Stocks in the news (aot, bjc, tae, tfm, top, true, tu) 05.05.26
Airports of Thailand Public Company Limited develops, manages and operates international airports in Thailand, including Suvarnabhumi and Don Mueang, providing aviation services, retail concessions and related infrastructure businesses.
AOT: Management plans a THB200bn capex program to upgrade Suvarnabhumi Airport, with Don Mueang Phase 3 expected to complete soon.
Comment: People have been underestimating the capacity expansion that Thailand has been undergoing at the airports.
Berli Jucker Public Company Limited is a diversified conglomerate engaged in packaging, consumer products, healthcare, logistics and engineering, with extensive operations across Thailand and Southeast Asia.
BJC: The market expects sluggish 1Q26 results with net profit of THB999mn (-21% YoY, -22% QoQ), impacted by weak purchasing power and lack of tax incentives. SSSG declined 3% YoY.
Comment: And average management.
Thai Agro Energy Public Company Limited produces and distributes ethanol for fuel blending along with soil conditioner products derived from agricultural raw materials in Thailand.
TAE: 1Q net profit at THB125mn versus net loss of THB844mn YoY.
Thai Union Feedmill Public Company Limited manufactures and distributes animal feeds for shrimp, fish and livestock, supporting aquaculture and livestock industries across Thailand and Asia.
TFM: 1Q net profit at THB148mn (+11.9% YoY), beating consensus of THB127mn, supported by revenue growth of 7.6% YoY driven by shrimp feed (+13.1% YoY). FY sales growth guidance maintained at 8%–10%, with GPM expected in the 18%–20% range. THB600mn capex allocated for a new plant in Ecuador.
Thai Oil Public Company Limited is Thailand’s largest oil refiner engaged in petroleum refining, marketing, power generation and petrochemical businesses.
TOP: A lightning strike sparked a crude oil tank fire, with crews using foam to contain the blaze. No injuries were reported, and damages are covered by insurance.
Comment: Force majueres, construction issues, lighting strikes – nuthin’ is hurting TOP.
True Corporation Public Company Limited is a major telecommunications and digital services provider in Thailand offering mobile, broadband, pay TV and digital content solutions.
TRUE: pays dividend THB0.12 per share.
Comment: As long the noncore CP/True folks are still running True – then the future is bright.
Thai Union Group Public Company Limited is a global leader in seafood and food products with additional businesses in pet care, manufacturing and distribution worldwide.
TU: Management remains positive on the pet food segment, projecting growth of 4%–6% per year, outperforming the broader food industry forecast of 2%–3%.
Comment: So look at TU as a commodity Tuna player + a pet OEM, their branding story of the past decade is written off.
| Ticker | Current Price (THB) | YTD 2026 (%) | Trend (3M) | Consensus | Analysis |
|---|---|---|---|---|---|
| AOT | 51.25 | -3.3% | 📉 | Buy | View → |
| BJC | 14.10 | -2.1% | 📉 | Hold | View → |
| TAE | 1.41 | +4.4% | 📈 | Hold | View → |
| TFM | 6.85 | +15.1% | 📈 | Buy | View → |
| TOP | 48.00 | +33.3% | 📈 | Buy | View → |
| TRUE | 13.80 | +25.7% | 📈 | Strong Buy | View → |
| TU | 11.80 | -7.8% | 📉 | Buy | View → |
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