Stocks in the news (BWG, FLOYD, GULF, ICN, PCC, SUSCO) 27.08.26
Company news
Better World Green PCL provides integrated industrial-waste treatment and disposal in Thailand — secure landfill, incineration, wastewater and related collection/transport services for factories and industrial estates. Earnings are volume- and utilisation-driven; the equity trades at a low single-digit TTM P/E after the 2025 profit recovery.
| Market Cap (THB): 1.53B | Market Cap (USD): ~$47M (at ~THB 32.80/USD) |
| Current Price: THB 0.24 (as of 26 August 2026 close) | 52-Week Range: THB 0.18-0.39 |
| P/E Ratio: 3.1 (TTM) | P/BV: 0.22x |
| Dividend Yield: 3.1% (latest indicated) | Avg Daily Value: THB 2M-15M |
BWG — Selling 99.96% of subsidiary BWC to ETC for ฿330m. Target close October; BWC stays in the group via ETC.
Comment: This company is such a PoS – it should be worth far more than what it is, but it’s just a PoS.
Floyd PCL (mai) is an MEP contractor that designs, supplies and installs HVAC, fire-protection, electrical/communication and sanitation systems for commercial, industrial and institutional buildings in Thailand. The book is cash-rich with negligible net debt; a high indicated dividend supports the mid-single-digit TTM P/E.
| Market Cap (THB): 0.52B | Market Cap (USD): ~$16M (at ~THB 32.80/USD) |
| Current Price: THB 1.17 (as of 26 August 2026 close) | 52-Week Range: THB 0.92-1.32 |
| P/E Ratio: 8.1 (TTM) | P/BV: 0.99x |
| Dividend Yield: 8.5% (latest indicated) | Avg Daily Value: THB 0.1M-1M |
FLOYD — New hotel MEP, ITL 50MW data-center commissioning (CxL3–5) and residential jobs added on a ฿817m Q2 backlog.
Gulf Development PCL (ticker GULF) is Thailand’s leading independent power producer after the Gulf–Intouch amalgamation, owning gas-fired IPP/SPP plants, LNG and a growing renewable book, plus a strategic stake in ADVANC. Earnings mix gas-spread power cash flow with telecom associate income; the 2026 rerating reflects both the combination and the 2025 one-off profit base.
| Market Cap (THB): 959.88B | Market Cap (USD): ~$29.26B (at ~THB 32.80/USD) |
| Current Price: THB 64.25 (as of 26 August 2026 close) | 52-Week Range: THB 39.75-68.50 |
| P/E Ratio: 25.5 (TTM) | P/BV: 2.85x |
| Dividend Yield: 1.6% (latest indicated) | Avg Daily Value: THB 1,900M-3,800M |
GULF — Public bond sale planned for October: four unsecured tranches (4yr, 5yr, 7yr digital, 10yr), TRIS AA- / stable. Minimum ฿100,000; digital tranche via Krungthai.
Comment: And just what are they going to use the cash for? Hello KBANK.
Information and Communication Networks PCL is a telecom system integrator that designs, builds and maintains fibre, wireless and enterprise networks, and distributes spare parts, for operators and government/enterprise customers in Thailand. Project timing makes quarterly revenue lumpy; the 2026 TTM book still screens as a high-yield small-cap IT name.
| Market Cap (THB): 1.48B | Market Cap (USD): ~$45M (at ~THB 32.80/USD) |
| Current Price: THB 2.20 (as of 26 August 2026 close) | 52-Week Range: THB 1.49-2.30 |
| P/E Ratio: 8.8 (TTM) | P/BV: 1.71x |
| Dividend Yield: 6.8% (latest indicated) | Avg Daily Value: THB 2M-5M |
ICN — Two PEA wins: 50.72% of a ฿147m digital-radio consortium with Loxley, plus a teleprotection job. About ฿103m added to backlog.
Comment: I still think that the PEA has a lot of substation projects to give out..
Precise Corporation PCL is a holding company in power-system equipment, high-voltage substation and transmission-line construction, and renewable-energy generation, serving utilities and industrial customers in Thailand and the region.
| Market Cap (THB): 3.70B | Market Cap (USD): ~$113M (at ~THB 32.80/USD) |
| Current Price: THB 3.02 (as of 26 August 2026 close) | 52-Week Range: THB 2.54-3.20 |
| P/E Ratio: 10.4 (TTM) | P/BV: 1.07x |
| Dividend Yield: 7.3% (latest indicated) | Avg Daily Value: THB 2M-8M |
PCC — Sub won a ฿236m MEA contract for HV GIS at Thonburi substation. Delivery 510 days.
Comment: See above
Susco PCL is a Thai fuel wholesaler and retailer selling gasoline, diesel, gasohol, LPG, natural gas and lubricants through owned and dealer service stations, plus a small non-oil and automotive book. Marketing margins are thin and working-capital intensive; the equity trades below book after a 2025 earnings dip and a completed treasury-share programme.
| Market Cap (THB): 2.41B | Market Cap (USD): ~$74M (at ~THB 32.80/USD) |
| Current Price: THB 2.54 (as of 26 August 2026 close) | 52-Week Range: THB 2.00-2.66 |
| P/E Ratio: 10.4 (TTM) | P/BV: 0.57x |
| Dividend Yield: 3.6% (latest indicated) | Avg Daily Value: THB 3M-16M |
SUSCO — Board approved liquidation of EV battery-swap subsidiary S.U. Swap.
Comment: If Cambodia wakes up – their oil trading business will kick off.
Corporate events
IRPC — Interim ฿0.04/sh, first in four years. XD 9 Sep, pay 23 Sep.
SCB — Interim ฿2.00/sh (board 26 Aug). XD 8 Sep, record 9 Sep, pay 25 Sep.
SUSCO — Interim ฿0.10/sh. XD 10 Sep, pay 25 Sep.
XD today — ADD ฿0.07, ADVICE ฿0.23, AH ฿0.38, ASP ฿0.11, BAFS ฿0.13, BCH ฿0.15 + ฿0.20 special, BEC ฿0.04, BJC ฿0.17, CBG ฿1.00, CHG ฿0.02, CK ฿0.20, FSMART ฿0.18, IMPACT ฿0.24, IVL ฿0.20, KLINIQ ฿0.88, LHHOTEL ฿0.25, MINT ฿0.30, OSP ฿0.45, PLANB ฿0.0435, PM ฿0.50.
Insiders flagged — BLC, HENG, NAM, PSP, SKY.
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| BWG | $47M | 0.24 | 3.1 | 0.22x | 3.1% | ▼ -11.1% | View → |
| FLOYD | $16M | 1.17 | 8.1 | 0.99x | 8.5% | ▼ -0.8% | View → |
| GULF | $29.26B | 64.25 | 25.5 | 2.85x | 1.6% | ▲ +53.9% | View → |
| ICN | $45M | 2.20 | 8.8 | 1.71x | 6.8% | ▲ +28.7% | View → |
| PCC | $113M | 3.02 | 10.4 | 1.07x | 7.3% | ▲ +14.4% | View → |
| SUSCO | $74M | 2.54 | 10.4 | 0.57x | 3.6% | ▲ +22.1% | View → |
Sources: SET, company IR and market data as of the 26 August 2026 SET close. USD figures = THB market cap ÷ 32.80. FLOYD is listed on mai. Not investment advice.
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