Stocks in the news (kgen, sak, spvi, thcom, whaup) 21.04.26
King Gen Public Company Limited is a Thailand-based provider of logistics and transportation services, including passenger transport, car rental, and related support services, currently focusing on expanding its utility as a distribution layer in emerging technology and gaming markets.
KGEN reaffirmed a strong earnings outlook following the COD of the OMODA & JAECOO assembly plant under its JV with Chery Group. Orders of 23k EVs booked at the motor show are expected to support earnings growth.
Comment: They’re in the news often…and I do see a lot more JAECOO vehicles within a 200 km radius of Bangkok.
Saksiam Leasing Public Company Limited provides retail credit services in Thailand, specializing in auto title loans, personal loans, and hire-purchase agreements for agricultural and personal use through an extensive network of over 1,000 branches nationwide.
SAK targets FY loan growth of 8–10% YoY to THB16bn following collaboration with a durian supplier (NTF) to extend loans to farmers. The company plans to add 35 upcountry branches and targets NPLs below 2.5%.
Comment: I do like SAK, but let’s see growth…
SPVI Public Company Limited is an authorized reseller and service provider for Apple products in Thailand, operating retail stores under brands like iStudio and iBeat, while offering IT solutions and educational technology integration for corporate and academic clients.
SPVI remains upbeat following positive feedback on budget MacBooks, expecting demand from corporate and education segments to accelerate in the coming quarters, maintaining its ~10% FY revenue growth target.
Comment: Apple is taking over it all…even I’m considering trying out a Macbook again for the first time in 15 years after Windows is just becoming such a PoS.
Thaicom Public Company Limited is a leading satellite operator and provider of satellite communication services in the Asia-Pacific region, offering space-based connectivity, internet services, and digital platforms to telecommunications and broadcasting industries.
THCOM plans to launch its LEO broadband service next year, targeting 10% of revenue contribution within five years. Growth will be driven by demand in remote areas, with potential expansion into government agencies and the tourism sector to diversify its client base.
Comment: What should a Thai space play be valued at?
WHA Utilities and Power Public Company Limited provides comprehensive water utility and power generation services, managing water sourcing and wastewater treatment for industrial estates and developing renewable energy projects like solar rooftop systems.
WHAUP signed six renewable PPAs with a combined capacity of 135.8MW with the Provincial Electricity Authority (PEA), with COD scheduled between 2027–2030.
| Ticker | Price & YTD (%) | Trend (3M) | Consensus | Details |
|---|---|---|---|---|
| KGEN | THB 1.34 (+11.7%) | 📈 | Sell | Analysis → |
| SAK | THB 7.20 (+5.9%) | 📈 | Hold | Analysis → |
| SPVI | THB 2.72 (+25.9%) | 📈 | Buy | Analysis → |
| THCOM | THB 12.00 (+38.7%) | 📈 | Buy | Analysis → |
| WHAUP | THB 4.50 (+10.3%) | 📈 | Buy | Analysis → |
If this has helped you, please consider donating and buy me a Somtum Waffle 🙏🧇