Stocks in the news (aot, bgrim, btg, centel, pttep, sisb, tvo) 18.03.26
Airports of Thailand Public Company Limited is the leading airport operator in Thailand, managing six international airports including Suvarnabhumi and Don Mueang. The company generates revenue from aeronautical services like landing and parking charges, as well as non-aeronautical sources such as concession fees, service charges, and office rentals.
AOT: Aeroflot to run an additional 43 2-way flights between Moscow to BKK, Phuket as well as Maldives and Colombo from Mar to Jun as dmd surge following instability in the Middle East.
Comment: The future is still bright for tourism to Thailand, even without the mainlanders.
B.Grimm Power Public Company Limited is a major private power producer in Thailand, focusing on the development, construction, and operation of combined cycle and renewable energy power plants. The company serves industrial users and national electricity authorities across Southeast Asia, emphasizing sustainable energy solutions.
BGRIM: The mgmt reveals the reason behind establishing a subsidiary to procure and wholesale LNG in Malaysia. This supports its plan to expand power plants in Malaysia, particularly IPP projects worth 1,500–2,000MW. It also diversifies gas sources outside the Middle East and supports the expansion of its LNG business across the Asian region.
Comment: Thailand better wake up…it’s been in a strong position due to it’s control of Myanmar and Laos energy that has kept the country going. But now they’d better start moving into the Gulf and securing additional sources + finally wake up and get some nuclear going. The country w/ the cheapest electricity is going to outperform all others
Betagro Public Company Limited is a leading integrated food company in Thailand, engaged in agro-industry and food businesses. Its operations span the entire value chain, from animal feed and livestock production to high-quality meat products and branded consumer food, with a strong focus on food safety and international standards.
BTG est 4 subsidiaries in SG, Indonesia & C’dia to accommodate overseas expansion for its food & meat products
Comment: They supply 5 mn eggs a day in Singapore.
Central Plaza Hotel Public Company Limited is a major Thai hospitality company operating two main business segments: hotel management (under the Centara Hotels & Resorts brand) and food services. It operates a wide portfolio of hotels across Thailand and internationally, alongside popular quick-service restaurant franchises.
CENTEL: 300-rooms hotel, Centara Life Namba Osaka, second ppty in Osaka will open doors in Apr.
PTT Exploration and Production Public Company Limited is Thailand’s national petroleum exploration and production company. It operates globally, focusing on exploring and producing crude oil and natural gas to ensure energy security for the country while expanding its portfolio into renewable energy and technology.
PTTEP to issue a 5yr $-dominated digital bond (by KTB) and 2 additional tranches of THB-dominated bonds (by KBANK, SCB, BAY). Size, coupon rate, and subscription period has not yet been disclosed.
Comment: Digital bond….we’re not that far away from cash disappearing
SISB Public Company Limited is a leading provider of international schools in Thailand, offering the Singapore curriculum. The company operates multiple campuses and provides comprehensive educational services from nursery to secondary levels, aiming to provide world-class education with a focus on trilingual proficiency.
SISB has lowered its est down to 4.8k from 5.0k earlier vs its current student count at 4,594 as of end-25. About 29% of students last year were int’l students. THB400mn investment in its 7th in Pathum Thani province still on track for campus-opening in 2027 (1.2k students capacity).
Comment: The net # of chinese students has remained the same. And that goes to show that there is no growth…but the new location appears to be well situated in a housing area where there are no international schools.
Thai Vegetable Oil Public Company Limited is a leading manufacturer and distributor of soybean oil and soybean meal in Thailand. Its products, marketed under the “A-Goon” brand, include various cooking oils and animal feed ingredients, with a production process focused on quality and nutritional standards.
TVO, the largest producer of soybean oil products, sees higher demand for its products, as palm oil prices have surged and are now approaching soybean oil prices, prompting consumers to switch to soybean oil instead, CEO Pachai Chanpitaksa. Palm oil prices have jumped significantly as several countries plan to increase biodiesel production to curb fuel imports, and most biodiesel uses palm oil as main material. Imports of soybean haven’t been affected, but rising fuel costs do add to transportation costs.
Comment: There goes my choco trade.
| Ticker | Price (THB) | YTD % | Trend | Consensus | Analysis |
|---|---|---|---|---|---|
| AOT | 49.50 | -6.6% | 📉 | Hold | Details → |
| BGRIM | 11.30 | -19.9% | 📉 | Sell | Details → |
| BTG | 20.40 | +12.1% | 📈 | Buy | Details → |
| CENTEL | 33.00 | -3.7% | ➡️ | Hold | Details → |
| PTTEP | 146.50 | +29.6% | 📈 | Buy | Details → |
| SISB | 11.00 | -1.8% | ➡️ | Buy | Details → |
| TVO | 25.50 | +13.8% | 📈 | Hold | Details → |
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