Stocks in the news (bay, bem, ccet, ea, fte, itc, xo) 26.05.26
Bank of Ayudhya Public Company Limited, together with its subsidiaries, provides commercial banking products and services to individuals, corporates, small and medium-sized businesses, and financial institutions. The company operates through Retail, Commercial, and Others segments.
| Market Cap (THB): 215B | Market Cap (USD): ~$6.6B (at ~THB 32.60/USD) |
| Current Price: THB 29.25 (as of 25 May 2026 close) | 52-Week Range: THB 20.70-31.75 |
| P/E Ratio: 7.0 (TTM) | P/BV: 0.51x |
| Dividend Yield: 4.44% (latest indicated) | Avg Daily Value: THB 20M-30M |
BAY: Potential ROE uplift via dividend payout increase after TIDLOR (46.51% holding) paid a higher-than-expected dividend of THB 0.69/share plus buyback program. Acquisition of CIMB Thai’s auto hire-purchase portfolio is expected to conclude in 4Q.
Comment: It is amusing how BAY has flip-flopped on their TIDLOR stake.
Bangkok Expressway and Metro Public Company Limited, together with its subsidiaries, provides transportation services in Thailand. It operates through Expressway Business, Rail Business, Commercial Development Business, and Others segments.
| Market Cap (THB): 77.1B | Market Cap (USD): ~$2.37B (at ~THB 32.60/USD) |
| Current Price: THB 5.20 (as of 25 May 2026 close) | 52-Week Range: THB 4.56-6.30 |
| P/E Ratio: 20.6 (TTM) | P/BV: 2.05x |
| Dividend Yield: 2.88% (latest indicated) | Avg Daily Value: THB 150M-170M |
BEM: Blue and Purple MRT lines will go completely cashless from Jun 1 after fully transitioning to EMV (Europay, Mastercard, Visa, UnionPay) contactless payments. Original MRT and MRT Plus fare cards will no longer be valid for travel. Existing card holders can request a free replacement for the new card.
Comment: Boom. Makes far more sense….hello BTS?
Cal-Comp Electronics (Thailand) Public Company Limited, together with its subsidiaries, manufactures electronic products worldwide including computer peripherals, telecommunication products, smart appliances, semiconductor packaging, and robotics.
| Market Cap (THB): 91.4B | Market Cap (USD): ~$2.8B (at ~THB 32.60/USD) |
| Current Price: THB 9.15 (as of 25 May 2026 close) | 52-Week Range: THB 4.14-9.40 |
| P/E Ratio: 46.0 (TTM) | P/BV: 2.66x |
| Dividend Yield: 1.97% (latest indicated) | Avg Daily Value: THB 700M-800M |
CCET: The SET imposed trading curbs after securities triggered market surveillance measures following irregular price and volume movements, effective May 26–Jun 15. Cash balance rules apply; stock is excluded from credit limits. CCET has risen 53.78% over the past 4 days.
Comment: Just let the markets go wild….
Energy Absolute Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of crude palm oil, biodiesel, electricity from renewable sources, electric vehicles, and batteries in Thailand.
| Market Cap (THB): 23.9B | Market Cap (USD): ~$0.73B (at ~THB 32.60/USD) |
| Current Price: THB 3.22 (as of 25 May 2026 close) | 52-Week Range: THB 2.04-3.88 |
| P/E Ratio: N/A (TTM) | P/BV: 0.65x |
| Dividend Yield: N/A (latest indicated) | Avg Daily Value: THB 200M-250M |
EA: Signed an e-bus assembly contract with Nakhonchai Air for a total of 1,520 units, with the first delivery of 500 vehicles in 2Q27.
Firetrade Engineering Public Company Limited designs, sells, installs, repairs, and maintains fire protection equipment and systems for commercial, industrial, and residential buildings in Thailand.
| Market Cap (THB): 1.51B | Market Cap (USD): ~$0.046B (at ~THB 32.60/USD) |
| Current Price: THB 2.26 (as of 25 May 2026 close) | 52-Week Range: THB 1.52-2.36 |
| P/E Ratio: 10.9 (TTM) | P/BV: 1.65x |
| Dividend Yield: 8.0% (latest indicated) | Avg Daily Value: THB 0.6M-0.7M |
FTE: Revised up FY26 revenue target to THB 1.7bn from THB 1.5bn, driven by THB 900mn backlog pending recognition. Margin expansion is supported by higher contribution from data centers (30%), followed by high-rise projects (30%), substations (20%), and factories (20%). The company is also considering bidding for fire protection system contracts worth THB 700–800mn, targeting at least 30% win rate.
Comment: Part of me still wonders when we are going to see a bigger sub-station rollout throughout the country
i-Tail Corporation Public Company Limited manufactures, imports, and distributes premium pet food products for cats and dogs under various brands including Bellotta and other international labels.
| Market Cap (THB): 48.9B | Market Cap (USD): ~$1.5B (at ~THB 32.60/USD) |
| Current Price: THB 16.30 (as of 25 May 2026 close) | 52-Week Range: THB 10.00-18.10 |
| P/E Ratio: 15.5 (TTM) | P/BV: 2.02x |
| Dividend Yield: 5.5% (latest indicated) | Avg Daily Value: THB 100M-110M |
ITC: Management expects 2H26 to be high season, supporting demand. FY26 revenue is projected to grow 8–11% y/y, driven by an expanding customer portfolio. The company is actively negotiating with customers to adjust prices to reflect rising energy costs and plans to invest THB 1bn in automation to reduce costs and increase production capacity.
Comment: High oil prices are terrible for their business.
Exotic Food Public Company Limited manufactures and distributes seasoning, sauces, cooking pastes, snacks, and other food products for both domestic and international markets under the Exotic Food and Thai Pride brands.
| Market Cap (THB): 5.53B | Market Cap (USD): ~$0.17B (at ~THB 32.60/USD) |
| Current Price: THB 12.90 (as of 25 May 2026 close) | 52-Week Range: THB 12.70-19.00 |
| P/E Ratio: 10.6 (TTM) | P/BV: 2.99x |
| Dividend Yield: 5.4% (latest indicated) | Avg Daily Value: THB 6M-8M |
XO: The company is seeing strong orders from the European market, with total sales of 5,565 tons in 1Q26. It benefits from BOI tax incentives, supporting margins, and is aggressively expanding its international customer base. It is preparing to participate in THAIFEX – Anuga Asia 2026 (May 26–30) to capture new growth opportunities.
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