AP sees recovery in low-rise residential demand – AP noted improving demand trends in the low-rise housing segment, supported by strong VIP preview activity and presales from seven projects launched during 2Q26. Combined sales from the launches exceeded THB3.2bn.

Comment: Because the competition is gone. The few players left standing are mopping up market share. And banks are only going to work and provide financing/mortgages to the customers of these larger players.

BGRIM data centre power project progressing – BGRIM reported that its 94MW data centre power project is approximately 40% complete. The first 47MW phase is scheduled to commence operations in November, with the remaining capacity expected to come online in 2027.

Comment: Where’s the genuine value add to the economy here? Faster tiktok videos? Better brain washing of the masses?

COCOCO sees no impact from Philippine earthquake – COCOCO stated that the recent 7.8-magnitude earthquake in the Philippines has not affected construction of its new coconut processing facility, with commercial operations still expected to commence this year.

Comment: Hopefully not…this country has some form of a natural disaster every year.

CCET reports weaker May sales – CCET reported May electronics component sales of THB11.5bn, down 3.9% YoY. Sales for the first five months of 2026 declined 5.5% from the same period last year.

Comment: And it doesn’t matter because they’ll have more capacity coming online in Thailand 2H26.

DPAINT launches rights offering – DPAINT announced a rights offering at THB0.20 per share on a 1-for-8 basis. Subscription is scheduled between 23 July and 14 August, with proceeds earmarked to support a condominium development project in Phuket.

GLOBAL reaffirms solid 2Q outlook – GLOBAL expects stronger 2Q26 performance driven by a higher contribution from house-brand products, which represented 27% of sales in 1Q26, alongside continued SG&A control and improving same-store sales growth from a low base last year.

Comment: I have wondered, if just purely due to a recovery to a new base, that we’d see an improvement in figures for all these construction/home players

MINT flags potential delay to REIT IPO – MINT indicated that geopolitical tensions and uncertainty surrounding interest rates and bond yields could delay its planned US$1.3bn REIT IPO, although management continues to target a launch in 2H26.

Comment: Singapore wants more than a 6% yield, that’s it. Thai companies can’t get cheaper financing outside of Thailand (unless they hit the Chinese market…)

STECON invests in US construction technology startup – STECON announced an investment in Dusty Robotics, a US-based robotics company that deploys autonomous robots to translate digital 3D construction plans directly onto job sites. The technology aims to reduce labour requirements, shorten project timelines, improve construction quality and minimise waste.

THAI signs cooperation agreement with Air India – THAI rose 2.3% after signing an MoU with Air India to explore a deeper commercial partnership, including a planned codeshare agreement in 2026. The proposed cooperation remains subject to regulatory approvals and is expected to expand connectivity beyond Thailand and India across selected international routes.

Comment: No issues *shake head*

WHA studying dedicated data centre industrial estate in EEC – WHA is conducting a feasibility study for a new industrial estate focused on data centres, cloud services and AI infrastructure within the Eastern Economic Corridor. The project is expected to require around 1,000MW of green power capacity. Management expects to conclude negotiations with a foreign data centre investor seeking more than 100 rai of land in 1H26. WHA maintains its 2026 land sales target of 2,500 rai and plans THB15-16bn of investment this year across logistics, utilities and power businesses.

Comparison Table — As of 9 June 2026

Ticker	Mkt Cap (USD)	Price (THB)	P/E (TTM)	P/BV	Div Yield	YTD 2026	Analysis
AP.BK	$0.68B	7.05	5.07	0.47x	7.38%	▼ -18.0%	View →
BGRIM.BK	$1.18B	14.80	46.25	1.05x	2.94%	▲ +5.0%	View →
COCOCO.BK	$0.25B	5.60	29.47	2.32x	2.14%	▲ +12.4%	View →
CCET.BK	$3.03B	9.45	49.74	3.64x	1.95%	▲ +109.1%	View →
DPAINT.BK	$1.7M	0.24	N/A	0.17x	—	▼ -64.2%	View →
GLOBAL.BK	$1.11B	6.45	18.43	1.35x	2.99%	▲ +5.4%	View →
MINT.BK	$3.78B	21.90	16.47	1.37x	3.18%	▼ -9.9%	View →
STECON.BK	$0.78B	16.80	12.82	1.19x	4.20%	▲ +164.6%	View →
THAI.BK	$5.90B	6.80	6.18	2.16x	3.11%	▼ -2.2%	View →
WHA.BK	$2.26B	4.92	15.87	1.93x	4.25%	▲ +50.0%	View →

Data sourced from Yahoo Finance • Prices and metrics as of latest available close on/around 9 June 2026 • YTD calculated from 30 Dec 2025 close • For informational purposes only. Not investment advice.

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