Thai Undiscovered Gems With Strong Fundamentals

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

Forth Smart Service

Market Cap: ฿5.0b

Provides prepaid mobile top-up services in Thailand.

TSTE

Market Cap: ฿4.4b

Primarily engages in the production and distribution of wheat flour in Thailand.

Saha-Union

Market Cap: ฿8.6b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Thai Steel Cable

Market Cap: ฿3.4b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

M.C.S. Steel

Market Cap: ฿4.1b

Engages in the design, production, and distribution of structural steel products for building construction in Thailand, China, and Japan.

Muramoto Electron (Thailand)

Market Cap: ฿4.0b

Manufactures and sells metal and plastic parts for audio/visual equipment, and electronic equipment for automobiles and office automation appliances in Thailand, Japan, the United States, and internationally.

MFC Asset Management

Market Cap: ฿3.7b

A publicly owned investment manager.

Alucon

Market Cap: ฿7.4b

Engages in producing and distributing aluminum containers primarily in Thailand.

Jasmine Technology Solution

Market Cap: ฿28.1b

Through its subsidiaries engages in the design and installation of telecommunication systems, telecom service, bitcoin mining, and other businesses in Thailand.

Turnkey Communication Services

Market Cap: ฿4.2b

Provides design, installation, engineering, and trading services in the field of information and communication technology, and telecommunications in Thailand.

Polyplex (Thailand)

Market Cap: ฿9.2b

Manufactures and distributes polyester films and chips, metalized films, extrusion coated films, cast polypropylene films, silicone coated films, blown films, holographic films, and PET resins in Thailand and internationally.

Tata Steel (Thailand)

Market Cap: ฿5.7b

Engages in the manufacturing, distribution, and trading of steel bars, wire rods, and small section products in Thailand and internationally.

Univanich Palm Oil

Market Cap: ฿8.6b

Engages in the oil palm plantations, crushing mills, and oil palm research and seed businesses in Thailand and the Philippines.

Advanced Information Technology

Market Cap: ฿7.1b

Engages in sale, design, installation, project management, repair and maintenance, training, and turnkey for network infrastructure and information and communication technology systems in Thailand.

Thai Union Feedmill

Market Cap: ฿4.7b

Manufactures and distributes animal feeds in Thailand, Sri Lanka, Pakistan, Indonesia, and internationally.

Srivichaivejvivat

Market Cap: ฿4.2b

Engages in the hospital business in Thailand.

P.C.S. Machine Group Holding

Market Cap: ฿4.9b

Manufactures and distributes automotive parts in Asia, Europe, and internationally.

Thai President Foods

Market Cap: ฿63.6b

Engages in the manufacture and distribution of instant noodles, semi-instant foods, and biscuits products in Thailand and internationally.

S.Kijchai Enterprise

Market Cap: ฿4.6b

Manufactures and distributes medium density fiber boards in Thailand.

Alpha Divisions

Market Cap: ฿3.7b

Engages in the consultation and property development business in Thailand and internationally.

IMPACT Growth Real Estate Investment Trust

Market Cap: ฿14.4b

Impact Growth Real Estate Investment Trust (“the Trust”) is a real estate investment trust established under the Trust for Transaction in Capital Market Act, B.E.2550 (“the Act”) in accordance with the Trust Deed signed on 22 September 2014 between RMI Company Limited as the Trust Settlor and Kasikorn Asset Management Company Limited as the Trustee.

GMM Grammy

Market Cap: ฿4.1b

Engages in the music, satellite television (TV), digital TV, movies, home shopping, and co-investment in other businesses in Thailand.

BA Airport Leasehold Real Estate Investment Trust

Market Cap: ฿9.6b

n/a

Saha Pathanapibul

Market Cap: ฿19.4b

Engages in the consumer goods distribution business in Thailand and internationally.

LH Financial Group

Market Cap: ฿16.1b

An investment holding company, engages in the banking business in Thailand.

Laguna Resorts & Hotels

Market Cap: ฿5.6b

Engages in the hotel and property development businesses in Thailand.

Business Online

Market Cap: ฿4.2b

Engages in the development and provision of local and global financial information systems in Thailand.

Premier Technology

Market Cap: ฿3.7b

An investment holding company, distributes and provides services related to computer and computer system in Thailand.

Roctec Global

Market Cap: ฿5.3b

Provides system integration services and advertising services in Thailand, Hong Kong, and Vietnam.

Thaitheparos

Market Cap: ฿13.8b

Manufactures and distributes sauces and condiments in Thailand and internationally.

Sahamitr Pressure Container

Market Cap: ฿4.6b

Engages in the manufacture and sale of LPG and other pressure cylinders in Asia, Africa, the United States, and internationally.

Asian Sea Corporation

Market Cap: ฿5.6b

Engages in the production and distribution of processed frozen seafood.

CIMB Thai Bank

Market Cap: ฿12.9b

Provides various banking and financial products and services to individuals and commercial customers in Thailand.

Samart Telcoms

Market Cap: ฿3.6b

Engages in the integrated telecommunications, communication network, and information technology businesses in Thailand.

P.S.P. Specialties

Market Cap: ฿6.2b

Manufactures and sells lubricant and grease oils in Thailand and internationally.