Stocks in the news (BBL, GULF, JMT, NER, PTT, SMT, STA, TITLE, TL) 30.10.26
Company news
Bangkok Bank Public Company Limited is one of Thailand’s largest commercial banks, providing a full range of banking, financial and investment services to corporate, SME and retail customers domestically and internationally. The share closed at THB 187.50 on 29 October 2026. Market capitalisation is approximately THB 358 billion. YTD is positive versus the Dec 30 2025 close of THB 169.50.
| Market Cap (THB): 358B | Market Cap (USD): ~$10.62B (at ~THB 33.71/USD) |
| Current Price: THB 187.50 (as of 29 October 2026 close) | 52-Week Range: THB 154.50-204.00 |
| P/E Ratio: 8.5x (TTM) | P/BV: 0.62x |
| Dividend Yield: 5.3% (latest indicated) | Avg Daily Value: THB 1,820M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
BBL: keeps FY loan growth t/g btw 2-3%, the same for 2027, no plan for extra LLP in 4Q, sees Permata buyout as an option if volatility persists in the Indonesian market.
Comment: Scenario – The family tells the auditor “If you would like to continue being the auditor of the companies we finance, you will not advise us to write down long-term investments”
Gulf Development Public Company Limited is a leading Thai power producer and infrastructure developer, generating and selling electricity and steam from gas-fired, solar, wind and other projects, and expanding into related infrastructure and digital businesses. The share closed at THB 61.25 on 29 October 2026. Market capitalisation is approximately THB 915 billion. YTD is positive versus the Dec 30 2025 close of THB 41.75.
| Market Cap (THB): 915B | Market Cap (USD): ~$27.14B (at ~THB 33.71/USD) |
| Current Price: THB 61.25 (as of 29 October 2026 close) | 52-Week Range: THB 39.75-68.50 |
| P/E Ratio: 12.1x (TTM) | P/BV: 2.91x |
| Dividend Yield: 2.3% (latest indicated) | Avg Daily Value: THB 2,178M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
GULF: acquired 50% equity interest in 90mw solar pj frm Ubon Bio Agricultural (UBA), a subsidiary under Ubon Bio Ethanol (UBE) for Bt 107.6m, power to sell under 25Y PPA to Electricity Generating of TH (EGAT), scheduled to cod in 2029.
JMT Network Services Public Company Limited provides debt collection, distressed debt management and related financial services primarily for banks and institutions in Thailand. The share closed at THB 10.50 on 29 October 2026. Market capitalisation is approximately THB 15.3 billion. YTD is positive versus the Dec 30 2025 close of THB 8.75.
| Market Cap (THB): 15.3B | Market Cap (USD): ~$0.45B (at ~THB 33.71/USD) |
| Current Price: THB 10.50 (as of 29 October 2026 close) | 52-Week Range: THB 7.65-13.00 |
| P/E Ratio: 16.0x (TTM) | P/BV: 0.56x |
| Dividend Yield: 6.7% (latest indicated) | Avg Daily Value: THB 59M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
JMT: Successfully completed its Bt2.0bn bond issuance, with strong demand from both institutional and retail investors leading to a full subscription. The outcome reflects investor confidence in the company’s business prospects and financial management capabilities.
Comment: Liquidity hasn’t been an issue for the group. The issue is the government policy that’s been delaying the sales by the banks.
North East Rubber Public Company Limited produces and distributes natural rubber products, including latex concentrate, block rubber and related items, primarily for export and domestic industrial use. The share closed at THB 4.66 on 29 October 2026. Market capitalisation is approximately THB 8.6 billion. YTD is positive versus the Dec 30 2025 close of THB 4.20.
| Market Cap (THB): 8.6B | Market Cap (USD): ~$0.26B (at ~THB 33.71/USD) |
| Current Price: THB 4.66 (as of 29 October 2026 close) | 52-Week Range: THB 4.12-5.40 |
| P/E Ratio: 6.2x (TTM) | P/BV: 0.88x |
| Dividend Yield: 6.7% (latest indicated) | Avg Daily Value: THB 37M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
NER: Ribbed Smoked SheetNo.3 (RSS3) have surged to Bt97.9/kg, the highest in a decade, driven by tight global supply. The mgmt remains confident of achieving Bt30bn revenue this year, while brokers expect 3Q earnings to jump 52% YoY. The Streets see that as attractive valuation with a TP of up to Bt7.20, trading below book value (Bt5.37/share) and supported by a high dividend yield.
PTT Public Company Limited is Thailand’s national integrated energy company, engaged in oil, gas, petrochemicals, refining, retail and related infrastructure and energy businesses. The share closed at THB 42.25 on 29 October 2026. Market capitalisation is approximately THB 1,207 billion. YTD is positive versus the Dec 30 2025 close of THB 32.00.
| Market Cap (THB): 1,207B | Market Cap (USD): ~$35.81B (at ~THB 33.71/USD) |
| Current Price: THB 42.25 (as of 29 October 2026 close) | 52-Week Range: THB 30.00-43.75 |
| P/E Ratio: 9.7x (TTM) | P/BV: 1.00x |
| Dividend Yield: 6.2% (latest indicated) | Avg Daily Value: THB 4,301M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
PTT Capital reduction from the cancelled treasury shares is registering today. Paid-up capital falls from 28,562,996,250 to 28,324,335,850 shares of ฿1 (238,660,400 shares cancelled, 0.84%). Shares were sold 28 Sep–12 Oct. Filed earlier this month; registration step is today.
Comment: Do you understand the regulations now? When a company in Thailand wants to cancel it’s purchased treasury shares, it has to first announce a sale, then after the period has passed it can announce to cancel the shares.
Stars Microelectronics (Thailand) Public Company Limited provides electronic manufacturing services, including assembly and testing of semiconductors and electronic components for global customers. The share closed at THB 7.40 on 29 October 2026. Market capitalisation is approximately THB 6.2 billion. YTD is strongly positive versus the Dec 30 2025 close of THB 1.07.
| Market Cap (THB): 6.2B | Market Cap (USD): ~$0.18B (at ~THB 33.71/USD) |
| Current Price: THB 7.40 (as of 29 October 2026 close) | 52-Week Range: THB 1.06-7.80 |
| P/E Ratio: n.a. (TTM loss) | P/BV: 3.74x |
| Dividend Yield: 0.4% (latest indicated) | Avg Daily Value: THB 190M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
SMT: The Co is strengthening its growth outlook following its plan to invest in a new factory to support its Optical and OSAT businesses from 2027 onward. The expansion will increase production capacity by 46%, adding approximately 10,000 sqm to its existing 22,000 sqm, with Phase 1 expected to commence operations in 3Q27. Annual revenue capacity is projected to rise to Bt6bn from Bt3.5-4.0bn currently.
Sri Trang Agro-Industry Public Company Limited is a major producer and distributor of natural rubber products, including block rubber, latex and rubber gloves, serving global markets. The share closed at THB 22.40 on 29 October 2026. Market capitalisation is approximately THB 34.5 billion. YTD is positive versus the Dec 30 2025 close of THB 12.20.
| Market Cap (THB): 34.5B | Market Cap (USD): ~$1.02B (at ~THB 33.71/USD) |
| Current Price: THB 22.40 (as of 29 October 2026 close) | 52-Week Range: THB 11.20-24.20 |
| P/E Ratio: 95.4x (TTM) | P/BV: 0.71x |
| Dividend Yield: 4.5% (latest indicated) | Avg Daily Value: THB 337M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
STA: Elevated rubber prices should persist on tight global supply, particularly from declining Indonesian output, while demand remains resilient. STA’s integrated upstream-to-downstream model supports raw material security, cost control, and earnings resilience, with EUDR implementation in Europe a potential catalyst.
Rhom Bho Property Public Company Limited develops and manages real estate projects, including residential and commercial properties in Thailand. The share closed at THB 8.20 on 29 October 2026. Market capitalisation is approximately THB 6.4 billion. YTD is positive versus the Dec 30 2025 close of THB 5.30.
| Market Cap (THB): 6.4B | Market Cap (USD): ~$0.19B (at ~THB 33.71/USD) |
| Current Price: THB 8.20 (as of 29 October 2026 close) | 52-Week Range: THB 4.78-9.65 |
| P/E Ratio: 7.1x (TTM) | P/BV: 3.43x |
| Dividend Yield: 0.5% (latest indicated) | Avg Daily Value: THB 2.4M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
TITLE: partners w/ Tokyo Tatemono (TH) to develop 175 guest rooms hotel, VOCO Phuket Bangtao, upmkt pj under IHG chain, t/g cod in 2027.
Comment: Well why not…
Techlead Next Public Company Limited is a technology and electronics-related company listed on the SET, focused on components and related services. The share closed at THB 0.45 on 29 October 2026. Market capitalisation is approximately THB 2.5 billion. YTD is positive versus the Dec 30 2025 close of THB 0.30.
| Market Cap (THB): 2.5B | Market Cap (USD): ~$0.07B (at ~THB 33.71/USD) |
| Current Price: THB 0.45 (as of 29 October 2026 close) | 52-Week Range: THB 0.25-0.51 |
| P/E Ratio: 13.2x (TTM) | P/BV: 2.77x |
| Dividend Yield: 0.0% (latest indicated) | Avg Daily Value: THB 1.0M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 29 Oct 2026 close. Avg daily value ≈ 3-month avg volume × last price.
TL Rights go ex today. 9 : 1 at ฿0.50. EGM is still to approve the RO. Filed earlier.
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| BBL | $10.62B | 187.50 | 8.5x | 0.62x | 5.3% | ▲ +10.6% | View → |
| GULF | $27.14B | 61.25 | 12.1x | 2.91x | 2.3% | ▲ +46.7% | View → |
| JMT | $0.45B | 10.50 | 16.0x | 0.56x | 6.7% | ▲ +20.0% | View → |
| NER | $0.26B | 4.66 | 6.2x | 0.88x | 6.7% | ▲ +11.0% | View → |
| PTT | $35.81B | 42.25 | 9.7x | 1.00x | 6.2% | ▲ +32.0% | View → |
| SMT | $0.18B | 7.40 | n.a. | 3.74x | 0.4% | ▲ +591.6% | View → |
| STA | $1.02B | 22.40 | 95.4x | 0.71x | 4.5% | ▲ +83.6% | View → |
| TITLE | $0.19B | 8.20 | 7.1x | 3.43x | 0.5% | ▲ +54.7% | View → |
| TL | $0.07B | 0.45 | 13.2x | 2.77x | 0.0% | ▲ +50.0% | View → |
Corporate events
Ex today — only foreign DRs (COSTCO, HK, MS, SGX, TXN).
Still open — BIS tender at ฿1.27 through 3 Nov. MAJOR buyback window is open. STPI rights 29 Oct–4 Nov at ฿5.55. SMT cash-balance ends today.
Market chatter
(not filings)
SET — Closed yesterday at 1,544.60, down 21.50 (−1.37%). DELTA −4.74% to ฿221, PTTGC −8.82% to ฿46.50, SCC −5.76% to ฿262, TOP −5.36%. Energy-policy talk and mixed 3Q numbers. Foreigners sold. SET denied grey-money outflow. Brokers talking 1,530–1,560. Not a filing.
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