Stocks in the news (BANPU, EA, NEX, GULF, ILM, MGC, SYNEX) 12.11.26
Company news
Banpu Public Company Limited engages in coal mining and power businesses. It operates through Next-Gen Mining, U.S. Closed-Loop Gas, Power+, and Future Tech segments, with coal projects in Indonesia, China, Australia and Mongolia; natural gas in the United States; thermal power plants in Thailand, Lao PDR and China; and renewable energy in Japan, China and Vietnam. The share closed at THB 14.10 on 11 November 2026. Market capitalisation is approximately THB 57.10 billion. YTD is positive versus the Dec 30 2025 close of THB 12.60.
| Market Cap (THB): 57.10B | Market Cap (USD): ~$1.70B (at ~THB 33.55/USD) |
| Current Price: THB 14.10 (as of 11 November 2026 close) | 52-Week Range: THB 13.40-15.90 |
| P/E Ratio: 41.5 (TTM) | P/BV: 1.10x |
| Dividend Yield: 6.8% (latest indicated) | Avg Daily Value: THB 351M |
BANPU — Reported Q3/69 net profit of ฿1,709.17m (+62.1% YoY, from ฿1,054.51m). EPS ฿0.43. Nine-month net profit ฿3,688.24m (versus a loss of ฿373.29m a year earlier). EPS ฿0.95. Earnings print.
Energy Absolute Public Company Limited develops and operates renewable energy projects, including solar and wind power, and is involved in electric vehicle and battery businesses in Thailand. It focuses on clean energy solutions and related technologies. The share closed at THB 2.46 on 11 November 2026. Market capitalisation is approximately THB 18.28 billion. YTD is negative versus the Dec 30 2025 close of THB 2.70.
| Market Cap (THB): 18.28B | Market Cap (USD): ~$0.54B (at ~THB 33.55/USD) |
| Current Price: THB 2.46 (as of 11 November 2026 close) | 52-Week Range: THB 2.40-3.64 |
| P/E Ratio: n.a. (TTM loss) | P/BV: 0.53x |
| Dividend Yield: 0.0% (latest indicated) | Avg Daily Value: THB 80M |
Nex Point Public Company Limited is a pioneer in Thailand’s commercial electric vehicle sector, providing total green logistics solutions including EV buses, coaches, trucks, industrial vehicles, maintenance, repair services, spare parts, and related hardware/software for inventory and logistics systems. The share closed at THB 0.75 on 11 November 2026. Market capitalisation is approximately THB 4.65 billion. YTD is negative versus the Dec 30 2025 close of THB 1.21.
| Market Cap (THB): 4.65B | Market Cap (USD): ~$0.14B (at ~THB 33.55/USD) |
| Current Price: THB 0.75 (as of 11 November 2026 close) | 52-Week Range: THB 0.70-1.44 |
| P/E Ratio: n.a. (TTM loss) | P/BV: 1.06x |
| Dividend Yield: 0.0% (latest indicated) | Avg Daily Value: THB 3.7M |
EA & NEX: expects to deliver 1,520 electric buses to BMTA by 1Q70, supporting its Bt6-7bn rev t/g, sees stronger competitiveness from higher diesel px and Chinese import tariffs, while highlighting EV trucks’ lower operating costs, mulls expand e-bus customer base across gov’t, education, and private sectors
Comment: Wait wait wait – these guys are crooks remember? Oh but this is Thailand…
Gulf Development Public Company Limited generates and sells electricity and steam to public and private clients in Thailand and internationally. It operates through Power Business, Consulting Business, Infrastructure Business and Satellite and Digital Business segments. The share closed at THB 63.25 on 11 November 2026. Market capitalisation is approximately THB 945 billion. YTD is strongly positive versus the Dec 30 2025 close of THB 41.75.
| Market Cap (THB): 945B | Market Cap (USD): ~$28.16B (at ~THB 33.55/USD) |
| Current Price: THB 63.25 (as of 11 November 2026 close) | 52-Week Range: THB 39.75-68.50 |
| P/E Ratio: 12.4 (TTM) | P/BV: 2.86x |
| Dividend Yield: 2.2% (latest indicated) | Avg Daily Value: THB 2,220M |
GULF: partner w/ PetroChina Int’l to expand LNG trading into int’l mkt.
Comment: Are they looking to be sanctioned by the US? Or it doesn’t matter.
Index Living Mall Public Company Limited operates as a retailer of furniture, furnishings, fixtures and appliances in Thailand, with both physical stores and an online platform. Established in 1973 and headquartered in Bangkok. The share closed at THB 13.90 on 11 November 2026. Market capitalisation is approximately THB 7.02 billion. YTD is modestly positive versus the Dec 30 2025 close of THB 13.60.
| Market Cap (THB): 7.02B | Market Cap (USD): ~$0.21B (at ~THB 33.55/USD) |
| Current Price: THB 13.90 (as of 11 November 2026 close) | 52-Week Range: THB 12.10-14.90 |
| P/E Ratio: 9.1 (TTM) | P/BV: 1.07x |
| Dividend Yield: 7.4% (latest indicated) | Avg Daily Value: THB 3.0M |
ILM Reported Q3/69 revenue of ฿2,749.1m (+10.1%) and net profit of ฿316.9m (+73.9%, from ฿182.2m). Includes ฿141m insurance recovery for the 2025 Hat Yai flood. Excluding the recovery, net profit still rose 3.4%. Nine-month net profit ฿714.9m. Earnings print.
Comment: Still decent given how crap the domestic econ is.
Millennium Group Corporation (Asia) Public Company Limited is engaged in the sale of automobiles, yachts and spare parts, car maintenance and other services, car rental, telephone systems, computer programs, human resource development, training, marketing management, insurance brokerage, vehicle leasing and customer acquisition for private jet charter services. The share closed at THB 6.50 on 11 November 2026. Market capitalisation is approximately THB 7.24 billion. YTD is strongly positive versus the Dec 30 2025 close of THB 4.40.
| Market Cap (THB): 7.24B | Market Cap (USD): ~$0.22B (at ~THB 33.55/USD) |
| Current Price: THB 6.50 (as of 11 November 2026 close) | 52-Week Range: THB 3.72-10.80 |
| P/E Ratio: 3.9 (TTM) | P/BV: 1.27x |
| Dividend Yield: 5.4% (latest indicated) | Avg Daily Value: THB 26.7M |
MGC: reaffirms solid 4Q driven by newly launched Xpeng L03 and G9L AWD, t/g 3k units sales from an upcoming Motor Expo event Dec 3-13, in talks w/ Xpeng to establish an EV manufacturing plant in TH.
Comment: The flying car will be the top for their share price.
Synnex (Thailand) Public Company Limited is a leading distributor of IT products, electronics and computer equipment in Thailand, serving commercial and consumer markets with a broad portfolio of hardware, software and related solutions. The share closed at THB 9.10 on 11 November 2026. Market capitalisation is approximately THB 7.71 billion. YTD is negative versus the Dec 30 2025 close of THB 9.95.
| Market Cap (THB): 7.71B | Market Cap (USD): ~$0.23B (at ~THB 33.55/USD) |
| Current Price: THB 9.10 (as of 11 November 2026 close) | 52-Week Range: THB 8.55-11.30 |
| P/E Ratio: 9.4 (TTM) | P/BV: 1.57x |
| Dividend Yield: 5.3% (latest indicated) | Avg Daily Value: THB 12.6M |
SYNEX: keeps Bt 53b FY26 rev t/g, supported by strong IT dmd and new iPhone launches, expects +ve sales momentum con’t after cabinet approved new tax on imported e-commerce goods, improving competition for local distributors.
Comment: Nothing like government regulations to improve one’s market share.
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| BANPU.BK | ~$1.70B | 14.10 | 41.5 | 1.10x | 6.8% | ▲ +11.9% | View → |
| EA.BK | ~$0.54B | 2.46 | n.a. | 0.53x | 0.0% | ▼ -8.9% | View → |
| NEX.BK | ~$0.14B | 0.75 | n.a. | 1.06x | 0.0% | ▼ -38.0% | View → |
| GULF.BK | ~$28.16B | 63.25 | 12.4 | 2.86x | 2.2% | ▲ +51.5% | View → |
| ILM.BK | ~$0.21B | 13.90 | 9.1 | 1.07x | 7.4% | ▲ +2.2% | View → |
| MGC.BK | ~$0.22B | 6.50 | 3.9 | 1.27x | 5.4% | ▲ +47.7% | View → |
| SYNEX.BK | ~$0.23B | 9.10 | 9.4 | 1.57x | 5.3% | ▼ -8.5% | View → |
Corporate events
XD today — MMM ฿0.04 (1 Jul–30 Sep 2026, from net profit). TMILL ฿0.06 (1 Jan–30 Jun 2026). TSTE ฿0.08 (1 Jan–30 Jun 2026). Also AAPL01, AAPL03, AAPL19, AAPL80.
Pays today — CSCO06, OXY03.
Still open — BIS tender at ฿1.27 closed 2 Nov. Payment was 5 Nov. Offerors are Phatcharee Nanthawatsiri, Sarawut Techasattaya and Rungnapa Tachasattaya. Not for delisting. MAJOR buyback window is open. LHHOTEL went XR on 5 Nov (1 : 0.1714). PTT’s capital reduction (238.66m treasury shares cancelled) registered 30 Oct. TL rights went ex 30 Oct (9 : 1 at ฿0.50). SMT’s ฿566m land-and-plant buy and TBN’s JurisTech MOU are still the open files. TTB’s ฿14bn general-offer buyback (16–27 Nov, ~฿2.49–2.63) is still the open file. BAM’s ฿4.5bn social bond is still the open file. BCP’s Q3 net profit of ฿9,849m, BCPG’s Q3 normalised profit of ฿1,287.8m, IVL’s Q3 net profit of ฿2,169.30m, GUNKUL’s Q3 of ฿818.15m (interim ฿0.02, XD 20 Nov) and PR9’s Q3 of ฿236.74m are still the open earnings prints. AP’s net presales hit ฿41.5bn for Jan–Oct. OHTL went XD ฿8.00 on 11 Nov. SCM went XR (1 : 3 at ฿0.15) on 11 Nov. Not a filing.
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