📊 PTT Company Background

PTT Public Company Limited is Thailand’s national integrated energy company. It operates across the entire oil & gas value chain including upstream exploration & production, natural gas transmission and distribution, refining, petrochemicals, and retail marketing, and holds major stakes in key affiliates such as PTTEP, PTTGC and TOP.

Market Cap (THB): 1.15T Market Cap (USD): ~$35.1B (at ~THB 32.80/USD)
Current Price: THB 40.75 (as of 21 August 2026 close) 52-Week Range: THB 30.00-41.25
P/E Ratio: 9.4 (TTM) P/BV: 0.97x
Dividend Yield: 5.1% (latest indicated) Avg Daily Value: THB 3,500M-5,000M
YTD Performance 2026 : ▲ +27.3% (Dec 30 2025 close: THB 32.00; 21 August 2026 close: THB 40.75)
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PTT: PTT plans around THB1tn of investment over 2026–30, with spending focused on core energy businesses and infrastructure. The group is also expanding its LNG portfolio, targeting 15mn tonnes by 2035, highlighting continued capital deployment toward energy security and global gas-trading opportunities.

Comment: Energy security. Should there by a nuclear play, is it PTT or GULF? As from a national security viewpoint it would be ridiculous for a non-SOE/ThaiCo to be the owner/operator/maintenance provider to any SMR.

📊 THAI Company Background

Thai Airways International Public Company Limited is Thailand’s national flag carrier. It operates scheduled passenger and cargo services on domestic, regional and long-haul international routes, with a hub at Suvarnabhumi Airport, and also provides aircraft maintenance, ground handling and related aviation services.

Market Cap (THB): 169.8B Market Cap (USD): ~$5.2B (at ~THB 32.80/USD)
Current Price: THB 6.00 (as of 21 August 2026 close) 52-Week Range: THB 5.25-15.20
P/E Ratio: 8.3 (TTM) P/BV: 2.08x
Dividend Yield: 3.5% (latest indicated) Avg Daily Value: THB 600M-1,000M
YTD Performance 2026 : ▼ -13.7% (Dec 30 2025 close: THB 6.95; 21 August 2026 close: THB 6.00)
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THAI: THAI is progressing its JUMP+ strategy, targeting 14–15% revenue growth by 2028 as it expands its international network. The airline is also looking to resume direct Bangkok–Auckland services earlier than its original 2028 plan and is exploring a potential codeshare with Air New Zealand, supporting longer-term international connectivity and tourism recovery.

Comment: Needs lower jet fuel prices…which Thailand, in theory, should have, but it’s domestically priced on the Singapore markets.

Comparison Table — as of 21 August 2026 (USD/THB 32.80)
Ticker Mkt Cap (USD) Price (THB) P/E (TTM) P/BV Div Yield YTD 2026 Analysis
PTT ~$35.1B 40.75 9.4 0.97x 5.1% ▲ +27.3% View →
THAI ~$5.2B 6.00 8.3 2.08x 3.5% ▼ -13.7% View →

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