Stocks in the news (BGRIM, CPN, GPSC, ITC, KCE, OSP, SMT, TACC, TBN) 29.10.26
Company news
B.Grimm Power Public Company Limited is a leading Thai private power producer that develops, finances, constructs and operates green-field power plants, including co-generation gas-fired, solar, hydro, wind and other renewables, serving industrial and government customers in Thailand and internationally. The share closed at THB 19.30 on 28 October 2026. Market capitalisation is approximately THB 50.4 billion. YTD is positive versus the Dec 30 2025 close of THB 14.10.
| Market Cap (THB): 50.4B | Market Cap (USD): ~$1.50B (at ~THB 33.70/USD) |
| Current Price: THB 19.30 (as of 28 October 2026 close) | 52-Week Range: THB 10.30-21.40 |
| P/E Ratio: 38.0x (TTM) | P/BV: 2.68x |
| Dividend Yield: 2.1% (latest indicated) | Avg Daily Value: THB 502M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
BGRIM plans to import 8β10 LNG cargoes annually on a spot basis, with intentions to shift to term contracts when conditions are acceptable. Bloomberg.
Comment: I work under the assumption that this continues to be sourced from Australia.
Central Pattana Public Company Limited is Thailandβs leading developer and operator of retail properties, owning and managing premium shopping centers, offices, hotels and residential projects across the country and region, with a large leasable area portfolio. The share closed at THB 65.00 on 28 October 2026. Market capitalisation is approximately THB 291.9 billion. YTD is positive versus the Dec 30 2025 close of THB 55.50.
| Market Cap (THB): 291.9B | Market Cap (USD): ~$8.66B (at ~THB 33.70/USD) |
| Current Price: THB 65.00 (as of 28 October 2026 close) | 52-Week Range: THB 49.00-70.50 |
| P/E Ratio: 14.6x (TTM) | P/BV: 2.68x |
| Dividend Yield: 3.7% (latest indicated) | Avg Daily Value: THB 512M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
CPN: announced strategic collaboration w/ Emirates Holidays to launch TH pass campaign, offering exclusive tourist perks and shopping privileges at Central malls, aims to attract int’l tourists and capitalize opportunity from 49 weekly flights from routes to BKK and Phuket, expand global travel ecosystem.
Comment: So are they going to show a ridiculous amount of adβs on the Emirates airplanes like we see on Thai airways? Nevertheless a positive move by the Company.
Global Power Synergy Public Company Limited (part of the PTT Group) produces and distributes electricity, steam, industrial water and chilled water to government and industrial customers in Thailand, operating conventional and renewable power plants with a large equity capacity. The share closed at THB 50.75 on 28 October 2026. Market capitalisation is approximately THB 143.1 billion. YTD is positive versus the Dec 30 2025 close of THB 36.00.
| Market Cap (THB): 143.1B | Market Cap (USD): ~$4.25B (at ~THB 33.70/USD) |
| Current Price: THB 50.75 (as of 28 October 2026 close) | 52-Week Range: THB 30.00-55.75 |
| P/E Ratio: 14.3x (TTM) | P/BV: 1.37x |
| Dividend Yield: 3.0% (latest indicated) | Avg Daily Value: THB 502M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
GPSC: agreed to extend discussions w/ TOP on Energy Recovery Unit (ERU) acquisition deal to Jan 29, 2027 from previously expected conclusion on Oct 30, 2026 aft certain conditions were not fulfilled and needed more time to assess potential amendments to asset purchase agreement.
i-Tail Corporation Public Company Limited is a leading manufacturer of wet pet food and treats (primarily OEM, with own brands such as Bellotta and Marvo), supplying mid-to-premium products for cats and dogs to customers in more than 40 countries from Thai facilities. The share closed at THB 17.00 on 28 October 2026. Market capitalisation is approximately THB 52.5 billion. YTD is positive versus the Dec 30 2025 close of THB 15.20.
| Market Cap (THB): 52.5B | Market Cap (USD): ~$1.56B (at ~THB 33.70/USD) |
| Current Price: THB 17.00 (as of 28 October 2026 close) | 52-Week Range: THB 13.50-18.10 |
| P/E Ratio: 15.8x (TTM) | P/BV: 2.19x |
| Dividend Yield: 5.9% (latest indicated) | Avg Daily Value: THB 130M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
ITC: will rpt 3Qnp today, Bt 781m consensus, parent co., TU will rpt on Mon (Nov 2) Bt 1.3b consensus
KCE Electronics Public Company Limited manufactures and distributes printed circuit boards (PCBs) under the KCE trademark, primarily for export to automotive, industrial, telecom, computer and other electronics customers in America, Europe and Asia. The share closed at THB 73.50 on 28 October 2026. Market capitalisation is approximately THB 86.7 billion. YTD is strongly positive versus the Dec 30 2025 close of THB 18.40.
| Market Cap (THB): 86.7B | Market Cap (USD): ~$2.57B (at ~THB 33.70/USD) |
| Current Price: THB 73.50 (as of 28 October 2026 close) | 52-Week Range: THB 16.00-81.50 |
| P/E Ratio: 89.7x (TTM) | P/BV: 6.36x |
| Dividend Yield: 1.6% (latest indicated) | Avg Daily Value: THB 1,957M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
KCE: The Streets expect +ve outlook in near-term support from the ongoing rally in global technology stocks and a weaker Thai baht, which benefits export revenue. Earnings in 2H26 are expected to continue growing, driven by a 10-12% increase in selling prices and expanded HDI & PCB production capacity to meet strong demand
Comment: And what about the increase in copper prices? Or should the 2x increase in prices be a non-event?
Osotspa Public Company Limited is a long-established Thai consumer company focused on beverages (notably energy drinks such as M-150 and Shark), personal care, healthcare and related products, with operations in Thailand and internationally. The share closed at THB 18.20 on 28 October 2026. Market capitalisation is approximately THB 54.6 billion. YTD is positive versus the Dec 30 2025 close of THB 16.10.
| Market Cap (THB): 54.6B | Market Cap (USD): ~$1.62B (at ~THB 33.70/USD) |
| Current Price: THB 18.20 (as of 28 October 2026 close) | 52-Week Range: THB 13.70-18.90 |
| P/E Ratio: 15.1x (TTM) | P/BV: 3.32x |
| Dividend Yield: 4.7% (latest indicated) | Avg Daily Value: THB 207M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
OSP: launches functional brain-nutrition drink, Peptine 8000, marketed as brain-boost drink to help mental focus, clarity and stamina during periods of intense mental stress and cognitive fatigue, t/g office workers, students and professionals.
Comment: A foot massage is better than this.
Stars Microelectronics (Thailand) Public Company Limited provides outsourced semiconductor assembly and test (OSAT), electronics manufacturing services (EMS) and photonics/fiber optical devices, serving automotive, industrial, medical, telecom and other customers with vertical integration capabilities. The share closed at THB 7.75 on 28 October 2026. Market capitalisation is approximately THB 6.3 billion. YTD is strongly positive versus the Dec 30 2025 close of THB 1.07.
| Market Cap (THB): 6.3B | Market Cap (USD): ~$0.19B (at ~THB 33.70/USD) |
| Current Price: THB 7.75 (as of 28 October 2026 close) | 52-Week Range: THB 1.06-7.80 |
| P/E Ratio: n.a. (TTM) | P/BV: 3.66x |
| Dividend Yield: 0.4% (latest indicated) | Avg Daily Value: THB 200M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
SMT Signed yesterday to buy ~17 rai in Asia Industrial Estate (Suvarnabhumi), Bang Bo, Samut Prakan, for ΰΈΏ166m. Phase-1 plant is ~10,000 sqm on 4 rai. Lifts production area from 22,000 to 32,000 sqm (+50%). Extra land held for later. Total project ~ΰΈΏ566m (land ΰΈΏ166m + build ~ΰΈΏ400m). Funded by ~ΰΈΏ400m bank loans and ΰΈΏ166m internal cash. First 30% of land paid. Targets PCBA capacity. Filed yesterday.
Comment: So itβs real, and when you see that imports continue to exceed exports you know that the export growth Thailand will experience in the coming years will be higher than expected and that it will be concentrated to these 1-2 industries.
T.A.C. Consumer Public Company Limited manufactures and distributes beverages (including milk green tea, fruit drinks and cold dispenser products), dietary supplements and beauty products, with cafe and character-license activities, focused on the Thai and regional market. The share closed at THB 6.50 on 28 October 2026. Market capitalisation is approximately THB 3.9 billion. YTD is positive versus the Dec 30 2025 close of THB 5.15.
| Market Cap (THB): 3.9B | Market Cap (USD): ~$0.12B (at ~THB 33.70/USD) |
| Current Price: THB 6.50 (as of 28 October 2026 close) | 52-Week Range: THB 4.68-6.75 |
| P/E Ratio: 10.8x (TTM) | P/BV: 4.44x |
| Dividend Yield: 6.5% (latest indicated) | Avg Daily Value: THB 11M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
TACC Moves from mai to SET today. Agro & Food Industry, Food & Beverage sector. Filed yesterday.
TBN Corporation Public Company Limited provides enterprise digital solutions, specializing in Mendix low-code platforms, high-code development, cybersecurity, cloud and AI-driven applications, serving large corporates in Thailand and the region. The share closed at THB 3.46 on 28 October 2026. Market capitalisation is approximately THB 0.35 billion. YTD is negative versus the Dec 30 2025 close of THB 4.58.
| Market Cap (THB): 0.35B | Market Cap (USD): ~$0.010B (at ~THB 33.70/USD) |
| Current Price: THB 3.46 (as of 28 October 2026 close) | 52-Week Range: THB 3.18-4.58 |
| P/E Ratio: n.a. (TTM) | P/BV: 0.75x |
| Dividend Yield: 6.1% (latest indicated) | Avg Daily Value: THB 0.1M |
Source: Yahoo Finance key-statistics (P/BV, yield, avg volume) cross-checked to SET quote; as of 28 Oct 2026 close. Avg daily value β 3-month avg volume Γ last price.
TBN Signed an MOU with Juris Technologies (Malaysia) to build an end-to-end AI-powered digital lending platform. Covers origination, underwriting, disbursement, servicing and collections. Starts with non-banks, then banks. Filed yesterday.
Comment: Given the size of the company, I doubt we will see anything of size/impact.
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| BGRIM | $1.50B | 19.30 | 38.0x | 2.68x | 2.1% | β² +36.9% | View β |
| CPN | $8.66B | 65.00 | 14.6x | 2.68x | 3.7% | β² +17.1% | View β |
| GPSC | $4.25B | 50.75 | 14.3x | 1.37x | 3.0% | β² +41.0% | View β |
| ITC | $1.56B | 17.00 | 15.8x | 2.19x | 5.9% | β² +11.8% | View β |
| KCE | $2.57B | 73.50 | 89.7x | 6.36x | 1.6% | β² +299.5% | View β |
| OSP | $1.62B | 18.20 | 15.1x | 3.32x | 4.7% | β² +13.0% | View β |
| SMT | $0.19B | 7.75 | n.a. | 3.66x | 0.4% | β² +624.3% | View β |
| TACC | $0.12B | 6.50 | 10.8x | 4.44x | 6.5% | β² +26.2% | View β |
| TBN | $0.010B | 3.46 | n.a. | 0.75x | 6.1% | βΌ -24.5% | View β |
Corporate events
Pays today β ALLY ΰΈΏ0.1313 (1 Julβ18 Oct, from net profit and retained earnings). LH ΰΈΏ0.08 (1H26, from net profit).
Still open β BIS tender at ΰΈΏ1.27 through 3 Nov. MAJOR buyback window is open. STPI rights 29 Octβ4 Nov at ΰΈΏ5.55. SMT cash-balance runs to 30 Oct.
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