Stocks in the news (aot, apo, egco, hana, jmart, prm, psl, thai, tse) 12.03.26
Airports of Thailand Public Company Limited is the leading airport operator in Thailand, managing six major international airports including Suvarnabhumi and Don Mueang. The company derives its revenue from aeronautical services, such as landing and parking fees, and non-aeronautical services, including concession fees, service revenues, and office and state property rentals.
AOT says 165 flights were disrupted after an Air India Express aircraft experienced a malfunction on the runway at Phuket International Airport. The incident involved flight AXB938 from Hyderabad to Phuket at about 11:30AM yesterday, forcing a temp runway closure for safety inspections and disrupting operations at airports under its management.
Comment: See, nothing to do with Iran – incredible Indiaaaa.
Asian Phytoceuticals Public Company Limited operates in the agro-industry sector, primarily focusing on crude palm oil extraction and the distribution of related primary products. The company also utilizes biogas by-products from its extraction process to generate electricity for supply to the Provincial Electricity Authority (PEA), integrating renewable energy into its core manufacturing operations.
APO expects windfall from the energy crisis as demand for crude palm oil (CPO) spiked on the back of surging demand for biodiesel, government order new biodiesel formula from B5 to B7 effective Mar 14 bolster earnings.
Electricity Generating Public Company Limited (EGCO) is a major independent power producer in Thailand. It operates a diversified portfolio of power plants across Thailand and the Asia-Pacific region, spanning natural gas, coal, biomass, hydro, solar, and wind energy. The company is committed to expanding its renewable energy footprint while maintaining stable energy generation for national grids.
EGCO allocated THB30bn for new projects and acquisitions domestically and overseas this year, exploring gas-fired and renewable power. So far, it has seen limited impact to operations from ongoing conflict and passes through most higher fuel costs under existing contracts. Its PP in S.Korea have seen no disruption to LNG, all of which are imported from AUS and US
Comment: Still cheap….and one wonders if all this expansion internationally is better compared to returning capital to shareholders
Hana Microelectronics Public Company Limited is a leading provider of Electronic Manufacturing Services (EMS) in Southeast Asia. The company specializes in the assembly and testing of semiconductor integrated circuits (IC), micro-electronic assemblies, and Liquid Crystal on Silicon (LCoS) devices, serving a global clientele across the telecommunications, automotive, and consumer electronics industries.
HANA anticipates meaningful turnaround from new S-curve after signed exclusive partner agreement with cooling solution co., Phononic, will start supply packaging for AI chips (HBM,GPU) from 3Q26, expects sales jump from hefty demand from data center, cooling equipment and medical devices.
Comment: So they’ve found the solution? The Korea business was killing them (via China comp)
Jaymart Group Holdings Public Company Limited is an investment holding company with a diverse ecosystem spanning mobile phone retail, consumer finance, debt collection, and technology development. The group leverages its retail network to cross-sell financial services and utilizes its technology arm to drive digital transformation across its subsidiaries and affiliates.
JMART: The management is optimistic of the AI-powered Samsung S26 series, attributing its success to managing 18 Samsung-branded stores. This is expected to boost Q1 performance. For the FY, the Co projects a 50% y/y growth in mobile sales, driven by a growing customer base and new product launches.
Comment: Jmart needs to JMT to start rocking and rolling and then JMART’s share price can wake up again.
Prima Marine Public Company Limited is a leading provider of integrated marine transport and storage solutions for petroleum and liquid chemical products. Its core business units include domestic and international oil tanker services, Floating Storage Units (FSU), and offshore support vessels, serving major regional oil companies and traders with a focus on operational efficiency and environmental safety.
PRM has decreased its paid-up capital by writing off 172,889,300 repurchased shares or 6.92% of paid-up capital, after failing to resell those share.
Comment: It’s not that the company failed to resell the shares…whatever I still hate sharebuybacks, I’d rather divvy’s in my bank account – I’m just old fashioned that way. *until taxes begin to increase
Precious Shipping Public Company Limited is a pure-play dry bulk ship owner and operator based in Thailand. The company operates a fleet of Handysize, Supramax, and Ultramax vessels that transport agricultural products, minerals, and other bulk commodities globally. PSL is recognized for its modern fleet management and strategic presence in the global seaborne trade of dry bulk goods.
PSL’s cargo vessel, Mayuree Naree, was struck in the Strait of Hormuz yesterday shortly after departing from the UAE. Two projectiles of unknown origin struck the vessel, sparking a fire in its engine room. Three people are missing. Oman’s navy has rescued 20 crew members, who abandoned ship and evacuated in a lifeboat, and brought them ashore in Khasab. PSL operates 41 vessels under Thai, SG and Panamanian flags – said it is coordinating with authorities to repatriate the crew members evacuated to Oman back to Thailand. PSL -7.3% to THB6.95/shr previously. Management stated it does not expect a material financial or operational impact
Comment: Thankfully no one hurt
Thai Airways International Public Company Limited is the national flag carrier of Thailand. The company operates a full-service airline business, providing passenger, cargo, and mail transportation services. Currently navigating through a comprehensive business rehabilitation process, it continues to serve as a key player in connecting Thailand to global destinations through its hub at Suvarnabhumi Airport.
THAI firms on plan to add 22 aircrafts this year tally total to 102 by end of year, will add routes to Busan & Amsterdam in 2Q, Chongqing, Zhangzha & Xiamen in 3Q, target FY cabin factor within 80% range, SAF fuel, fare hike & cost control to curb downside on margin, to increase ticket prices by 10 to 15%, cited soaring fuel prices as a key factor driving the fare adjustments.
Comment: Is the SET50 story still in play?
Thai Solar Energy Public Company Limited specializes in the generation and distribution of electricity from renewable sources, primarily solar PV and biomass power plants. The company operates numerous utility-scale solar farms and commercial rooftop solar projects in Thailand and Japan, focusing on long-term power purchase agreements (PPAs) to ensure stable revenue streams and sustainable growth.
TSE and its subsidiaries mulls investing in 20 ground-mounted solar power gen projects with 128.1MW total capacity under Feed-in Tariff (FiT), with Bt3,264.34m total capex over 2026-2030 with 25-yr power purchase agreement.
Comment: This game is finished in Thailand.
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