BCPG : The company announced the sale of its stake in two US natural gas power plants for THB18bn. It expects to recognize the gain in 3Q26, with immediate cash inflow of THB11bn.

Comment: Perhaps the silliest idea by this company – but let’s see….

CHG gained 6.5% yesterday after Ms. Kobkul Punyapol, Executive Director of CHG, purchased approximately 29 million shares, accounting for around 25% of the day’s trading volume.

Comment: The Thai market is popping. All Thailand needed was a stable government…that’s not military led. 

CPN, CRC: Central Pattana is partnering with Central Retail and both public and private sector partners to launch the “Grand Grand Sale 2026” campaign, aimed at strengthening Thailand’s position as a global shopping hub.

Comment: Or that they have a ridiculous amount of inventory and have to dump it asap.

EPG sees a new S-curve from AI-driven demand, with air duct systems and temperature insulation demand accelerating alongside digital infrastructure expansion.

Comment: ……… No.

INSET reported a record-high backlog of THB5.03bn, driven by data center construction contracts. The company expects to secure an additional THB3bn-4bn from its current THB7.5bn bidding pipeline and reiterated confidence in delivering record-high profit this year.

GUNKUL +2.63% yesterday, extending Wednesday’s 9.2% rally (+33.56% MTD). News flow remains active, with the company updating its five-year CAPEX plan to THB45bn (USD1.4bn) to expand renewable energy projects across Thailand and Asia. The company targets power generation capacity of 2GW by end-2027, up from 1.295GW currently. Momentum has picked up after lagging infra-tech peers, supported by exposure to EPC works for transmission lines, high-voltage substations, and smart grid networks. Other revenue streams include solar farms, solar rooftops, and wind farms across Thailand, Japan, and Vietnam, supported by stable cash flows from PPAs. The company also sees opportunities from data center investments and EGAT transmission upgrades. Current backlog stands at THB4.5bn with THB20bn in pending bids. GUNKUL recently raised its 2027 earnings guidance to THB2.5bn, up 21% y/y, reflecting confidence in the infra-tech upcycle.

Comment: This was part of their plan since the end of last year.

SCB plans to launch its virtual bank, Bank X, by year-end. Management said more time is needed to finalize the business model and develop the technology infrastructure, emphasizing that a virtual bank should offer a differentiated user experience and service model rather than simply migrating traditional banking services online.

Comment: Why oh why does SCB need a virtual bank?

📊 Comparison Table • As of 28 May 2026 (USD/THB 32.60)

Ticker	Mkt Cap (USD)	Price (THB)	P/E (TTM)	P/BV	Div Yield	YTD 2026	Analysis
BCPG.BK	$0.63B	6.85	14.3	0.7x	5.2%	▲ +4.5%	View →
CHG.BK	$0.49B	1.46	16.2	2.0x	4.8%	▲ +8.0%	View →
CPN.BK	$8.91B	64.75	14.8	2.5x	3.7%	▲ +21.7%	View →
CRC.BK	$3.87B	20.90	17.9	2.8x	2.6%	▲ +12.5%	View →
EPG.BK	$0.37B	5.40	10.0	0.8x	4.5%	▲ +38%	View →
INSET.BK	$0.08B	3.35	42.0	1.9x	3.5%	▲ +48%	View →
GUNKUL.BK	$1.06B	3.90	17.7	1.5x	5.8%	▼ -3.5%	View →
SCB.BK	$14.0B	134.50	10.5	1.1x	5.5%	▲ +7.6%	View →

Data sourced from public financial platforms • All values illustrative of 28 May 2026 close • Generated for reference only