Stocks in the news (aot, bem, cbg, ner, symc) 18.02.26
Airports of Thailand Public Company Limited operates and manages Thailand’s major international airports, providing aeronautical services, commercial concessions, and related airport infrastructure to support passenger and cargo traffic across its network.
AOT: Scandinavian Airlines (SAS) is deploying A350 aircraft to increase frequency and seat capacity on Asia routes, with Bangkok receiving a 15% boost. New nonstop routes from Copenhagen to Phuket and Krabi are aimed at capturing both business and leisure demand from Scandinavia and northern Europe.
Comment: Still a lot more to come.
Bangkok Expressway and Metro Public Company Limited operates expressway concessions and the MRT mass rapid transit system in Bangkok, generating revenue from toll collections, farebox income, and related commercial activities.
BEM: Street expectations remain constructive, with analysts looking for record-high net profits through 2026, supported by strong expressway and mass transit traffic amid tourism recovery. Potential upside could come from the government’s proposed “THB40 fare” policy, which may lift ridership.
Comment: BEM > BTS as a transit play
Carabao Group Public Company Limited manufactures and distributes energy drinks and other beverages under the Carabao brand, with sales channels across Thailand and international markets.
CBG: Management sees political stability under a new government as supportive of purchasing power. The Cambodian factory is now operational, resolving prior export bottlenecks. The company is also pushing lightweight glass bottle production to enhance margins and expanding further into the Middle East.
Comment: Now the question is whether the anti-thai sentiment so strong that they cannot recover their market share – or will they have to purely be an OEM for a new local brand
North East Rubber Public Company Limited is a processor and exporter of natural rubber products, supplying rubber blocks and related products mainly to tire manufacturers and industrial customers in domestic and overseas markets.
NER: Expects record-high revenue above THB30bn this year, driven by orders from six Chinese EV makers relocating production to Thailand. Additional rubber capacity of 550ktpa from a new plant will commence in 4Q26, lifting total capacity to 870ktpa.
Comment: Still a great little rubber play.
Symphony Communication Public Company Limited provides fiber-optic network services, data communication, and internet connectivity solutions to corporate, carrier, and wholesale customers in Thailand.
SYMC: Expects a FY26 turnaround supported by new network connections following the completion of several data center projects in Thailand. The company is in discussions with Tencent Cloud and Alibaba Cloud and sees further upside from corporate demand for cloud and cybersecurity solutions
Comment: They haven’t done anything in a decade.
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