Stocks in the news (advanc, gulf, mmm, sjwd) 04.09.26
Company news
Advanced Info Service PCL (AIS) is Thailand’s largest mobile operator, spanning prepaid/postpaid wireless, fixed broadband, enterprise ICT and device sales. The name is the telecom cash-flow engine inside the post-amalgamation Gulf–Intouch group; earnings are driven by mobile ARPU and broadband net-adds, with a high payout and a premium P/BV versus SET telco peers after the 2026 rerating from the December 2025 close.
| Market Cap (THB): 1,029.00B | Market Cap (USD): ~$31.26B (at ~THB 32.92/USD) |
| Current Price: THB 346.00 (as of 4 September 2026 last sale) | 52-Week Range: THB 288.00-410.00 |
| P/E Ratio: 19.3 (TTM) | P/BV: 9.54x |
| Dividend Yield: 5.1% (latest indicated) | Avg Daily Value: THB 1.5B-3.0B |
ADVANC: Defence Ministry, AIS and DGA to strengthen digital/AI literacy and Digital Defense capabilities
Gulf Development PCL is Thailand’s leading independent power producer after the Gulf–Intouch amalgamation, owning gas-fired IPP/SPP plants, LNG and a growing renewable book, plus a strategic stake in ADVANC. Earnings mix gas-spread power cash flow with telecom associate income; the 2026 rerating reflects both the combination and a firmer power and infra bid, even after a pullback from the late-August highs.
| Market Cap (THB): 922.55B | Market Cap (USD): ~$28.02B (at ~THB 32.92/USD) |
| Current Price: THB 61.75 (as of 4 September 2026 last sale) | 52-Week Range: THB 39.75-68.50 |
| P/E Ratio: 24.5 (TTM) | P/BV: 2.74x |
| Dividend Yield: 1.7% (latest indicated) | Avg Daily Value: THB 2.0B-3.5B |
GULF: Google sees Thailand as potential AI/data-centre “epicenter”; GULF highlights data-centre growth opportunity.
MMM Capital PCL is a Thai real-estate services platform — project sales consulting, on-site sales management and selective property trading — listed on SET in October 2025. Revenue is fee- and commission-driven off developer launches rather than a large land bank; the stock has derated from the post-IPO peak as 2026 volumes cooled, though the name still screens as a high-yield small-cap after cash and stock dividends through 1H26.
| Market Cap (THB): 987M | Market Cap (USD): ~$30.0M (at ~THB 32.92/USD) |
| Current Price: THB 2.72 (as of 4 September 2026 last sale) | 52-Week Range: THB 2.52-4.75 |
| P/E Ratio: 7.0 (TTM) | P/BV: 1.90x |
| Dividend Yield: 6.7% (latest indicated) | Avg Daily Value: THB 1M-8M |
MMM — Signed a sales-management contract on the KLOS Ratchada 7 condo (Frasers, Din Daeng, 111 units) worth ฿140m.
Comment: Why is this even a public company,.,,then again perhaps when the property market returns to its lofty heights this will be a great trade on it.
SCGJWD Logistics PCL is the SCG-backed integrated logistics platform formed from the JWD combination — contract warehousing, freight forwarding, yard and auto logistics, and overseas supply-chain services. Earnings track occupancy and freight cycles more than a single industrial name; the stock trades below book as a high-yield SET mid-cap after a 2026 rebound from the December 2025 close.
| Market Cap (THB): 16.61B | Market Cap (USD): ~$505M (at ~THB 32.92/USD) |
| Current Price: THB 9.35 (as of 4 September 2026 last sale) | 52-Week Range: THB 6.40-10.80 |
| P/E Ratio: 13.2 (TTM) | P/BV: 0.71x |
| Dividend Yield: 5.4% (latest indicated) | Avg Daily Value: THB 20M-80M |
SJWD — Two note deals lined up for 18–22 Sep: a 3-year conventional issue at 2.85–3.10% via KBANK, TTB and KKPS (book 18 and 21–22 Sep), and a 3-year-6-month digital note at 2.95–3.20% on Krungthai’s Paotang wallet (min ฿1,000).
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| ADVANC.BK | $31.26B | 346.00 | 19.3 | 9.54x | 5.1% | ▲ +10.5% | View → |
| GULF.BK | $28.02B | 61.75 | 24.5 | 2.74x | 1.7% | ▲ +47.9% | View → |
| MMM.BK | $30.0M | 2.72 | 7.0 | 1.90x | 6.7% | ▼ −19.5% | View → |
| SJWD.BK | $505M | 9.35 | 13.2 | 0.71x | 5.4% | ▲ +26.4% | View → |
Corporate events
XD today — EGCO ฿3.25; HPF ฿0.14; LHFG ฿0.02; MII ฿0.2060; MNIT ฿0.0340; MNIT2 ฿0.0850; TAE ฿0.05. Rest is DRs (AIA06/19/23, BAC03, GOOG/GOOGL series, PEP80, PYPL06).
WHART — Record date today (XR was yesterday; ratio 1 : 0.0367).
CIMBT / GLAND / LRH — Day two of the 3–11 Sep last-trade window. Cash balance only. Delist 12 Sep.
Still open — FMT tender, 27.72m shares at ฿18, through 17 Sep.
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