expand its Bangpoo Industrial Estate footprint with three new plants to support growth. Gross profit margin is guided at ≥27–28%, driven by rising contribution from high-margin AI-related products.
Comment: It’s just amusing that DELTA Taiwan is trading cheaper than DELTA Thailand w/ the same growth outlook. And that’s in a market where every Semicon is bid to the moon.
PTT Public Company Limited is Thailand’s leading integrated oil and gas company, operating as a fully integrated energy conglomerate engaged in upstream petroleum and natural gas exploration, midstream gas procurement and pipeline transmission, downstream petroleum refining and marketing, petrochemicals, power generation, and renewable energy ventures including Café Amazon coffee chain throughout Southeast Asia.
Key Metrics: Market Cap: THB 941.78B, P/E: 12.89, Dividend Yield: 6.62%
View full analysis on Perplexity Finance →PTT: Expects to book ~THB8bn in gains from the disposal of a 2% stake in Lotus Pharmaceutical (Taiwan) by end-July (source: Mitihoon).
Comment: Wow this SOE actually made $ on an investment…but it speaks to the broader trend of Thai conglos/SOEs selling off non-core assets and bringing capital back home
Thai Airways International Public Company Limited is Thailand’s flag carrier airline, providing comprehensive air transportation services across three business segments: passenger, freight, and mail services. The company operates from its main hub at Suvarnabhumi Airport, serving 30 countries with a fleet of 79 aircraft, having successfully completed its business rehabilitation plan in 2024 with strengthened financials including THB 152 billion in cash reserves.
Key Metrics: Market Cap: THB 203.78B, P/E: N/A, Dividend Yield: N/A
View full analysis on Perplexity Finance →THAI: Thai Airways will unveil its new Airbus A321neo as part of its short- and medium-haul fleet modernisation. Regular service is scheduled for 22 Jan–28 Mar on routes including Phuket, Singapore, and Delhi. Business Class (Royal Silk) features 16 seats with fully flat beds and a 17.3-inch IFE, while Economy offers 159 seats in a 3–3 layout with 13.3-inch IFE.
Comment: Everyone’s just waiting for the political noise to end and then SET50 and back to mid-teens, perhaps…
Thaicom Public Company Limited is a leading Asian satellite operator providing integrated satellite communications services. The company operates through three main business segments: Satellite Business Services, Internet and Media Services, and Telephone Network, offering transponder services, broadband connectivity, broadcasting television, and telecommunications solutions across Thailand, Australia, India, Japan, Myanmar, Malaysia, Singapore, and other international markets.
Key Metrics: Market Cap: THB 9.70B, P/E: 98.33, Dividend Yield: N/A
View full analysis on Perplexity Finance →THCOM: Sees a FY29 turnaround driven by revenue from THCOM 9 (launch scheduled for 2Q26), upside from USO broadband Phase 3, and optionality from potential entry into the defense segment, including assault drones, drone locators, and C-UAS solutions.
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