Stocks in the news (FLE, KTC, SUPER) 25.08.26
Company news
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 24 August 2026 the stock was still in IPO subscription (offer THB 1.23) ahead of a 1 September 2026 mai listing; it had no SET/mai close that day.
| Market Cap (THB): 0.37B (at IPO price, 300M shares post-offer) | Market Cap (USD): ~$11M (at ~THB 32.80/USD) |
| Current Price: THB 1.23 (IPO offer; not listed as of 24 August 2026) | 52-Week Range: n.a. (pre-listing) |
| P/E Ratio: 26.0 (IPO TTM) | P/BV: 1.45x (indicative post-IPO) |
| Dividend Yield: 0.0% (pre-listing) | Avg Daily Value: n.a. (pre-listing) |
FLE — Frontline Engineering IPO book closed 25 Aug, fully subscribed. Pitch was data-center and engineering work.
Comment: Let’s see how this pumps.
Krungthai Card PCL is a leading Thai consumer-finance company focused on credit cards, personal loans, merchant acquiring and payment services, with a growing auto-title and nano-finance book under the KTC brand.
| Market Cap (THB): 95.40B | Market Cap (USD): ~$2.91B (at ~THB 32.80/USD) |
| Current Price: THB 37.00 (as of 24 August 2026 close) | 52-Week Range: THB 24.40-41.25 |
| P/E Ratio: 11.3 (TTM) | P/BV: 2.17x |
| Dividend Yield: 4.8% (latest indicated) | Avg Daily Value: THB 400M-750M |
KTC — Bought 100% of collection company WIN (Win Performance) for ฿295m, 10m shares at ฿29.50.
Comment: KTB gave KTC a tap on the shareholder to buy WIN – aim is to utilise WIN for KTB’s bad debts in the future – or not…let’s see..
Super Energy Corporation PCL is a holding company that owns and operates renewable power plants (solar, wind, waste-to-energy and biomass) in Thailand and Vietnam, plus industrial/tap-water supply, waste-separation and related IT services. The equity trades at a deep discount to book against a large project-finance debt stack; no cash dividend has been paid since 2022.
| Market Cap (THB): 3.28B | Market Cap (USD): ~$100M (at ~THB 32.80/USD) |
| Current Price: THB 0.12 (as of 24 August 2026 close) | 52-Week Range: THB 0.09-0.16 |
| P/E Ratio: 2.2 (TTM) | P/BV: 0.17x |
| Dividend Yield: 0.0% (latest indicated) | Avg Daily Value: THB 5M-40M |
SUPER — Signed a 15-year ฿1,065m loan with Vietnam’s BIDV for Soc Trang Wind Phase 1 (30 MW) under a PPA.
Comment: Are you sure SUPER?
Corporate events
OR — Board on 25 Aug approved an interim ฿0.30/sh (~฿3.6bn). XD 7 Sep, pay 24 Sep.
PTTGC — Interim ฿0.60/sh (~฿2.7bn); board 24 Aug, filed/reported 25 Aug. XD 7 Sep, pay 22 Sep.
RATCH — Interim ฿0.70/sh. XD 8 Sep, pay 24 Sep.
TISCO — Interim ฿2.00/sh on ordinary and preferred. XD 7 Sep, pay 21 Sep.
TTB — Interim ฿0.081/sh (+23% YoY), ฿7.1bn, 65% payout. XD 7 Sep, pay 25 Sep.
XD today — Thin on local names. Foreign DRs on the calendar: GEELY06, GEELY80, MRVL06, MRVL23, MRVL80.
| Ticker | Mkt Cap (USD) | Price (THB) | P/E (TTM) | P/BV | Div Yield | YTD 2026 | Analysis |
|---|---|---|---|---|---|---|---|
| FLE | $11M | 1.23* | 26.0 | 1.45x | 0.0% | n.m. | View → |
| KTC | $2.91B | 37.00 | 11.3 | 2.17x | 4.8% | ▲ +41.0% | View → |
| SUPER | $100M | 0.12 | 2.2 | 0.17x | 0.0% | ▲ +9.1% | View → |
Sources: SET, company IR, IPO filings and market data as of the 24 August 2026 SET close. USD figures = THB market cap ÷ 32.80. *FLE price is the IPO offer (subscription 21 and 24–25 August 2026); first mai trade scheduled 1 September 2026. FLE YTD shown as n.m. because the name was not listed at year-end 2025. Not investment advice.
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