Stocks in the news (auct, qh, sc) 25.02.26
Union Auction Public Company Limited provides auction services for assets, particularly used cars and motorcycles. The company serves as a marketplace for buyers and sellers, focusing on transparency and value creation through its integrated auction management system and professional appraisal services.
AUCT expects mediocre earnings in 2026 due to slower vehicle traffic thru auction yard aft banks tighten on credit approval on hire-purchase, lower repossessed vehicles from restructuring, branch out to auction vehicles from car rent co., corp fleets to diversify earnings.
Comment: Or they could be direct and say that they were mainly selling the cars for Krungsri and the pricing is rubbish which is why the other players in the market are growing market share. But management is comfortable w/ their 80% ROEs
Quality Houses Public Company Limited is a leading property developer in Thailand, focusing on residential and commercial real estate. Its business includes developing land and house projects, condominiums, and managing serviced apartments, office buildings, and hotels for rent.
QH: announced buyback, up to 750m shares (7% of paid-up) under Bt 1.2b budget from Mar 16 till Sept 15, 2026.
Comment: Another one.
SC Asset Corporation Public Company Limited is a prominent Thai real estate developer specializing in premium residential properties, including single detached houses, townhomes, and condominiums. The company also operates rental assets such as office buildings and provides comprehensive living solutions through its technology-driven platforms.
SC t/g 16% CAGR over next 5 yr supported by expansion of non-residential ppty (hotel, industrial & office), improves rev mix from higher recurring income, SDH backlog for mid & upmarket segments, Bt 2.2b hotel venture with Tokyo Tatemono Voco Bangkok Siam by IHG to open door in 2028.
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