Stocks in the news (DELTA, QUICK, SPALI) 15.10.26
Company news
Delta Electronics (Thailand) Public Company Limited designs, manufactures, and distributes electronic products focused on power management solutions, power supplies, DC fans, EMI filters, solenoids, and related components serving industrial, mobility (including EV powertrains), infrastructure, and automation applications. Operations span Asia, Europe, and the Americas. The share closed at THB 260.00 on 14 October 2026 (−2.00 / −0.76% from the prior 262.00), in a 253.00–261.00 day range on strong volume (~23.7m shares), inside the 52-week band of THB 155.50–372.00. It is well above the 30 December 2025 close of THB 173.00. Multiples at close are approximately 108.6x TTM earnings and 30.8x book. Paid-up capital is ~12.47 billion shares. Dividend yield is low at ~0.23%.
| Market Cap (THB): 3.243T | Market Cap (USD): ~$96.67B (at ~THB 33.55/USD) |
| Current Price: THB 260.00 (as of 14 October 2026 close) | 52-Week Range: THB 155.50-372.00 |
| P/E Ratio: 108.6 (TTM) | P/BV: 30.8x |
| Dividend Yield: 0.23% (latest indicated) | Avg Daily Value: THB 3B-6B |
DELTA: sees ltd impact from US probe into Taiwan parent aft US International Trade Commission (USITC) launched investigation on 19 companies’ complaint by Vicor, US power tech co., regarding US patent on power delivery tech used in AI servers, no infringement has been established for DELTA (TH) and shipments remain unaffected.
Comment: I’ve learnt to stay away from names that have issues with a government.
Quick Transformation Public Company Limited (QUICK) is a Thai end-to-end digital transformation provider integrating ERP (primarily Microsoft Dynamics 365), IoT, and AI solutions for B2B clients across manufacturing, services, retail, and healthcare. The company completed its IPO booking of 32 million new shares at the offer price of THB 5.65 (fully diluted P/E 8.29x based on TTM earnings to 30 June 2026). Post-IPO paid-up capital is approximately 102 million shares. It is scheduled to list on the mai market on 21 October 2026. No secondary market trading has occurred yet; valuation is at the IPO offer price. Dividend yield and 52-week range are not applicable pre-listing.
| Market Cap (THB): 576M | Market Cap (USD): ~$17.2M (at ~THB 33.55/USD) |
| Current Price: THB 5.65 (IPO offer; pre-listing) | 52-Week Range: n.a. (pre-listing) |
| P/E Ratio: 8.3 (fully diluted TTM) | P/BV: n.a. |
| Dividend Yield: n.a. (pre-listing) | Avg Daily Value: n.a. (pre-listing) |
QUICK IPO book closed full yesterday. 32m shares at ฿5.65, ฿180.8m. P/E 8.29 on the trailing four quarters to 30 Jun. First trade on mai 21 Oct, technology.
Comment: I know very little about this company…in theory it’s ripe for a pump, but let’s see, TIPAK was a flop despite it having the same characteristics (i.e. small float, small cap + a “cheap valuation”
Supalai Public Company Limited is a leading Thai real estate developer specializing in detached houses, duplexes, townhouses, and condominiums, primarily targeting middle- to upper-income segments in Bangkok and provincial areas, alongside office buildings for rent and hotel operations (with some interests in Australia). The share closed at THB 15.60 on 14 October 2026, inside the 52-week band of THB 14.80–19.00. It is below the 30 December 2025 close of THB 17.00. Multiples at close are approximately 6.6x TTM earnings and 0.52x book. Paid-up capital is ~1.90 billion shares. Dividend yield is attractive at ~8.0% (indicated DPS ~THB 1.25).
| Market Cap (THB): 29.64B | Market Cap (USD): ~$0.884B (at ~THB 33.55/USD) |
| Current Price: THB 15.60 (as of 14 October 2026 close) | 52-Week Range: THB 14.80-19.00 |
| P/E Ratio: 6.6 (TTM) | P/BV: 0.52x |
| Dividend Yield: 8.0% (latest indicated) | Avg Daily Value: THB 50M-100M |
SPALI: board approved amendment on dividend payment policy, revised from not less than 35% of net profit after tax (based on parent-co NP) to no less than 35% of consolidated NP to reflect group earnings, including subsidiaries.
Comment: They want their divvys
Corporate events
Pays today — BBGI ฿0.20 from retained earnings. TFMAMA ฿2.43 (1H26, from net profit and retained). NCP ฿0.0045 (1H26, from net profit).
XD today — only the foreign DRs (ABBV, FCX).
Still open — BIS tender at ฿1.27 through 3 Nov. MAJOR buyback window is open. STPI rights 29 Oct–4 Nov at ฿5.55. ROH rights 20–27 Oct at ฿0.60. SMT cash-balance runs to 30 Oct. GULF bond book 19–21 Oct, up to ฿20bn at 1.83–3.00%.
Market chatter
(not filings)
SET — Closed yesterday at 1,575.88, up 4.14. Oil and banks did the work. PTTEP was the volume. Range for today is 1,570–1,580. IMF–World Bank meetings in Bangkok are still the broker colour. Not a filing.
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