Stocks in the news (centel, cococo, thcom) 23.04.26
Central Plaza Hotel Public Company Limited is a leading hospitality and food service operator in Thailand. The company operates a diverse portfolio of hotels under the Centara brand across Southeast Asia, the Middle East, and Japan, alongside an extensive food segment featuring major international franchises such as KFC, Mister Donut, and Pepper Lunch.
CENTEL: COO Michael Henssler stated revenue is -6% since the start of the Iranian war vs. the same period last year. However, after initial concerns of further deterioration, he noted that the market has started to adjust and stabilize. CENTEL has historically relied heavily on long-haul travelers, particularly higher-spending EU tourists transiting through Middle Eastern hubs. As EU arrivals decline, Asian travelers are offsetting the weakness, with China and India growing at a double-digit pace and now accounting for ~50% of Centara’s guests, up from ~1/3 previously. Data from the Ministry of Tourism and Sports also shows APAC arrivals +6% y/y in March, while EU arrivals fell more than -4%.
Comment: Let’s see, and this is comp’ed against the earthquakes in Bangkok last year. Perhaps I get to replay my tourism story for the next 12 months should prices become attractive enough.
Thai Coconut Public Company Limited is a prominent manufacturer and exporter of coconut-based products. The company specializes in producing coconut milk, coconut water, desiccated coconut, and ready-to-eat meals under the “Thai Coco” and “Easy Thai” brands, with over 90% of its revenue generated from international markets including the USA, Europe, and Asia.
COCOCO: Targets 30–35% FY revenue growth driven by additional capacity from a new coconut plant in the Philippines (COD 3Q26). Expects raw material cost reduction of ~50% and benefits from zero import tariffs to EU & US vs. Thailand’s 15–17%. GPM expected to gradually recover above 24–25% despite El Niño impact.
Comment: If you didn’t look around the region, one wouldn’t know that the Philippines is a YUGE exporter of coconuts and mangoes.
Thaicom Public Company Limited is Thailand’s leading satellite operator, providing transponder leasing and related services to broadcasters and telecommunications providers. The company manages a fleet of satellites covering Asia, Australia, and Africa, while expanding into internet connectivity, media services, and new space technology ventures.
THCOM: NBTC approved the use of capacity from a Korean satellite for domestic service as a stopgap solution, as Thaicom 4 (IPSTAR) is nearing end of mission and will leave orbit by July 31, 2026.
Summary Table
| Ticker | Price | YTD % | Trend (3M) | Consensus | Analysis |
|---|---|---|---|---|---|
| CENTEL | 33.00 | -3.6% | 📉 | Buy | Link → |
| COCOCO | 5.60 | +14.5% | 📈 | Buy | Link → |
| THCOM | 12.40 | +43.4% | 📈 | Hold | Link → |
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