📊 AOT Company Background

Airports of Thailand Public Company Limited (AOT) manages and operates six international airports in Thailand, including Suvarnabhumi and Don Mueang. As a state-owned enterprise, it is a dominant player in the Thai aviation industry, serving as a primary gateway for international tourism and logistics.

Market Cap (THB): 721.43B
Market Cap (USD): ~$23.27B (at ~THB 31/USD)
Current Price: THB 50.50 (latest close, 6 March 2026)
52-Week Range: THB 26.75-59.00
P/E Ratio: 41.38x (TTM)
P/BV: 5.32x
ROE: 13.50%
Dividend Yield: 1.67% (latest indicated)
Avg Daily Value: THB 1.4B-2.2B (active large-cap)
YTD Performance 2026: -2.8% (Start: THB 53.00 on 30 Dec 2025; End: THB 51.50 on 2 Mar 2026)
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📊 BAFS Company Background

Bangkok Aviation Fuel Services Public Company Limited (BAFS) provides aviation fuel storage and refueling services at major international airports in Thailand. The company also operates an extensive oil pipeline network, providing critical energy infrastructure for both the aviation and transportation sectors.

Market Cap (THB): 5.23B
Market Cap (USD): ~$168.7M (at ~THB 31/USD)
Current Price: THB 8.20 (latest close, 6 March 2026)
52-Week Range: THB 6.70-10.90
P/E Ratio: 24.66x (TTM)
P/BV: 0.98x
ROE: ~4.0%
Dividend Yield: 4.02% (latest indicated)
Avg Daily Value: THB 5M-10M (small-cap range)
YTD Performance 2026: +7.6% (Start: THB 8.50 on 30 Dec 2025; End: THB 9.15 on 2 Mar 2026)
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AOT / BAFS: Seeing higher air traffic diverted from the Middle East to Thailand, either to avoid closed airspace or for refueling and maintenance.

Comment: Amazing Thailand. I love these markets.

📊 BCH Company Background

Bangkok Chain Hospital Public Company Limited (BCH) operates a leading network of private hospitals across Thailand under brands such as World Medical Hospital and Kasemrad. The group serves a diverse patient base, including social security members, middle-income locals, and international medical tourists.

Market Cap (THB): 23.8B
Market Cap (USD): ~$767.7M (at ~THB 31/USD)
Current Price: THB 9.55 (latest close, 6 March 2026)
52-Week Range: THB 9.20-16.10
P/E Ratio: 18.09x (TTM)
P/BV: 1.81x
ROE: 10.16%
Dividend Yield: 4.50% (latest indicated)
Avg Daily Value: THB 140M-160M (mid-cap active)
YTD Performance 2026: -1.0% (Start: THB 10.40 on 30 Dec 2025; End: THB 10.30 on 2 Mar 2026)
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BCH: Sees limited impact from Middle East conflicts if the situation de-escalates within two weeks, as its Ramadan and Middle East patients are mostly IPD cases with 1–12 months of care.

Comment: Well, ok…I have no idea how to read into the impact on hospital tourism to Thailand from this. I just assume delays.

📊 CPN Company Background

Central Pattana Public Company Limited (CPN) is Thailand’s largest retail property developer. It manages a premium portfolio of shopping malls, office buildings, hotels, and residential projects, including flagship destinations like CentralWorld and the nationwide CentralPlaza network.

Market Cap (THB): 292.84B
Market Cap (USD): ~$9.45B (at ~THB 31/USD)
Current Price: THB 65.25 (latest close, 6 March 2026)
52-Week Range: THB 41.00-70.50
P/E Ratio: 15.54x (TTM)
P/BV: 2.67x
ROE: 17.98%
Dividend Yield: 3.22% (latest indicated)
Avg Daily Value: THB 700M-900M (active blue-chip)
YTD Performance 2026: +21.3% (Start: THB 55.25 on 30 Dec 2025; End: THB 67.00 on 2 Mar 2026)
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CPN: Sets THB24bn capex for renovations and new projects this year; targets 20% recognition of its existing THB6.6bn backlog.

Comment: There are a lot of projects that the group/family will need to announce this year.

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