Stocks in the news (advice, bgrim, kbank, sa, snnp, top) 06.02.26
ADVICE TB: The company expects a strong uplift from the upcoming MacBook Pro launch, projecting ~20% revenue growth in 2026 y/y, driven by an expanding customer base and new product introductions.
Comment: I’m still impressed by this company continuing to grow throughout the country.
Advice IT Infinite Public Company Limited (ADVICE) is a Thai information technology retailer and wholesaler focused on assembled computers, notebooks, desktops, peripherals, smartphones, and home appliances, distributing via nationwide branches and online channels while providing comprehensive after-sales and maintenance services.
BGRIM: Targets lifting renewable energy to >50% of total generation by 2030 (from 37%), while expanding total capacity to 10GW(from 4.6GW). Also developing digital infrastructure, including a 96MW hyperscale data center, to support AI and cloud-related demand.
Comment: Sorry BGRIM – you’re doing well, but I want to see these renewables crash and burn. It’ll be a net positive for society.
B.Grimm Power Public Company Limited (BGRIM) is a leading private power producer in Thailand, developing, operating, and investing in gas-fired and renewable power plants that supply electricity to industrial users and utilities domestically and in regional markets.
KBANK: The board approved 2026 financial targets (SET filing dated Feb 6). Key targets include loan growth of 0–2%, NIM of 2.75–2.95% (vs 3.23% in 2025), and net fee income growth at mid-to-high single digit. Cost discipline remains a focus, with cost-to-income ratio guided at mid-40s(2025: 43.6%). Asset quality is expected to stay stable, with credit cost at 140–160 bps (2025: 163 bps) and gross NPL ratio below 3.25% (2025: 3.20%). KBANK will hold an analyst meeting today at 10:00AM (Bangkok time)
Comment: Loan growth?? They are targeting loan growth? Holy moly…or is it because buying govvy securities yielding 1% is killing all the NII for all the banks atm that they finally will turn on the lending tap.
Kasikornbank Public Company Limited (KBANK) is one of Thailand’s largest commercial banks, offering a full range of retail, SME, corporate banking, and financial services, with a strong digital banking franchise and regional presence in ASEAN and Greater China.
SA: Expects a turnaround in FY26 following completion of two condominium projects worth THB 5.5bn (Landmark at Grand Station THB 3.5bn, Landmark at Kasetsart Station THB 2.0bn). The company is in talks to acquire two land plots and is considering a JV partner to develop residential projects in Bangtao and Kamala Beach with a combined value of ~THB 9bn.
Siamese Asset Public Company Limited (SA) is a Thai property developer focusing on residential real estate, including condominiums and low-rise housing projects primarily in Bangkok and key urban locations, with an integrated model spanning development, sales, and property-related services.
SNNP: Launched Jele Jelly Soda, a gummy drink product, to capture seasonal summer demand. Management expects margin and market-share improvement as a first mover.
Srinanaporn Marketing Public Company Limited (SNNP) is a fast-moving consumer goods company in Thailand, engaged in manufacturing and distributing snacks, beverages, and confectionery products under various brands across domestic and regional markets.
TOP: Completed buyback of USD-denominated notes totaling USD 550m across five bond tranches. The company expects to book a ~THB 600m gain in 1Q after FX and tax, improving balance-sheet flexibility.
Comment: How’s that for a beautiful turnaround in the share price…and you thought it would go bankrupt/recap.
Thai Oil Public Company Limited (TOP) is one of Thailand’s largest integrated oil refiners, operating refining, petrochemical, and related businesses that supply petroleum products, petrochemicals, and lubricants to domestic and export markets.
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