Stocks in the news (advanc, aot, cpall, gulf, true) 03.07.26
Thailand’s largest mobile telecommunications provider with dominant market share in postpaid and prepaid segments. Operates advanced 5G network and delivers digital services, broadband, and enterprise solutions under the AIS brand.
| Market Cap (THB) | 1,094.5 billion |
| Market Cap (USD) | 32.87 billion |
| Current Price | 368.00 THB |
| 52-Week Range | 277.00 – 410.00 THB |
| P/E (TTM) | 21.5 |
| P/BV | 8.96 |
| Dividend Yield | 4.63% |
| Avg Daily Value | 2,822 million THB |
Current: 368.00 THB
ADVANC: Thailand has launched the Thailand AI Readiness Index (TARI) through a collaboration between the government, AIS Academy and IRIS Consulting. The framework is designed to help organisations assess AI capabilities across strategy, technology, data and talent, supporting the country’s broader digital transformation agenda.
Comment: This country has a ridiculous amount of Thailand but it’s rarely tapped…
Thailand’s dominant airport operator managing Suvarnabhumi, Don Mueang and regional airports. Benefits from strong tourism recovery, rising international passenger traffic and long-term aviation growth across ASEAN.
| Market Cap (THB) | 925.0 billion |
| Market Cap (USD) | 27.78 billion |
| Current Price | 64.50 THB |
| 52-Week Range | 29.75 – 65.00 THB |
| P/E (TTM) | 51.0 |
| P/BV | 7.13 |
| Dividend Yield | 1.27% |
| Avg Daily Value | 2,000 million THB |
Current: 64.50 THB
AOT: Management expects winter flight movements to grow around 2%, supporting passenger traffic of 128.5–129.0 million despite higher passenger service charges. Growth is expected to be supported by stronger travel demand, expanded flight rights and continued growth in non-aeronautical businesses, including ground handling and cargo services.
Comment: Passengers figures are going to be higher than expected.
Operates Thailand’s largest convenience store network with over 14,000 7-Eleven outlets. Also manages wholesale, food services and other retail formats under the CP Group ecosystem with strong everyday consumer demand exposure.
| Market Cap (THB) | 430.0 billion |
| Market Cap (USD) | 12.91 billion |
| Current Price | 48.50 THB |
| 52-Week Range | 40.50 – 54.50 THB |
| P/E (TTM) | 14.7 |
| P/BV | 2.81 |
| Dividend Yield | 3.40% |
| Avg Daily Value | 2,425 million THB |
Current: 48.50 THB
CPALL / EEC: The Eastern Economic Corridor Office will meet on 15 July to decide whether to amend or terminate the contract for the high-speed rail project linking three airports with the CP Group. If negotiations fail, the project could be re-tendered or alternative development options considered, making the meeting an important catalyst for the project.
Comment: Everyone knows that the CP group can’t pay for this…and the delay of this results in less capex into the economy.
Major Thai energy and infrastructure player focused on power generation (gas-fired and renewables), gas supply chain and utilities. Expanding footprint in regional renewables, data centers and energy transition projects.
| Market Cap (THB) | 941.0 billion |
| Market Cap (USD) | 28.26 billion |
| Current Price | 63.00 THB |
| 52-Week Range | 39.50 – 68.50 THB |
| P/E (TTM) | 35.5 |
| P/BV | 2.65 |
| Dividend Yield | 1.67% |
| Avg Daily Value | 3,780 million THB |
Current: 63.00 THB
GULF: GULF increased its offshore syndicated term loan facility to US$600mn after exercising a US$200mn greenshoe option on top of the original US$400mn facility. The financing, arranged by DBS, Mizuho, MUFG, SMBC, Natixis and UOB, further diversifies the company’s funding sources, enhances financial flexibility and supports its long-term investment pipeline.
Comment: Holy moly. Now it’s just funny money.
Integrated telecommunications and media company offering mobile (TrueMove H), broadband internet, pay-TV and digital services. Formed after the merger of True and DTAC, competing in Thailand’s converged telecom market.
| Market Cap (THB) | 449.0 billion |
| Market Cap (USD) | 13.48 billion |
| Current Price | 13.00 THB |
| 52-Week Range | 10.10 – 15.00 THB |
| P/E (TTM) | 31.5 |
| P/BV | 2.40 |
| Dividend Yield | 3.46% |
| Avg Daily Value | 2,210 million THB |
Current: 13.00 THB
TRUE: A new major shareholder has emerged in TRUE following a sizeable UBS-arranged block transaction. According to SEC filings, Supaporn Pimpong increased her stake to 7.10% after acquiring an additional 3.22% interest, making her one of the company’s largest shareholders. The sizeable investment has attracted market attention given the limited publicly available information regarding the investor, with the market likely to monitor for any further disclosures on the investment’s nature and implications for TRUE’s shareholder base.
Comment: Everyone is trying to figure out who this magical new shareholder is. My conspiracy theory – a mia noi that isn’t family related and therefore can’t be put under the single lender limit to the group by any of the financial institutions