Top Thai (SET) Growth Stocks

Top Thai (SET) Growth Stocks

UPDATED Aug 06, 2022

What are the best Thai (SET) Growth Stocks?

According to our Simply Wall St analysis these are the best Thai growth companies. We look for companies with high forecasted growth and healthy balance sheets that can deliver sustained growth over the long term.

Our criteria to find Top Growth Companies

Growth

  • Companies with sustained revenue growth that outperforms the market are attractive to investors. These companies are most likely to appreciate in share price over time.

What do we look for?

  • Is the company forecast to have high earnings growth.

Healthy Balance Sheet

  • A healthy balance sheet is essential to drive growth opportunities and sustain the business.
  • Repayments on debt take precedence over other initiatives to improve shareholder returns, so investors want to make sure the company is comfortably positioned to cover its debts.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

5 companies meet this criteria in the Thai market

Agripure Holdings Public Company Limited, through its subsidiaries, manufactures and distributes agro products in Thailand.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: APURE's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 58.9% below our estimate of its fair value

  • Earnings are forecast to grow 28.98% per year

Risks

  • High level of non-cash earnings

  • Shareholders have been diluted in the past year

View all Risks and Rewards

Peace & Living Public Company Limited operates as a residential real estate development company in Thailand.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: PEACE's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 55.3% below our estimate of its fair value

  • Earnings are forecast to grow 21.06% per year

  • Earnings grew by 78.5% over the past year

Risks

  • Does not have a meaningful market cap (THB2B)

View all Risks and Rewards

Infraset Public Company Limited designs and constructs engineering infrastructure in Thailand.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: INSET's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 74.2% below our estimate of its fair value

  • Earnings are forecast to grow 20.73% per year

  • Earnings have grown 18.5% per year over the past 5 years

Risks

  • Does not have a meaningful market cap (THB3B)

  • Shareholders have been diluted in the past year

View all Risks and Rewards

Stars Microelectronics (Thailand) Public Company Limited, together with its subsidiaries, provides electronics manufacturing services in Thailand and the United States.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: SMT's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 49.3% below our estimate of its fair value

  • Earnings are forecast to grow 28.56% per year

  • Earnings have grown 69.4% per year over the past 5 years

Risks

No risks detected for SMT from our risks checks.

View all Risks and Rewards

Don Muang Tollway Public Company Limited operates a concession for operating the elevated toll road in Thailand.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: DMT's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 78.2% below our estimate of its fair value

  • Earnings are forecast to grow 39.26% per year

Risks

No risks detected for DMT from our risks checks.

View all Risks and Rewards
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