Stocks in the news (ADVANC, GULF, KBANK, LPN, PTT, SMT) 09.10.26
Company news
Advanced Info Service PCL (AIS) is Thailand’s leading digital-life and telecom operator, offering mobile services under the AIS brand, fixed broadband (AIS 3BB Fibre3), enterprise solutions, device sales, entertainment and digital financial services. Majority-owned via Gulf Development. The share closed at THB 334.00 on 9 October 2026 (−1.00 / −0.30% from the prior 335.00), in a 333–337 day range on ~THB 1.58B of value (~4.73m shares), inside the 52-week band of THB 292–410. It is above the 30 December 2025 close of THB 313.00. Multiples at the close are approximately 18.6x TTM earnings and ~10x book. Paid-up capital is ~2.97 billion shares.
| Market Cap (THB): 993.4B | Market Cap (USD): ~$29.61B (at ~THB 33.55/USD) |
| Current Price: THB 334.00 (as of 9 October 2026 close) | 52-Week Range: THB 292.00-410.00 |
| P/E Ratio: 18.6 (TTM) | P/BV: 10.0x |
| Dividend Yield: 5.1% (latest indicated) | Avg Daily Value: THB 1,200M-1,800M |
ADVANC highlights THB50bn digital infrastructure investment ambitions for 2027. AIS outlined plans for approximately THB50bn of investment in 2027, positioning AI and digital infrastructure as important long-term growth drivers. Its CEO also highlighted the potential for AI to generate THB500bn in economic value for Thailand by 2027
Comment: “Uncle S want’s another personal golf course”
Gulf Development PCL (post-1 April 2025 amalgamation) is a major Thai energy, infrastructure and digital holding company, primarily generating and selling electricity and steam (gas-fired, solar, biomass and wind) to public and private clients in Thailand and abroad. The share closed at THB 60.00 on 9 October 2026 (+0.75 / +1.27% from the prior 59.25), in a 59.50–61.00 day range on substantial volume, inside the 52-week band of THB 39.75–68.50. It is well above the 30 December 2025 close of THB 41.75. Multiples at the close are approximately 12.0x TTM (core) earnings and ~2.8x book. Paid-up capital is 14.94 billion shares.
| Market Cap (THB): 896.4B | Market Cap (USD): ~$26.72B (at ~THB 33.55/USD) |
| Current Price: THB 60.00 (as of 9 October 2026 close) | 52-Week Range: THB 39.75-68.50 |
| P/E Ratio: 12.0 (TTM) | P/BV: 2.84x |
| Dividend Yield: 5.4% (SET indicated DPS ~3.25) | Avg Daily Value: THB 2,500M-4,000M |
GULF warns electricity costs and regulation could undermine Thailand’s data-centre competitiveness. GULF views data centres as essential infrastructure for the digital economy but cautions that high electricity tariffs and restrictive regulations could divert investment to regional competitors, particularly Malaysia.
Comment: see above
Kasikornbank PCL is one of Thailand’s largest commercial banks, providing retail, corporate, SME and investment banking services, with a strong digital banking franchise. The share closed at THB 228.00 on 9 October 2026 (−2.00 / −0.87% from the prior 230.00), in a 226–230 day range on ~THB 5.05B of value (~22.2m shares), inside the 52-week band of THB 165.50–261.00. It is above the 30 December 2025 close of THB 194.50. Multiples at the close are approximately 10.8x TTM earnings and 0.97x book. Paid-up capital is ~2.35 billion shares.
| Market Cap (THB): 535.8B | Market Cap (USD): ~$15.97B (at ~THB 33.55/USD) |
| Current Price: THB 228.00 (as of 9 October 2026 close) | 52-Week Range: THB 165.50-261.00 |
| P/E Ratio: 10.8 (TTM) | P/BV: 0.97x |
| Dividend Yield: 5.3% (latest indicated) | Avg Daily Value: THB 2,000M-3,500M |
KBANK CEO calls for a fundamental shift in Thailand’s economic mindset. Kattiya Indaravijaya, CEO of KBANK, warned that Thailand can no longer rely on traditional approaches in a rapidly changing global economy, calling for the country to overcome its “mindset trap” and accelerate structural transformation.
Comment: See above
L.P.N. Development PCL is a Thai urban residential developer focused on condominiums and related services in the Bangkok area. The share closed at THB 1.57 on 9 October 2026 (unchanged from recent levels), inside the 52-week band of THB 1.46–1.75. It is above the 30 December 2025 close of THB 1.43. TTM results show a small loss; multiples at the close are n.a. for P/E and ~0.19x book. Dividend yield is ~6.4% on the latest indicated. Paid-up capital is ~1.38 billion shares.
| Market Cap (THB): 2.17B | Market Cap (USD): ~$0.065B (at ~THB 33.55/USD) |
| Current Price: THB 1.57 (as of 9 October 2026 close) | 52-Week Range: THB 1.46-1.75 |
| P/E Ratio: n.a. (TTM loss) | P/BV: 0.19x |
| Dividend Yield: 6.4% (latest indicated) | Avg Daily Value: THB 0.5M-2M |
LPN — Filed a draft registration statement with the SEC today. No size or instrument in the wire yet.
PTT PCL is Thailand’s national integrated energy company, active in oil, gas, petrochemicals, retail and related infrastructure. The share closed at THB 40.00 on 9 October 2026 (unchanged from the prior close), inside the 52-week band of THB 30.00–43.75. It is well above the 30 December 2025 close of THB 32.00. Multiples at the close are approximately 9.3x TTM earnings and 1.0x book. Dividend yield is ~6.5% (trailing) / higher forward. Paid-up capital is 28.32 billion shares.
| Market Cap (THB): 1,132.8B | Market Cap (USD): ~$33.76B (at ~THB 33.55/USD) |
| Current Price: THB 40.00 (as of 9 October 2026 close) | 52-Week Range: THB 30.00-43.75 |
| P/E Ratio: 9.3 (TTM) | P/BV: 1.00x |
| Dividend Yield: 6.5% (latest indicated) | Avg Daily Value: THB 3,000M-5,000M |
PTT highlights infrastructure investment as a potential catalyst for higher GDP growth. PTT sees an opportunity for Thailand to achieve GDP growth above 5% if the country can mobilise a major new wave of infrastructure investment.
Comment: PTT Group should get off their butts and start putting capital to work in the country. The TOP CFP project was first spoken announced in…2009? PTTGC’s project was…2011?
Stars Microelectronics (Thailand) PCL is an electronics manufacturing services (EMS) and semiconductor assembly/test company. The share closed at THB 7.50 on 9 October 2026 (+0.30 / +4.17% from the prior 7.20), in a 7.00–7.55 day range on high volume, inside the 52-week band of THB 1.06–7.70. It has surged from the 30 December 2025 close of THB 1.07. TTM results show a small loss; multiples at the close are n.a. for P/E and ~3.0x book. Dividend yield is ~0.4%. Paid-up capital is ~813 million shares.
| Market Cap (THB): 6.10B | Market Cap (USD): ~$0.182B (at ~THB 33.55/USD) |
| Current Price: THB 7.50 (as of 9 October 2026 close) | 52-Week Range: THB 1.06-7.70 |
| P/E Ratio: n.a. (TTM loss) | P/BV: 3.0x |
| Dividend Yield: 0.4% (latest indicated) | Avg Daily Value: THB 100M-300M |
SMT — SET put it on Level 1 cash-balance from 12 to 30 Oct. Trading-surveillance measure, not an operating filing.
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| ADVANC.BK | $29.61B | 334.00 | 18.6 | 10.0x | 5.1% | ▲ +6.7% | View → |
| GULF.BK | $26.72B | 60.00 | 12.0 | 2.84x | 5.4% | ▲ +43.7% | View → |
| KBANK.BK | $15.97B | 228.00 | 10.8 | 0.97x | 5.3% | ▲ +17.2% | View → |
| LPN.BK | $0.065B | 1.57 | n.a. | 0.19x | 6.4% | ▲ +9.8% | View → |
| PTT.BK | $33.76B | 40.00 | 9.3 | 1.00x | 6.5% | ▲ +25.0% | View → |
| SMT.BK | $0.182B | 7.50 | n.a. | 3.0x | 0.4% | ▲ +600.9% | View → |
Corporate events
XD today — only the foreign DRs (AXP, ICBC, MA, MRVL, ORCL). No Thai common.
Pays today — nothing material on the common board.
Still open — BIS tender at ฿1.27 through 3 Nov. PTT treasury sale through 12 Oct. MAJOR buyback window is open. STPI rights 29 Oct–4 Nov at ฿5.55. ROH rights 20–27 Oct at ฿0.60. SPCG settlement is 12 Oct.
Market chatter
(not filings)
SET — Closed yesterday at 1,570.61, down 14.02 on ฿63.6bn. Big-cap offer across the board. Foreigners sold about ฿117m today. Support 1,553–1,564, resistance 1,578–1,590.
Please give this Somtum Waffle a tip 🙏🧇
Leave a tip