Business Alignment PCL distributes and installs radiotherapy systems and related cancer-treatment equipment from global OEMs, and provides maintenance services. It also operates a small hospital/clinic line. Customers are Thai public and private hospitals; earnings are lumpy around large linac deliveries but cash conversion and a high indicated dividend have supported the 2026 rerating.

Betagro PCL is a vertically integrated agro-industrial and food group covering livestock and aquaculture feed, animal health, fresh and processed chicken and pork, and a growing pet-food book under the Betagro, Better Pharma and related brands. Earnings are leveraged to farm-gate meat prices and feed-cost spreads; the 2026 multiple remains modest versus the 2025 profit peak.

Frontline Engineering PCL is a water-systems specialist supplying pumps, valves, pipes, Bailey bridges, dredgers and related equipment, plus installation, pump-rental and irrigation/water-transfer project work. Customers are mainly Thai government agencies (Royal Irrigation Department, groundwater and provincial waterworks). As of 25 August 2026 the IPO subscription window closed (offer THB 1.23); first trade on mai was still scheduled for 1 September 2026.

Villa Kunalai PCL develops and sells low-to-mid housing and townhome projects in Nonthaburi and Greater Bangkok under the Kunalai brand. The book trades at a deep discount to NAV after a sharp drop in 2025–26 transfers and near-breakeven TTM earnings; project-finance gearing remains high versus the equity market cap.

North East Rubber PCL processes cup lump and field latex into ribbed smoked sheet, block rubber and mixed-rubber compounds for tyre and industrial customers in Thailand, China and other export markets. The equity is a high-yield, sub-book rubber name whose earnings swing with RSS/TSR prices and working-capital intensity.

Phatthra Group PCL (กลุ่มภัทร) extracts crude palm oil and palm-kernel products at Khao Phanom, Krabi, and is expanding CPKO and biogas capacity for domestic and export (notably India) customers. The name listed on mai on 20 August 2026 after an IPO at THB 2.00; the stock opened below the offer and was still trading under water five sessions later.

The Siam Cement PCL (SCG) is Thailand’s largest industrial conglomerate, spanning green cement and building materials, chemicals (SCGC), packaging (SCGP), and related distribution/retail. The 2026 rebound from the 2025 chemicals trough lifted the share well off the year-end print, though the stock still trades below book on a group basis.

Seafco PCL is a specialist foundation contractor providing bored piles, barrette piles, diaphragm walls and related geotechnical works for high-rise buildings, MRT stations, expressways and deep basements in Thailand and selected overseas markets. The 2026 earnings recovery from a thin 2024 has compressed the TTM multiple into single digits.

Sena Development PCL develops mass-to-mid condominiums, houses and townhomes in Greater Bangkok, and also runs rental, project-management, golf, solar and auto-dealership sidelines. The equity trades at a steep discount to book against a large project-finance debt stack; the indicated yield remains high relative to the thin TTM profit.