Stocks in the news (bem, cpn, hana, gulf, plt, preb, tfg) 24.06.26
BEM.BK — Bangkok Expressway and Metro Public Company Limited
Bangkok Expressway and Metro Public Company Limited, together with its subsidiaries, provides transportation services in Thailand. It operates expressways and rapid rail transit systems (MRT) in the Bangkok metropolitan area.
| Market Cap (THB) | 91.37B |
| Market Cap (USD) | 2.77B |
| Current Price (23 Jun 2026) | 6.00 THB |
| 52-Week Range | 4.58 – 6.30 THB |
| P/E (TTM) | 24.40 |
| P/BV | 2.35 |
| Dividend Yield | 2.52% |
| Avg Daily Value (THB) | ฿200.8M |
BEM: The govt has announced plans to submit its joint ticketing proposal to the Cabinet, with a common fare system for all MRT lines targeted for launch on Jan 1st, 2027, capping fares between Bt 17-45 for a single continuous trip, regardless of the number of transfers. The Streets see +ve news for BEM which will boost passenger numbers by 10-30% and strong growth in 2027-2028.
Comment: Isn’t it great when the oligopolies can assist in dictating terms
CPN.BK — Central Pattana Public Company Limited
Central Pattana Public Company Limited develops and manages real estate properties in Thailand. It constructs, develops, and manages shopping malls, office buildings, hotels, and residential projects for lease.
| Market Cap (THB) | 302.94B |
| Market Cap (USD) | 9.18B |
| Current Price (23 Jun 2026) | 64.25 THB |
| 52-Week Range | 45.25 – 70.50 THB |
| P/E (TTM) | 15.45 |
| P/BV | 2.59 |
| Dividend Yield | 3.62% |
| Avg Daily Value (THB) | ฿446.1M |
CPN expands Megabangna project at Bt6bn with completion at 3Q28, jointly developed by Ikano Centers to add 170k sqm bringing total area to 800k sqm (+26% of the project). This comes after Megabanga proved strong operations, 100% occupancy rate within one of BKK’s fastest-growing sub-urban area. This represents only the halfway point of a larger (Bt70bn) mixed-use development plan. The broader masterplan spans >325 rais (>1.3mn sqm). News is inline with capex plan at Bt20bn FY26
Comment: This is the benefit of going into Covid debt-free, they’re just going to continue to dominate the country with the destinations that they’re building.
HANA.BK — Hana Microelectronics Public Company Limited
Hana Microelectronics Public Company Limited engages in the manufacture and trading of electronic components. It provides printed circuit board assemblies, semiconductor packaging, LED packaging, and outsourced semiconductor assembly & testing (OSAT) services.
| Market Cap (THB) | 33.64B |
| Market Cap (USD) | 1.02B |
| Current Price (23 Jun 2026) | 36.00 THB |
| 52-Week Range | 15.10 – 42.00 THB |
| P/E (TTM) | 111.76 |
| P/BV | 1.25 |
| Dividend Yield | 2.63% |
| Avg Daily Value (THB) | ฿1.30B |
HANA confirmed that all Thermoelectric Cooling (TEC) parts submitted to Phononic have successfully passed qualification. This represents an important technical milestone and meaningfully reduces execution risk at the product level.
Comment: Even though I think phononic’s is old tech by today’s standards – perhaps this all works out well for hana and then they may clear up Korea/China and the future looks decent.
GULF.BK — Gulf Development Public Company Limited
Gulf Development Public Company Limited generates and sells electricity and steam in Thailand and internationally. It operates gas-fired, solar, wind, biomass, waste-to-energy, and hydroelectric power projects.
| Market Cap (THB) | 907.60B |
| Market Cap (USD) | 27.50B |
| Current Price (23 Jun 2026) | 60.50 THB |
| 52-Week Range | 38.75 – 68.50 THB |
| P/E (TTM) | 35.74 |
| P/BV | 2.65 |
| Dividend Yield | 1.71% |
| Avg Daily Value (THB) | ฿3.67B |
GULF: CEO, Satath Ratanavadi, bot 33.5m shrs @ Bt 59 worth Bt 1.976b via Gulf Holding (TH) thru overnight placement y’day, lifts holding of the entity to 4.15% frm 3.8% of paid-up.
Comment: “Hey UBS, I need more leverage, NOW!”
PLT.BK — Pilatus Marine Public Company Limited
Pilatus Marine Public Company Limited provides marine and land transportation services for liquefied petroleum gas (LPG) and petrochemical products in Thailand and internationally. It also operates LPG logistics and filling stations.
| Market Cap (THB) | 528M |
| Market Cap (USD) | 16.0M |
| Current Price (23 Jun 2026) | 0.55 THB |
| 52-Week Range | 0.49 – 0.71 THB |
| P/E (TTM) | 9.17 |
| P/BV | 0.58 |
| Dividend Yield | 3.64% |
| Avg Daily Value (THB) | ฿0.67M |
PLT: The Co to sign six contracts in the 2H26 to gain strength in transporting LPG, industrial gas, which help lock in further revenue growth. The mgmt is rushing to control costs. Increase fleet efficiency and hoping to raise long-term margins and adjust business models to support sustainable growth over the next 5 years.
PREB.BK — Pre-Built Public Company Limited
Pre-Built Public Company Limited engages in construction contractual business in Thailand, offering building construction (office, commercial, residential, hospital, school), precast floor products, and real estate development.
| Market Cap (THB) | 1.07B |
| Market Cap (USD) | 32.5M |
| Current Price (23 Jun 2026) | 3.44 THB |
| 52-Week Range | 3.30 – 4.10 THB |
| P/E (TTM) | 4.90 |
| P/BV | 0.40 |
| Dividend Yield | 5.75% |
| Avg Daily Value (THB) | ฿0.25M |
PREB: secured 2 mixed-use construction pj worth Bt 2b, lifting backlog above Bt9b, m/t 10% CAGR over nxt 3 yr.
TFG.BK — Thaifoods Group Public Company Limited
Thaifoods Group Public Company Limited engages in the production and distribution of chicken and swine products in Thailand, Vietnam, Japan and internationally. It operates poultry, swine, feed mill, and retail businesses.
| Market Cap (THB) | 56.10B |
| Market Cap (USD) | 1.70B |
| Current Price (23 Jun 2026) | 9.50 THB |
| 52-Week Range | 4.14 – 11.60 THB |
| P/E (TTM) | 7.56 |
| P/BV | 2.55 |
| Dividend Yield | 7.40% |
| Avg Daily Value (THB) | ฿226.1M |
TFG: The mgmt is optimistic having been added into SET50 Index and also sees strong demand in European and Japanese export markets, highlighting chicken as a low-cost protein source ideal for volatile economic conditions. He reported a strong third quarter performance, benefiting from falling corn costs following the govt’s extension of import restrictions under the AFTA framework.
Comment: Number go up! But this is now peak cycle for chicken ASPs…