Stocks in the news (bem, cpn, spali, thai, ktb, whair) 19.06.26
Bangkok Expressway and Metro Public Company Limited operates expressways and rapid rail transit systems in Thailand. It manages the Bangkok Expressway network and the MRT Blue Line, while also developing commercial properties and advertising assets along its transportation corridors. The company plays a key role in Bangkok’s urban mobility infrastructure.
| Market Cap (THB): | 87.60B |
| Market Cap (USD): | ~$2.68B (at ~THB 32.70/USD) |
| Current Price: | THB 5.85 (as of 18 June 2026 close) |
| 52-Week Range: | THB 4.56 – 6.30 |
| P/E Ratio: | 23.00 (TTM) |
| P/BV: | 2.27x |
| Dividend Yield: | 2.61% (latest indicated) |
| Avg Daily Value: | THB 180M – 350M |
▲ +9.3% (Dec 30 2025 close: THB 5.35; 18 June 2026 close: THB 5.85)
BEM: The Co’s electric train unit continues to grow at 3-4% per year, boosted by the Orange Line project scheduled to open by the end of 2027.
Comment: BEM > BTS as a business.
Central Pattana Public Company Limited is Thailand’s leading real estate developer and manager, specializing in large-scale shopping malls, mixed-use developments, offices, hotels, and residential projects. It operates the popular Central Festival and Central Plaza mall networks and has expanded into property management and REITs, serving as a key player in Thailand’s retail and commercial property sector.
| Market Cap (THB): | 291.72B |
| Market Cap (USD): | ~$8.92B (at ~THB 32.70/USD) |
| Current Price: | THB 65.00 (as of 18 June 2026 close) |
| 52-Week Range: | THB 41.50 – 70.50 |
| P/E Ratio: | 14.87 (TTM) |
| P/BV: | 2.54x |
| Dividend Yield: | 3.69% (latest indicated) |
| Avg Daily Value: | THB 450M – 800M |
▲ +17.6% (Dec 30 2025 close: THB 55.25; 18 June 2026 close: THB 65.00)
CPN: confirmed cod of 210k sq.m. mall, Central NorthVille, on Jul 3rd, will unveil Mega Bangna expansion project next week.
Comment: The Central Northville is a massive multi year project.
Supalai Public Company Limited is a major Thai residential property developer focused on detached houses, townhouses, and condominiums under the Supalai brand. It also develops office buildings, hotels, and shopping centers, and has operations in Australia. The company is known for its strong presence in the middle-to-upper residential segment across Bangkok and key provincial locations.
| Market Cap (THB): | 30.17B |
| Market Cap (USD): | ~$0.92B (at ~THB 32.70/USD) |
| Current Price: | THB 16.00 (as of 18 June 2026 close) |
| 52-Week Range: | THB 13.40 – 19.00 |
| P/E Ratio: | 7.51 (TTM) |
| P/BV: | 0.53x |
| Dividend Yield: | 8.92% (latest indicated) |
| Avg Daily Value: | THB 60M – 120M |
▼ -5.9% (Dec 30 2025 close: THB 17.00; 18 June 2026 close: THB 16.00)
SPALI: sees +ve earnings momentum con’t in 2&3Q driven by Bt 18b backlog (eo-1Q) pending to realize, completion of 2 condo pj (Supalai Sense Srinakarin & Supalai Park Ekamai-Pattanakarn), m/t FY launch plan 28 pj total Bt 35b, eyes Bt 45b FY sales t/g (Bt 30b domestic & Bt 15b from Australia).
Comment: Market share continues to consolidate to those that banks support.
Thai Airways International Public Company Limited is Thailand’s national flag carrier and one of Southeast Asia’s largest full-service airlines. It operates an extensive international and domestic network, serving passengers and cargo with a modern fleet. The company has undergone significant restructuring and focuses on route optimization, cost control, and premium service recovery.
| Market Cap (THB): | 183.97B |
| Market Cap (USD): | ~$5.63B (at ~THB 32.70/USD) |
| Current Price: | THB 6.50 (as of 18 June 2026 close) |
| 52-Week Range: | THB 5.25 – 19.40 |
| P/E Ratio: | 5.91 (TTM) |
| P/BV: | 2.08x |
| Dividend Yield: | 0.00% (latest indicated) |
| Avg Daily Value: | THB 400M – 700M |
▼ -6.5% (Dec 30 2025 close: THB 6.95; 18 June 2026 close: THB 6.50)
THAI unchanged after its PP of over 1.5bn shares valued slightly over Bt9bn. Note: The silent period for its convertible debt (into equity worth 70% tot.paid up cap.) equivalent to 19.8bn shares will be unlocked and free to trade from 4 Aug onwards.
Comment: Looking forward to seeing who the buyers are.
Krung Thai Bank Public Company Limited is one of Thailand’s largest state-owned commercial banks. It provides a full range of retail, SME, corporate, and investment banking services, including deposits, loans, digital banking, and wealth management. With a vast branch network and strong government ties, KTB plays a central role in Thailand’s financial system and supports key economic sectors.
| Market Cap (THB): | 510.13B |
| Market Cap (USD): | ~$15.60B (at ~THB 32.70/USD) |
| Current Price: | THB 36.50 (as of 18 June 2026 close) |
| 52-Week Range: | THB 21.00 – 36.50 |
| P/E Ratio: | 10.29 (TTM) |
| P/BV: | 1.07x |
| Dividend Yield: | 10.04% (latest indicated) |
| Avg Daily Value: | THB 2,000M – 3,500M |
▲ +29.2% (Dec 30 2025 close: THB 28.25; 18 June 2026 close: THB 36.50)
WHAIR TB unitholders’ meeting yesterday approved the REIT’s 6th additional asset investment, with a total investment value of up to Bt1.23bn. The transaction is structured as a 30-year leasehold investment, with an option to extend for another 30 years for a renewal fee of THB80m. The investment covers 10 units in total, comprising 8 units in the Eastern Seaboard area in Chonburi and Rayong, and two units in WHA Saraburi Industrial Land. The assets are located in high-potential industrial locations, with an occupancy rate of 90% and total leasable area of 45k sqm.
WHA Industrial Leasehold Real Estate Investment Trust invests in and manages a portfolio of high-quality industrial properties, including factories, warehouses, and logistics facilities across Thailand’s key industrial estates. Sponsored by the WHA Group, it provides stable long-term lease income from blue-chip tenants in the manufacturing and logistics sectors and offers investors exposure to Thailand’s growing industrial real estate market.
| Market Cap (THB): | 7.99B |
| Market Cap (USD): | ~$0.24B (at ~THB 32.70/USD) |
| Current Price: | THB 7.55 (as of 18 June 2026 close) |
| 52-Week Range: | THB 4.80 – 7.70 |
| P/E Ratio: | 23.07 (TTM) |
| P/BV: | 0.91x |
| Dividend Yield: | 7.85% (latest indicated) |
| Avg Daily Value: | THB 4M – 8M |
▲ +22.8% (Dec 30 2025 close: THB 6.15; 18 June 2026 close: THB 7.55)
Virtual bank: The nation’s first virtual bank CLICX bank will start its operation today! Clicx Bank, established jointly by KTB, ADVANC and OR. The bank will allow customers to open deposit accounts via the CLICX app starting today. Aside from the feature that customers can choose their very own bank account number and to secure user base and deposit volume, CLICX is using a high-interest rate promotion called “CLICX Save Max, offering a competitive 4% interest rate pa on deposits between Bt0–Bt20,000 (deposits over Bt20,000 receives 0.50% pa).
Comment: That’s a damn competitive rate for Thailand…I wonder if this is a form of helicopter money for the masses…
Comparison Table – 18 June 2026
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| BEM.BK | ~$2.68B | 5.85 | 23.00 | 2.27x | 2.61% | ▲ +9.3% | View → |
| CPN.BK | ~$8.92B | 65.00 | 14.87 | 2.54x | 3.69% | ▲ +17.6% | View → |
| SPALI.BK | ~$0.92B | 16.00 | 7.51 | 0.53x | 8.92% | ▼ -5.9% | View → |
| THAI.BK | ~$5.63B | 6.50 | 5.91 | 2.08x | 0.00% | ▼ -6.5% | View → |
| KTB.BK | ~$15.60B | 36.50 | 10.29 | 1.07x | 10.04% | ▲ +29.2% | View → |
| WHAIR.BK | ~$0.24B | 7.55 | 23.07 | 0.91x | 7.85% | ▲ +22.8% | View → |
Data sourced from SET / Yahoo Finance / Investing.com as of 18 June 2026 close. YTD calculated from 30 Dec 2025 close. USD conversions use provided FX rate of 32.70. For informational purposes only.