Stocks in the news (bcp, centel, kgen, pttep, thai) 22.07.26
BCP.BK – Bangchak Corporation Public Company Limited
Integrated energy company engaged in petroleum refining & marketing, biofuels, power generation (including renewables), and natural resources across Thailand and internationally.
| Market Cap (THB) | 65.83 B |
| Market Cap (USD) | 1.97 B |
| Current Price | 45.00 THB |
| 52-Week Range | 24.20 – 45.25 THB |
| P/E (TTM) | 21.63 |
| P/BV | 0.98 |
| Dividend Yield | 2.33% |
| Avg Daily Value | ~271 mn THB |
▲ +73.08% (26.00 → 45.00 THB)
BCP – State-controlled Vayupak Fund 1 reduced its holding in BCP by 0.1742% to 14.8609% on 20 July.
Comment: Let’s see if the funny business at BCP’s shareholder level is going to subside.
CENTEL.BK – Central Plaza Hotel Public Company Limited
Operates hotels and resorts under Centara and related brands in Thailand, Maldives and Japan, together with food & beverage and hotel management services.
| Market Cap (THB) | 51.30 B |
| Market Cap (USD) | 1.53 B |
| Current Price | 38.00 THB |
| 52-Week Range | 25.50 – 40.50 THB |
| P/E (TTM) | 15.14 |
| P/BV | 2.06 |
| Dividend Yield | 1.76% |
| Avg Daily Value | ~198 mn THB |
▲ +10.95% (34.25 → 38.00 THB)
CENTEL reported a 10% y/y decline in 2Q26 RevPAR to THB3,328, largely due to weaker performance at its Dubai and Japan properties as geopolitical tensions in the Middle East affected travel demand. Thailand and the Maldives continued to demonstrate comparatively stronger resilience.
Comment: As long as nothing happens domestically, YoY #’s are going to look great going forward.
KGEN.BK – King Gen Public Company Limited
Provides passenger and goods transportation services in Thailand; also engages in related manufacturing activities (formerly Nation Broadcasting).
| Market Cap (THB) | 3.74 B |
| Market Cap (USD) | 111.6 M |
| Current Price | 1.81 THB |
| 52-Week Range | 0.49 – 2.34 THB |
| P/E (TTM) | N/A |
| P/BV | 3.77 |
| Dividend Yield | N/A |
| Avg Daily Value | ~31 mn THB |
▲ +50.83% (1.20 → 1.81 THB)
KGEN will officially launch LEPAS L6, a new premium brand under Chery, on 24 July. The company targets 50,000 combined LEPAS and JAECOO pre-orders in 2H26 and expects proceeds from KGEN-W2 exercises to further strengthen its capital base.
Comment: B grade version of MGC
PTTEP.BK – PTT Exploration and Production Public Company Limited
Thailand’s leading upstream oil & gas company engaged in exploration, development and production of petroleum in Thailand and internationally; also active in gas pipelines and renewables.
| Market Cap (THB) | 583.59 B |
| Market Cap (USD) | 17.42 B |
| Current Price | 147.00 THB |
| 52-Week Range | 104.00 – 164.00 THB |
| P/E (TTM) | 10.51 |
| P/BV | 1.10 |
| Dividend Yield | 5.95% |
| Avg Daily Value | ~2,647 mn THB |
▲ +30.09% (113.00 → 147.00 THB)
PTTEP is expected to report a solid earnings recovery in 2Q26, supported by higher sales volumes of around 570k boepd, stronger average selling prices and hedging gains amid firmer oil prices.
Comment: Why is part of me thinking that PTT Group is perhaps the best large cap mid-term play…
THAI.BK – Thai Airways International Public Company Limited
National flag carrier providing passenger, cargo and mail air transportation, together with related services including ground handling, catering, maintenance and duty-free.
| Market Cap (THB) | 171.24 B |
| Market Cap (USD) | 5.11 B |
| Current Price | 6.05 THB |
| 52-Week Range | 3.32 – 19.40 THB |
| P/E (TTM) | 5.50 |
| P/BV | 1.92 |
| Dividend Yield | 3.47% |
| Avg Daily Value | ~561 mn THB |
▼ -12.95% (6.95 → 6.05 THB)
Investor attention remains focused on THAI ahead of the full share unlock on 3 August. Management said institutional investors continue to support the airline’s long-term growth strategy, while advance bookings from Europe point to improving aviation demand in 3Q26. The company remains focused on yield management, fleet efficiency and cost reduction.
Comment: We’re all waiting and seeing what’s going to happen w/ the share price.
Comparison Table (as of 21 July 2026)
Data as of 21 July 2026. Market Cap USD converted at USD/THB 33.50. YTD calculated from 30 Dec 2025 closing price. Avg Daily Value is approximate (Avg Volume × Price).
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Paul Renaud
Thai Bank stocks correcting in a massive way today, along with overvalued over hyped Delta, now at a 3 month low. While select value stocks here touted for some time well outperforming. Here shared PRM up 50% since as is PSP and lately Fsmart moving..not least Pylon here mentioned 20% ago barely a month ago. Ah le institutional dogma.