Stocks in the news (advanc, anan, bcp, crc, bch, hmpro, top, whaup) 16.03.26Â
Advanced Info Service Public Company Limited is Thailand’s leading digital life service provider. The company operates core businesses in mobile telecommunications, high-speed home broadband via AIS Fibre, and digital services including cloud, IoT, and enterprise solutions, maintaining the largest subscriber base and network coverage in the country.
ADVANC: The Co’s CEO unveils a path to soaring growth, leveraging AI to drive 5G and broadband expansion. It also aims to increase its AI-powered 5G and broadband segments to 45-50% this year, boosting ARPU. Broadband growth is fully driven by the WFH trend. The strategy focuses on intelligent infrastructure, integrating entertainment, retail, and financial platforms into the network. The management notes that its past debt-to-equity structure has been insufficient, and plans to increase ROE (Return on Equity).
Comment: I can’t wait to see Starlink overtake AIS and TRUE as ISPs
Ananda Development Public Company Limited is a prominent Thai real estate developer specializing in urban residential projects, particularly high-rise condominiums located near mass transit stations in Bangkok. The company focuses on “Urban Living Solutions” to provide convenience and quality of life for city dwellers.
ANAN plans to launch only 2 condos this year, one near Chulalongkorn University and the other one in Saphan Khwai where both located on existing land bank, will redesign and rebuild some of low-rise units to better match market demand.
Comment: Is he still smoking too much weed? This company still has that ridiculous Porsche condo to start construction.
Bangchak Corporation Public Company Limited is an integrated energy company operating a world-class refinery and a nationwide network of service stations. Its business spans oil refining, marketing, green power generation through BCPG, and bio-based products, with an increasing focus on sustainable energy and transition technology.
BCP: The management announced it will proceed with the sale of E85, a cost-effective alternative energy source, and expand self-service stations to reduce the burden on car owners.
Comment: And what about the dodgy shareholders?
Central Retail Corporation Public Company Limited is the retail leader in Thailand, Vietnam, and Italy. Operating across multi-format platforms including Food, Fashion, and Hardline (home improvement), its portfolio features prominent brands such as Central Department Store, Robinson, Tops, and Thai Watsadu.
CRC – Opp.day key takes: management guides decent growth for 2026 EBITDA at 5-7% with CAPEX at Bt16-18bn for 22-26 new branches in TH and VN.
Comment: Ballsy…I still think that this management team is too aggressive. And when they step down the company will have several write off’s to take.Â
Bangkok Chain Hospital Public Company Limited operates a leading private hospital network in Thailand under the World Medical Hospital, Kasemrad International, Kasemrad, and Karunvej brands. The group serves a wide demographic, including premium cash patients and those under the government’s Social Security scheme.
BCH – Opp.day key takes: management guides 2026 revenue growth at +5%, mainly from SS domestic patients. Historically, Kuwaiti patients were a meaningful contributor to hospital revenue In 2023, Kuwait accounted for 6.1% of BCH’s revenue, 5.3% for BH, and 0.7% for BDMS, but this has since declined to below 1% for all 3.
Comment: No major hospital group in Thailand will show earnings growth w/o the arabs.
Home Product Center Public Company Limited is Thailand’s leading home improvement retailer. Operating under the “HomePro” and “Mega Home” brands, the company offers a comprehensive range of goods and services for home construction, renovation, and decoration, with a growing presence in Malaysia and Vietnam.
HMPRO – Opp.day key takes: management. guides small growth for 2026 revenue / SSSG +0-1% / CAPEX of Bt6.7bn to expand 10 additional branches. 1Q26 to remain weak with no catalyst to help with SSSG.
Comment: We all wonder if/when SSSG picks up for this company.
Thai Oil Public Company Limited is the largest oil refinery in Thailand. As a member of the PTT Group, it operates a high-complexity refinery and produces a wide range of petroleum and petrochemical products, including lube base oil and paraxylene, while expanding into the power and clean energy sectors.
TOP made a purchase of north sea crude from Trafigura, the first time purchase since 2019 as part of alternatives to middle east supplies that were stuck in the Persian gulf.
Comment: Traders are making bank.
WHA Utilities and Power Public Company Limited provides integrated utilities and power services primarily within WHA Group’s industrial estates. Its core businesses include water management (raw water, industrial water, and wastewater treatment) and power generation through both conventional and renewable energy projects.
WHAUP signed MOU with Apex Circuit (TH) to joint develop 17mw solar projects and sell via direct PPA and/or third party access scheme.