Stocks in the news (awc, banpu, global, tbsp, ptech, ttb) 12.05.26
Asset World Corp Public Company Limited invests in, develops, and manages real estate properties in Thailand, operating hotels, lifestyle destinations, community shopping malls, and commercial buildings.
AWC: Quarterly record-high profit of THB1.98bn, +0.9% y/y, beating THB885mn consensus, thanks to strong topline growth (+12% y/y) fueled by ample demand from high-quality international travelers. RevPar hit a record THB5,230/night, while the recently opened Pattaya Marriott Resort and Melia Pattaya also supported earnings
Comment: Just wait til they announce a REIT
Banpu Public Company Limited engages in coal mining and power businesses in Thailand and internationally, including thermal and renewable energy.
BANPU: THB376mn profit vs. net loss of THB482mn y/y, beating THB422mn consensus.
Comment: Coal baby – now I am worried about that coal margins in countries such as indonesia given the difficulty in getting diesel to locations. But the trend is there in ASP.
Siam Global House Public Company Limited engages in the merchandising of construction materials, home decorative products, and tools for construction and home improvement in Thailand and neighboring countries.
GLOBAL: THB803mn, +29% y/y, topping THB632mn consensus.
Infraset Public Company Limited constructs data centers, information technology systems, and telecommunications and transportation network infrastructure in Thailand.
INSET: Upbeat earnings visibility from THB3.9bn backlog pending realization. Expects to secure additional data center construction contracts this year after the BOI approved six investment projects worth THB958bn.
Comment: Update #’s are that all in capex per mw is down to USD 7–8 mn/MW.
Plus Tech Innovation Public Company Limited engages in the distribution of office equipment, computers, IT solutions, and related services in Thailand.
PTECH: Company name changed to TBSP pcl, with ticker changed to TBSP, effective today.
TMBThanachart Bank Public Company Limited provides commercial banking products and services to individuals and businesses in Thailand.
TTB: Launches motorbike hire-purchase business via TTB Leasing, targeting top-3 market share alongside BAY and KKP within three years.
Comment: Let’s see….plenty of players in this space
Summary Table
| Ticker | Price (THB) | Mkt Cap (USD) | YTD 2026 | P/E (TTM) | P/BV | Div Yield | Analysis |
|---|---|---|---|---|---|---|---|
| AWC | 2.12 | $2.1B | +6.0% | 10.7 | 0.7x | 3.8% | View → |
| BANPU | 5.80 | $1.8B | -8.0% | N/A | 0.5x | 6.2% | View → |
| GLOBAL | 6.60 | $1.1B | +10.0% | 18.9 | 2.0x | 3.0% | View → |
| INSET | 3.20 | $79M | +18.5% | 80.0 | 1.9x | 1.3% | View → |
| PTECH | 1.28 | $14M | -15.0% | N/A | 1.7x | N/A | View → |
| TTB | 2.26 | $6.6B | +8.0% | 10.3 | 0.9x | 5.9% | View → |
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