Stocks in the news (CENTEL, DELTA, GULF, ITC, PTTEP, TTB) 26.10.26
Company news
Central Plaza Hotel Public Company Limited operates hotels and related services (Centara brand and others) across Thailand, the Maldives and Japan, plus food and ice-cream businesses. The share last traded at THB 46.00 on 26 October 2026 (+0.75 / +1.66% vs prior close 45.25). Market capitalisation is approximately THB 62.1 billion. YTD is positive versus the Dec 30 2025 close of THB 34.25.
| Market Cap (THB): 62.1B | Market Cap (USD): ~$1.84B (at ~THB 33.75/USD) |
| Current Price: THB 46.00 (as of 26 October 2026 last sale) | 52-Week Range: THB 29.25β46.25 |
| P/E Ratio: 18.0x (TTM) | P/BV: 2.5x |
| Dividend Yield: 1.5% (latest indicated) | Avg Daily Value: THB 150Mβ250M |
CENTEL: to open 119 rooms flagship lux resorts, Centara Reserve Krabi on Feb 1, 2027, pre-opening reservations and offers are live via official page.
Delta Electronics (Thailand) Public Company Limited designs, manufactures and sells power electronics, EV powertrain systems, data-centre and industrial automation solutions, and is a major Thai exporter. The share last traded at THB 240.00 on 26 October 2026 (+6.00 / +2.56% vs prior close 234.00). Market capitalisation is approximately THB 2,993 billion. YTD is positive versus the Dec 30 2025 close of THB 173.00.
| Market Cap (THB): 2,993B | Market Cap (USD): ~$88.7B (at ~THB 33.75/USD) |
| Current Price: THB 240.00 (as of 26 October 2026 last sale) | 52-Week Range: THB 155.50β372.00 |
| P/E Ratio: 100.0x (TTM) | P/BV: 28.4x |
| Dividend Yield: 0.25% (latest indicated) | Avg Daily Value: THB 1.5Bβ2.5B |
DELTA: anticipates +ve growth momentum con’t driven by robust dmd for power solutions from neocloud, specialized cloud computing provider build specifically for AI rather than general-purpose enterprise app like conventional hyperscalers like AWS,Azure, Google Cloud, mulls diversify client base as hyperscalers now have custom chips as cloud giants design their own in-house AI chips.
Comment: Given the demandβ¦I still think long compute. The question is simply valuation.
Gulf Development Public Company Limited is a leading independent power producer and energy infrastructure group in Thailand, with interests in power generation, infrastructure and related investments. The share last traded at THB 61.75 on 26 October 2026 (unchanged vs prior). Market capitalisation is approximately THB 922.5 billion. YTD is positive versus the Dec 30 2025 close of THB 41.75.
| Market Cap (THB): 922.5B | Market Cap (USD): ~$27.3B (at ~THB 33.75/USD) |
| Current Price: THB 61.75 (as of 26 October 2026 last sale) | 52-Week Range: THB 39.75β68.50 |
| P/E Ratio: 12.1x (TTM) | P/BV: 2.9x |
| Dividend Yield: 1.7% (latest indicated) | Avg Daily Value: THB 1.0Bβ2.0B |
GULF Yupapin Wangwiwat resigned as director and CFO, effective today, to take other duties. Board appointed Smith Banomyong as CFO. Ratthapol Chuen-samjit appointed director in her place. Also proposing Bang-on Suthiphatnakit as a director of ADVANC. Filed today.
GULF: successfully raised Bt 20b via 6 tranches of CD w/ 2.1x bk covered (Bt 42b), tenors ranging frm 3 to 10 yrs and an avg fixed rate at 2.45%, subscription, proceed will be used to refinance and fund investments in renewable energy amd digital infra (data center, cloud services and AI).
Comment: This low funding cost gives them the license to acquire the country.
i-Tail Corporation Public Company Limited is a leading OEM manufacturer of wet pet food and treats (primarily fish-based for cats and dogs), a subsidiary of Thai Union, selling under brands including Bellotta and Marvo. The share last traded at THB 17.20 on 26 October 2026 (β0.30 / β1.71% vs prior close 17.50). Market capitalisation is approximately THB 51.6 billion. YTD is positive versus the Dec 30 2025 close of THB 15.10.
| Market Cap (THB): 51.6B | Market Cap (USD): ~$1.53B (at ~THB 33.75/USD) |
| Current Price: THB 17.20 (as of 26 October 2026 last sale) | 52-Week Range: THB 13.50β18.20 |
| P/E Ratio: 15.6x (TTM) | P/BV: 2.2x |
| Dividend Yield: 6.4% (latest indicated) | Avg Daily Value: THB 100Mβ200M |
ITC announced that its wholly owned subsidiary, i-Tail Americas, Inc., completed the acquisition of 100% of Pet Treat Holdings, Inc. (PTH) on 22 October 2026 at an enterprise value of US$160m. PTH manufactures and distributes pet food and treats through its operating subsidiary, Phelps Industries, LLC. ITC said the acquisition is intended to expand its business opportunities in the US market. The transaction was funded through working capital and proceeds from ITCβs initial public offering. ITC said the acquisition does not constitute a connected transaction or a material transaction. The company will hold a short-call for the deal today at 9.30-10.30am BKT. 2025 net sales US$70.3m, CAGR 25.6% over 2023β25. Adds US production and treats capacity. Under Thai Union. Filed today.
Comment: Now thatβs an interesting development. I know little about the acquired company, and hereβs hoping that they do not make the same mistakes as TU did.
PTT Exploration and Production Public Company Limited is Thailandβs national upstream oil and gas company, engaged in exploration, development and production of petroleum in Thailand and internationally. The share last traded at THB 162.00 on 26 October 2026 (β1.00 / β0.61% vs prior close 163.00). Market capitalisation is approximately THB 643.1 billion. YTD is positive versus the Dec 30 2025 close of THB 113.00.
| Market Cap (THB): 643.1B | Market Cap (USD): ~$19.1B (at ~THB 33.75/USD) |
| Current Price: THB 162.00 (as of 26 October 2026 last sale) | 52-Week Range: THB 104.00β164.00 |
| P/E Ratio: 9.3x (TTM) | P/BV: 0.9x |
| Dividend Yield: 5.6% (latest indicated) | Avg Daily Value: THB 2.0Bβ4.0B |
PTTEP: wholly owned subsidiary, PTTEP MENA, forms 50:50 jv w/ Eni Abu Dhabi, Seela Energies, each hold a 10% participating interest in Ghasha Concession pj, offshore Abu Dhabi EP field operated by ADNOC, expected to produce more than 1.8b cu ft of gas/d and 150k bbl of oil & condensate/d, strategy is aligned with aims to deliver long term value thru strategic partnership.
Comment: Interesting to see how ADNOC is now operating closer with Thailand, I remember that Mubadala had a strong presence for the past decade or so.
TMBThanachart Bank Public Company Limited is a major Thai commercial bank providing retail, SME and corporate banking services across commercial and retail segments. The share last traded at THB 2.74 on 26 October 2026 (+0.02 / +0.74% vs prior). Market capitalisation is approximately THB 239.8 billion. YTD is positive versus the Dec 30 2025 close of THB 2.04.
| Market Cap (THB): 239.8B | Market Cap (USD): ~$7.1B (at ~THB 33.75/USD) |
| Current Price: THB 2.74 (as of 26 October 2026 last sale) | 52-Week Range: THB 1.82β3.18 |
| P/E Ratio: 11.4x (TTM) | P/BV: 1.0x |
| Dividend Yield: 5.9% (latest indicated) | Avg Daily Value: THB 0.8Bβ1.5B |
TTB: sets buyback px for its 5th repurchase prog at Bt 2.63/shr, a 3.3% disc to prev close at Bt 2.72, repurchase of shares will be up to 5.622b shares (5.76% of paid-up) under Bt 14b budget starting from Nov 16 to Nov 27, 2026, TTB Wealth Securities is tender agent.
Comment: Signal. Banks are still going to be paying shareholders and not providing capital for corporate capex growth.
Corporate events
Still open β BIS tender at ΰΈΏ1.27 through 3 Nov. MAJOR buyback window is open. STPI rights 29 Octβ4 Nov at ΰΈΏ5.55. ROH rights 20β27 Oct at ΰΈΏ0.60. SMT cash-balance runs to 30 Oct.
Market chatter
(not filings)
SET β Morning closed at 1,572.05, up 9.38. Oil names and AOT did the work. Finance minister ordered a pause on the outbound travel tax. DELTA bounced ahead of results. Friday was Chulalongkorn Day. Not a filing.
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