Stocks in the news (bgrim, bts, ichi, ivl, or, phat, wha) 20.08.26
BGRIM.BK — B.Grimm Power PCL
Holding company focused on the development, financing, construction and operation of power plants (electricity and steam) in Thailand and internationally, with an emphasis on industrial users and greenfield projects.
| Market Cap (THB) | 49.01 billion |
| Market Cap (USD) | 1.49 billion |
| Current Price | 18.80 THB |
| 52-Week Range | 10.30 – 20.30 THB |
| P/E (TTM) | 20.32x |
| P/BV | 1.41x |
| Dividend Yield | 2.19% |
| Avg Daily Value | ~362 million THB |
BGRIM: The management is aggressively investing in a new round of projects, proceeding with bidding for IPP, SPP, and renewable energy power plant projects. It’s aggressively pursuing Direct PPA agreements to support the demand for clean electricity from AI and data centers, and is continuing to develop Smart Grid and Smart Transmission to upgrade energy infrastructure. The company aims for a generating capacity of 10,000 megawatts, coupled with a platform to leverage data centers. Signs solar agreement w/ Philippine’s National Transmission Corp (TransCo), agreement secures a 50mw power supply from the Vista Alegre Solar project in Bacolod City, will realize immediate contribution from 3Q.
BTS.BK — BTS Group Holdings PCL
Multi-industry conglomerate centred on mass transit (BTS SkyTrain), media, property and related services. Operates through MOVE, MIX and MATCH platforms leveraging its transport network and data.
| Market Cap (THB) | 33.48 billion |
| Market Cap (USD) | 1.02 billion |
| Current Price | 2.08 THB |
| 52-Week Range | 1.98 – 3.52 THB |
| P/E (TTM) | N/A |
| P/BV | 0.59x |
| Dividend Yield | 0.00% |
| Avg Daily Value | ~150 million THB |
BTS: subsidiary, Rabbit Holding, to cod 75-key ultra-lux riverfront hotel, The Langham, Custom House, BKK on Dec 20,2026, revives a historic 1888 landmark.
Comment: A decade in the making, it is a beautiful location.
ICHI.BK — Ichitan Group PCL
Manufacturer and distributor of ready-to-drink beverages, principally green tea (Ichitan brand), herbal drinks, alkaline water and other non-carbonated drinks. Expanding capacity and export channels.
| Market Cap (THB) | 18.98 billion |
| Market Cap (USD) | 0.58 billion |
| Current Price | 14.60 THB |
| 52-Week Range | 11.30 – 15.20 THB |
| P/E (TTM) | 14.88x |
| P/BV | 3.44x |
| Dividend Yield | 7.77% |
| Avg Daily Value | ~80–100 million THB |
ICHI: reaffirms big jump 2H driven by additional beverage production capacity from new factory, higher utilization rate aft m/t shutdown in 2Q, in talk to secure new order from OEM client, adding new flavor of Alkaline water in 2H to boost sales.
IVL.BK — Indorama Ventures PCL
Global integrated petrochemicals producer specialising in PET, fibres, packaging and downstream intermediates. Operations span Thailand, the Americas, Europe and Asia with a large recycling footprint.
| Market Cap (THB) | 122.40 billion |
| Market Cap (USD) | 3.73 billion |
| Current Price | 21.80 THB |
| 52-Week Range | 14.60 – 26.25 THB |
| P/E (TTM) | N/A (loss) |
| P/BV | 0.84–1.00x |
| Dividend Yield | ~3.4% |
| Avg Daily Value | ~500–600 million THB |
IVL: packaging unit, Indovida, announced strategic partnership w/ Suntory PepsoCo Beverage (TH) AND Iwatani Corp to bring commercial-scale circular PET packaging to TH, collab will introduce Flake to Preform direct recycling tech thru Indovida, enable PET preform to be manufactured directly from IVL’s rPET, sees value addition to each partner from complementary capabilities across packaging value chain.
Comment: Are they back? ARE THEY BACK?
OR.BK — PTT Oil and Retail Business PCL
Leading Thai oil retailer and convenience-store operator under the PTT umbrella. Runs petrol stations, Café Amazon, and related non-oil retail and lifestyle businesses across Thailand and selected regional markets.
| Market Cap (THB) | 148.80 billion |
| Market Cap (USD) | 4.54 billion |
| Current Price | 12.40 THB |
| 52-Week Range | 10.40 – 15.60 THB |
| P/E (TTM) | 27.91x |
| P/BV | ~1.3x |
| Dividend Yield | 4.84% |
| Avg Daily Value | ~220 million THB |
OR: The mgmt. stays optimistic as profitability remains strong, although it experienced temporary losses from oil inventory. It is confident it passed its lowest point in 2Q26 and expects a near-normal recovery in 3Q26. It is moving forward with plans to aggressively pursue EV and lifestyle businesses, expanding Amazon into South Asia, and streamlining its organizational structure.
Comment: Needs oil prices -20-30% lower…
PHAT.BK — Phat Group PCL (Palm Oil)
Palm-oil extraction and related products company focused on crude palm oil and value-added derivatives. Recently completed capacity expansion and is positioned for mai listing / early trading phase with export growth plans.
| Market Cap (THB) | N/A (early listing) |
| Market Cap (USD) | N/A |
| Current Price | N/A |
| 52-Week Range | N/A |
| P/E (TTM) | N/A |
| P/BV | N/A |
| Dividend Yield | N/A |
| Avg Daily Value | N/A |
PHAT: crude palm oil producer, Phatra Group, debut IPO 118.86m shares @ Bt 2 apiece, DAOL Sec and LH Sec joint leads
Comment: The financial advisor for the IPO must’ve been giggling nonstop w/ such a ticker…nevertheless not a good pump
WHA.BK — WHA Corporation PCL
Leading industrial estate developer and logistics/utilities provider. Develops and operates industrial parks, warehouses, and related infrastructure with strong exposure to Eastern Economic Corridor and foreign direct investment.
| Market Cap (THB) | 73.66 billion |
| Market Cap (USD) | 2.25 billion |
| Current Price | 4.88 THB |
| 52-Week Range | 3.08 – 5.60 THB |
| P/E (TTM) | 17.5x |
| P/BV | 1.98x |
| Dividend Yield | 4.32% |
| Avg Daily Value | ~500 million THB |
WHA: reported disposal of assets involving its logistic jv w/ PTTGC, WHA GC Logistics Co (WGCL), to WHART for Bt 2.5b, transaction includes land & bldg w/in WGCL Int’l distribution Center pj, WGCL will receive proceed on the date WJART completes its investment.
Comment: They’re playing the financialisation game incredibly well.
Comparison Table — As of 19 August 2026 (USD/THB 32.80)
Data compiled as of 19 August 2026. Market caps converted at the provided USD/THB rate of 32.80. YTD calculated from last trading day of 2025 where available. PHAT remains in early listing / limited-data phase. Always cross-check with official SET sources before investment decisions.
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