Thai Strong Past Earnings Growth, P/E Ratio Below 20

Thai Oil

Market Cap: ฿79.9b

Engages in the oil refining and distributions, petrochemicals, lube base oil, and other businesses in Thailand and internationally.

Com7

Market Cap: ฿52.2b

Engages in the retail business of information technology (IT) products in Thailand.

Kiatnakin Phatra Bank

Market Cap: ฿52.0b

Engages in the provision of various banking products and services for commercial and public customers in Thailand.

Siam City Cement

Market Cap: ฿42.0b

Manufactures, imports, exports, and sells cement and cement related products in Thailand, Vietnam, Sri Lanka, Singapore, Australia, Cambodia, Bangladesh, Indonesia, India, Dubai, and internationally.

CPN Retail Growth Leasehold REIT

Market Cap: ฿40.9b

CPN Retail Growth Leasehold REIT ( “CPNREIT”) was established on 1 December 2017 from the conversion from CPN Retail Growth Leasehold Property Fund (“CPNRF”).

Frasers Property Thailand Industrial Freehold & Leasehold REIT

Market Cap: ฿35.5b

A real estate investment trust externally managed by TICON Management Company Limited.

Bangkok Life Assurance

Market Cap: ฿32.4b

Provides life insurance services in Thailand.

Bangkok Airways

Market Cap: ฿30.6b

Provides air transportation and airport services.

TOA Paint (Thailand)

Market Cap: ฿23.3b

Manufactures and distributes paints and chemicals in Thailand, Vietnam, Laos, Myanmar, Cambodia, Indonesia, and Malaysia.

Tipco Asphalt

Market Cap: ฿21.6b

Engages in the manufacture and distribution of asphalt and petroleum products in Thailand and internationally.

Thai Credit Bank

Market Cap: ฿20.5b

Provides financial services to micro, small, and medium-sized enterprises in Thailand.

Amata Corporation

Market Cap: ฿17.3b

Engages in industrial estate development in Thailand and internationally.

LH Financial Group

Market Cap: ฿16.7b

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

Gunkul Engineering

Market Cap: ฿15.8b

Generates and sells renewable energy in Thailand, Japan, and Vietnam.

Birla Carbon (Thailand)

Market Cap: ฿15.3b

Engages in manufacture and sale of carbon black.

Moshi Moshi Retail Corporation

Market Cap: ฿11.0b

Engages in the retail and wholesale of lifestyle products in Thailand.

KGI Securities (Thailand)

Market Cap: ฿7.7b

Engages in the securities and derivatives business in Thailand.

Ditto (Thailand)

Market Cap: ฿7.6b

Engages in the distribution and rendering service of data and document management solutions in Thailand.

NSL Foods

Market Cap: ฿7.4b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Samart Aviation Solutions

Market Cap: ฿7.1b

An investment holding company, provides air traffic control services in Cambodia, Laos, and Thailand.

SiS Distribution (Thailand)

Market Cap: ฿6.6b

Engages in the distribution of computer components, smartphones, and office automation equipment in Thailand.

PRG Corporation

Market Cap: ฿6.5b

Engages in the production, improvement, packaging, and distribution of rice under the Mah Boonkrong Rice brand in Thailand, the United States, Canada, Europe, the Asia Pacific, and internationally.

Future City Leasehold Real Estate Investment Trust

Market Cap: ฿5.0b

Future Park Leasehold Property Fund specializes in real estate investments.

Forth Smart Service

Market Cap: ฿4.8b

Provides prepaid mobile top-up services in Thailand.

Roctec Global

Market Cap: ฿4.8b

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

Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿4.6b

n/a

P.C.S. Machine Group Holding

Market Cap: ฿4.5b

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

KCG Corporation

Market Cap: ฿4.4b

Manufactures, sells, and imports food and bakery products in Thailand and internationally.

S & J International Enterprises

Market Cap: ฿4.3b

Manufactures and distributes cosmetic products in Thailand and internationally.

Netbay

Market Cap: ฿4.0b

Engages in the provision of Software as a Service (SaaS) for online electronic transactions between business-to-government, business-to-business, and business-to-consumer groups in Thailand.

Wattanapat Hospital Trang

Market Cap: ฿4.0b

Provides medical services in Thailand.

Ally Freehold And Leasehold Real Estate Investment Trust

Market Cap: ฿3.8b

Bualuang K.E.Retail Leasehold Real Estate Investment Trust specializes in real estate investments.

Food Moments

Market Cap: ฿3.7b

Engages in the production and sale of butchered chicken and processed chicken products in Thailand.

Precise Corporation

Market Cap: ฿3.3b

Engages in the production and distribution of electricity business in Thailand and internationally.

MFC Asset Management

Market Cap: ฿3.1b

A publicly owned investment manager.

Thai Eastern Group Holdings

Market Cap: ฿3.1b

Engages in the rubber, palm oil, renewable energy and organic waste management, and logistics businesses in Thailand and internationally.