Company news

πŸ“Š ASEFA.BK Company Background

Asefa Public Company Limited manufactures and distributes electrical power distribution products, switchboards, trunking systems and related engineering services in Thailand. The share last traded at THB 7.45 on 12 October 2026 (βˆ’0.15 / βˆ’2.0% from the prior 7.60), in a 7.35–7.65 day range on modest volume, inside the 52-week band of THB 3.20–7.65 (new high). It is well above the 30 December 2025 close of THB 3.52. Multiples at last sale are approximately 10.1x TTM earnings and ~1.9x book. Paid-up capital is ~527 million shares.

Market Cap (THB): 3.93B Market Cap (USD): ~$0.117B (at ~THB 33.55/USD)
Current Price: THB 7.45 (as of 12 October 2026 last sale) 52-Week Range: THB 3.20-7.65
P/E Ratio: 10.1 (TTM) P/BV: ~1.9x
Dividend Yield: 4.7% (latest indicated) Avg Daily Value: THB 5M-25M
YTD Performance 2026 : β–² +111.6% (Dec 30 2025 close: THB 3.52; 12 October 2026 last: THB 7.45)
View SET quote β†’

ASEFA: The Co is a leading manufacturer and distributor of electrical power distribution systems and switchboards, as well as a key partner of Schneider Electric. Backed by a record-high backlog, particularly from data center projects such as TRUE IDC and DAMAC. The Co is expected to deliver strong earnings growth, with net profit projected to rise 92% YoY to Bt421mn in 2026 and Bt460mn in 2027. Additional upside may come from synergies under MOUs with Schneider Electric, LS Electric, and IX Technology as ASEFA expands into the data center sector.

Comment: One of the data center plays in Thailand – boom 1x this year…

πŸ“Š AWC.BK Company Background

Asset World Corp PCL (AWC) is a major Thai property developer and hotel operator, focusing on mixed-use projects, hotels and retail under the Asset World brand. The share last traded at THB 3.10 on 12 October 2026 (+0.02 / +0.6% from the prior 3.08), in a 3.08–3.10 day range on solid volume, inside the 52-week band of THB 1.90–3.34. It is well above the 30 December 2025 close of THB 2.12. Multiples at last sale are approximately 15.5x TTM earnings and ~2.5x book. Paid-up capital is ~32.03 billion shares.

Market Cap (THB): 99.3B Market Cap (USD): ~$2.96B (at ~THB 33.55/USD)
Current Price: THB 3.10 (as of 12 October 2026 last sale) 52-Week Range: THB 1.90-3.34
P/E Ratio: 15.5 (TTM) P/BV: ~2.5x
Dividend Yield: 2.6% (latest indicated) Avg Daily Value: THB 50M-150M
YTD Performance 2026 : β–² +46.2% (Dec 30 2025 close: THB 2.12; 12 October 2026 last: THB 3.10)
View SET quote β†’

AWC: appoints SCB, KBANK, BBL, KTB, BAY, TTB and BofA Securities to be joint leads for AWR REIT IPO, TH’s largest freehold REIT, w/ an initial investment value of up to Bt 51.38b.

Comment: It’s going to suck up more liquidity.

πŸ“Š BEM.BK Company Background

Bangkok Expressway and Metro PCL (BEM) operates the Bangkok expressway network and metro rail lines (MRT Blue Line and others) under concession. The share last traded at THB 6.35 on 12 October 2026 (βˆ’0.05 / βˆ’0.8% from the prior 6.40), in a 6.30–6.40 day range on ~THB 54m of value (~8.5m shares), inside the 52-week band of THB 4.84–7.35. It is above the 30 December 2025 close of THB 5.30. Multiples at last sale are approximately 25.4x TTM earnings and ~2.3x book. Paid-up capital is ~15.0 billion shares.

Market Cap (THB): 95.1B Market Cap (USD): ~$2.83B (at ~THB 33.55/USD)
Current Price: THB 6.35 (as of 12 October 2026 last sale) 52-Week Range: THB 4.84-7.35
P/E Ratio: 25.4 (TTM) P/BV: ~2.3x
Dividend Yield: 2.3% (latest indicated) Avg Daily Value: THB 150M-300M
YTD Performance 2026 : β–² +19.8% (Dec 30 2025 close: THB 5.30; 12 October 2026 last: THB 6.35)
View SET quote β†’

BEM: The Co is expected to post its highest quarterly profit of 2026 in Q3, driven by seasonally stronger mass transit ridership and expressway traffic volumes, along with Bt221mn in dividend income from TTW.

Comment: Best infra play in the country still.

πŸ“Š EA.BK Company Background

Energy Absolute PCL (EA) is a Thai renewable energy and battery company, developing solar, wind, and energy storage projects. The share last traded at THB 2.70 on 12 October 2026 (unchanged from the prior 2.70), in a 2.68–2.72 day range on modest volume, inside the 52-week band of THB 2.40–3.64. It is unchanged vs the 30 December 2025 close of THB 2.70. TTM earnings are negative (loss); P/BV approximately 0.6x. Paid-up capital is ~7.43 billion shares. Dividend suspended.

Market Cap (THB): 20.05B Market Cap (USD): ~$0.598B (at ~THB 33.55/USD)
Current Price: THB 2.70 (as of 12 October 2026 last sale) 52-Week Range: THB 2.40-3.64
P/E Ratio: n.a. (TTM loss) P/BV: ~0.6x
Dividend Yield: 0.0% (suspended) Avg Daily Value: THB 30M-80M
YTD Performance 2026 : 0.0% (Dec 30 2025 close: THB 2.70; 12 October 2026 last: THB 2.70)
View SET quote β†’

EA: The Co is expanding its palm-based business into Bio-PCM (Phase Change Material), targeting the development of a new growth portfolio. It aims to generate Bt100mn in PCM sales within the next three years.

Comment: Well ok….

πŸ“Š EKH.BK Company Background

Ekachai Medical Care PCL (EKH) operates Ekachai Hospital and related medical services in Thailand. The share last traded at THB 5.10 on 12 October 2026 (βˆ’0.10 / βˆ’1.9% from the prior 5.20), in a 5.10–5.20 day range on light volume, inside the 52-week band of THB 4.90–5.40. Multiples at last sale are approximately 15.0x TTM earnings and ~1.7x book. Paid-up capital is ~800 million shares. Recent news includes plans for a new palliative care hospital subsidiary.

Market Cap (THB): 4.08B Market Cap (USD): ~$0.122B (at ~THB 33.55/USD)
Current Price: THB 5.10 (as of 12 October 2026 last sale) 52-Week Range: THB 4.90-5.40
P/E Ratio: 15.0 (TTM) P/BV: ~1.7x
Dividend Yield: 5.9% (latest indicated) Avg Daily Value: THB 0.5M-2M
YTD Performance 2026 : β–Ό βˆ’4.7% (approx. Dec 30 2025 close: ~THB 5.35; 12 October 2026 last: THB 5.10)
View SET quote β†’

EKH: wholly owned subsidiary Ekachai Nursing Home to invest Bt 270m in Koon Sri La Salle palliative care specialized hospital capacity 45-50 beds, Ekachai Nursing Home will hold 75%-80%, Narai Property

πŸ“Š GULF.BK Company Background

Gulf Development PCL (post-1 April 2025 amalgamation) is a major Thai energy, infrastructure and digital holding company, primarily generating and selling electricity and steam (gas-fired, solar, biomass and wind) to public and private clients in Thailand and abroad. The share last traded at THB 60.75 on 12 October 2026 (+0.25 / +0.4% from the prior 60.50), in a 60.25–61.00 day range on ~THB 700m of value (~11.6m shares), inside the 52-week band of THB 39.75–68.50. It is well above the 30 December 2025 close of THB 41.75. Multiples at last sale are approximately 11.7x TTM earnings and ~2.8x book. Paid-up capital is 14.94 billion shares. Indicated yield ~1.8% (SET/vendor).

Market Cap (THB): 907.6B Market Cap (USD): ~$27.05B (at ~THB 33.55/USD)
Current Price: THB 60.75 (as of 12 October 2026 last sale) 52-Week Range: THB 39.75-68.50
P/E Ratio: 11.7 (TTM) P/BV: ~2.8x
Dividend Yield: 1.8% (latest indicated) Avg Daily Value: THB 1,000M-2,500M
YTD Performance 2026 : β–² +45.5% (Dec 30 2025 close: THB 41.75; 12 October 2026 last: THB 60.75)
View SET quote β†’

GULF β€” Final coupons on up to ΰΈΏ20bn of bonds and digital bonds, six series, 3–10 years, 1.83–3.00%. Book was 3.3 times covered. Subscription 19–21 Oct. AA- stable. Zero-coupon 3-year at 1.83%, 4-year at 2.10%. Priced Friday.

Comment: Just look at that cost of financing…

πŸ“Š KGEN.BK Company Background

King Gen Public Company Limited engages in transportation activities (passenger and goods) in Thailand; formerly related to Nation Broadcasting. The share last traded at THB 1.50 on 12 October 2026 (βˆ’0.04 / βˆ’2.6% from the prior 1.54), in a 1.49–1.56 day range on elevated volume, inside the 52-week band of THB 0.49–2.34. TTM earnings are negative or volatile; P/E n.a. Paid-up capital is ~2.23 billion shares. Large YTD gain from depressed base.

Market Cap (THB): 3.34B Market Cap (USD): ~$0.100B (at ~THB 33.55/USD)
Current Price: THB 1.50 (as of 12 October 2026 last sale) 52-Week Range: THB 0.49-2.34
P/E Ratio: n.a. (TTM) P/BV: ~3.0x
Dividend Yield: 0.0% Avg Daily Value: THB 10M-30M
YTD Performance 2026 : β–² large (Dec 30 2025 base depressed near 52w low; 12 October 2026 last: THB 1.50)
View SET quote β†’

KGEN: The Co aims to grow total group revenue to Bt80-100bn by 2027, supported by strong demand from Chery’s Thailand operations, which target sales of 110,000 vehicles across domestic and export markets. The company plans to maintain a net profit margin of 2.5%-5% while benefiting from the continued growth of the EV.

Comment: Perhaps it won’t be the winner that those initially thought…let’s see, you have SUSCO (BYD), MGC (Xpeng) and KGEN (Chery) to chose between.

πŸ“Š PCE.BK Company Background

Petchsrivichai Enterprise PCL (PCE) is a holding company focused on the palm oil industry (upstream to downstream manufacturing, warehousing and logistics). The share last traded at THB 2.08 on 12 October 2026 (+0.02 / +1.0% from the prior 2.06), in a 2.04–2.08 day range on moderate volume, inside the 52-week band of THB 2.00–2.70. Multiples at last sale are approximately 18.9x TTM earnings and ~1.4x book. Paid-up capital is 2.75 billion shares.

Market Cap (THB): 5.72B Market Cap (USD): ~$0.171B (at ~THB 33.55/USD)
Current Price: THB 2.08 (as of 12 October 2026 last sale) 52-Week Range: THB 2.00-2.70
P/E Ratio: 18.9 (TTM) P/BV: ~1.4x
Dividend Yield: 3.7% (latest indicated) Avg Daily Value: THB 5M-20M
YTD Performance 2026 : β–Ό βˆ’8.4% (approx. Dec 30 2025 close: ~THB 2.27; 12 October 2026 last: THB 2.08)
View SET quote β†’

PCE: With volatile weather conditions are affecting palm oil yields, while demand for B100 biodiesel and edible palm oil continues to rise. The Co is expanding its palm fruit procurement network to strengthen raw material security and is upgrading its refinery to support the growing market for high-quality refined palm oil, with plans to expand into specialty fats for the premium food industry.

πŸ“Š SJWD.BK Company Background

SCGJWD Logistics PCL provides integrated freight and logistics services in Thailand and the region (warehousing, transport, supply chain). The share last traded at THB 9.90 on 12 October 2026 (+0.10 / +1.0% from the prior 9.80), in a 9.80–9.95 day range on light volume, inside the 52-week band of THB 6.40–10.60. It is above the 30 December 2025 close of THB 7.40. Multiples at last sale are approximately 13.9x TTM earnings and ~0.8x book. Paid-up capital is ~1.78 billion shares.

Market Cap (THB): 17.59B Market Cap (USD): ~$0.524B (at ~THB 33.55/USD)
Current Price: THB 9.90 (as of 12 October 2026 last sale) 52-Week Range: THB 6.40-10.60
P/E Ratio: 13.9 (TTM) P/BV: ~0.8x
Dividend Yield: 5.2% (latest indicated) Avg Daily Value: THB 10M-40M
YTD Performance 2026 : β–² +33.8% (Dec 30 2025 close: THB 7.40; 12 October 2026 last: THB 9.90)
View SET quote β†’

SJWD: launches premium wine bank for rent w/ temp & humidity ctrl, backup power system and high-std security to support demand from collectors, restaurants and shops w/ ltd spaces, debut 1st branch w/in JWD Store It! Siam capacity 36k bottles, 2-3 new branches will be opened w/in 2021.

Comment: Wot da fish….thats the quality of management at the moment? Look at what message this sends about the Thai economy at the moment β€œthe masses are broke and flooded, but the overlords need their chilled wine”

πŸ“Š TISCO.BK Company Background

TISCO Financial Group PCL is a Thai financial services group providing commercial banking, securities, asset management and related services. The share last closed at THB 123.50 on 9 October 2026 (data lag on 12 Oct; prior session range ~122.50–124.50), inside the 52-week band of THB 103–133. It is above the 30 December 2025 close of THB 110.50. Multiples at last known are approximately 14.4x TTM earnings and ~2.3x book. Paid-up capital is ~800.7 million shares. High dividend yield typical of the sector.

Market Cap (THB): 98.9B Market Cap (USD): ~$2.95B (at ~THB 33.55/USD)
Current Price: THB 123.50 (as of 9 October 2026 close; 12 Oct data lag) 52-Week Range: THB 103.00-133.00
P/E Ratio: 14.4 (TTM) P/BV: ~2.3x
Dividend Yield: 6.3% (latest indicated) Avg Daily Value: THB 200M-400M
YTD Performance 2026 : β–² +11.8% (Dec 30 2025 close: THB 110.50; 9 October 2026 close: THB 123.50)
View SET quote β†’

TISCO: The bank only has a few hundred auto loan customers that are affected by the recent flooding, with impacted customers already seeking debt restructuring assistance. The company sees no material risk, given its substantial excess loan-loss reserves, and does not expect to set aside additional provisions. Meanwhile, EV auto loan demand remains strong, and TISCO maintains its loan growth target of 0-5% while keeping its NPL ratio below 2.5%.

Comment: That’s impressively far lower than I thought.

πŸ“Š QUICK Company Background (pre-listing)

Quick Transformation PCL (QUICK) is a Thai IT/IoT/AI solutions company preparing for IPO. IPO offer price THB 5.65 for up to 32 million shares (raising ~THB 180.8m; ~31.4% post-IPO). Booking open 9, 12 and 14 October 2026; expected mai listing 21 October 2026 in the technology sector. Fully diluted P/E ~8.3x based on trailing four quarters to June 2026. First-half 2026 net profit ~THB 34.2m (+105% YoY). No trading price yet; shown vs IPO offer.

Market Cap (THB): ~0.58B (at IPO offer, post-IPO shares) Market Cap (USD): ~$0.017B (at ~THB 33.55/USD)
IPO Offer Price: THB 5.65 (booking 9/12/14 Oct; listing 21 Oct 2026) 52-Week Range: n.a. (pre-listing)
P/E Ratio: 8.3 (fully diluted, trailing) P/BV: n.a.
Dividend Yield: n.a. Paid-up (post-IPO): ~102m shares
YTD / vs IPO : pre-listing (IPO offer THB 5.65; mai listing expected 21 Oct 2026)
View SET quote β†’

QUICK β€” IPO book is open today (also 9 and 14 Oct). 32m shares at ΰΈΏ5.65, P/E 8.29 on the trailing four quarters. First trade on mai 21 Oct, technology. Proceeds ~ΰΈΏ164m for R&D. Founders and management locked 100% of the pre-IPO shares, 70m, 68.63% of the enlarged base.

Comparison Table
Ticker Mkt Cap (USD) Price (THB) P/E (TTM) P/BV Div Yield YTD 2026 Analysis
ASEFA.BK $0.117B 7.45 10.1 ~1.9x 4.7% β–² +111.6% View β†’
AWC.BK $2.96B 3.10 15.5 ~2.5x 2.6% β–² +46.2% View β†’
BEM.BK $2.83B 6.35 25.4 ~2.3x 2.3% β–² +19.8% View β†’
EA.BK $0.598B 2.70 n.a. ~0.6x 0.0% 0.0% View β†’
EKH.BK $0.122B 5.10 15.0 ~1.7x 5.9% β–Ό βˆ’4.7% View β†’
GULF.BK $27.05B 60.75 11.7 ~2.8x 1.8% β–² +45.5% View β†’
KGEN.BK $0.100B 1.50 n.a. ~3.0x 0.0% β–² large View β†’
PCE.BK $0.171B 2.08 18.9 ~1.4x 3.7% β–Ό βˆ’8.4% View β†’
SJWD.BK $0.524B 9.90 13.9 ~0.8x 5.2% β–² +33.8% View β†’
TISCO.BK $2.95B 123.50 14.4 ~2.3x 6.3% β–² +11.8% View β†’
QUICK (pre) ~$0.017B 5.65 8.3 n.a. n.a. pre-listing View β†’
Intraday last sales from Yahoo Finance / vendor sources as of ~11:00–12:30 Bangkok on 12 October 2026 (market open). TISCO uses 9 Oct official close due to data lag. P/E and P/BV are TTM or approximate from recent factsheets / vendor data (n.a. where TTM loss or pre-listing). Market caps use approximate paid-up shares times last sale. USD figures use 33.55. YTD bases are the 30 December 2025 closes where known (approximate for EKH/PCE/KGEN). QUICK is pre-listing (IPO 5.65; mai expected 21 Oct 2026).

Corporate events

Pays today β€” INETREIT ΰΈΏ0.0675 (Jul 2026). PROSPECT ΰΈΏ0.14 from retained earnings. WHART lists 127.5m new units.

Today β€” PF bondholders (15 series) meet at 15:00 by e-meeting. Agenda is a D/E waiver, other waivers, and withdrawal of the trustee’s non-compliance notice. First meeting was 1 Oct.

Closes today β€” PTT treasury sale window (238.7m shares, 0.84%, open since 28 Sep). SPCG tender settlement.

Wednesday XD β€” LH ΰΈΏ0.08 (1H26, from net profit).

Still open β€” BIS tender at ΰΈΏ1.27 through 3 Nov. MAJOR buyback window is open. STPI rights 29 Oct–4 Nov at ΰΈΏ5.55. ROH rights 20–27 Oct at ΰΈΏ0.60. SMT cash-balance runs 12–30 Oct.

Market chatter

(not filings)

SET β€” Closed Friday at 1,577.65, up 7.04. Opened this morning at 1,571.85, down 5.80, on Trump–Russia diesel talk and the Vicor patent case against DELTA (E.D. Texas, filed 8 Sep, patent infringement). IMF–World Bank meetings in Bangkok this week are the broker colour. Not a company filing.

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