Thai Potentially Undervalued Companies

BuilderSmart

Market Cap: ฿121.4m

Engages in the retail sale of construction materials, tools, and equipment for the construction and interior design sectors in Thailand and internationally.

WHA Industrial Leasehold Real Estate Investment Trust

Market Cap: ฿6.2b

n/a

Asian Insulators

Market Cap: ฿2.4b

Manufactures and distributes porcelain insulators products for electricity distribution and transmission in Thailand.

Teka Construction

Market Cap: ฿519.0m

Engages in the construction business in Thailand.

Akkhie Prakarn

Market Cap: ฿254.5m

Engages in the hazardous waste incineration business in Thailand.

General Engineering

Market Cap: ฿344.5m

Manufactures and distributes construction materials in Thailand and internationally.

PM Thoresen Asia Holdings

Market Cap: ฿1.0b

An investment holding company, manufactures and sells fertilizers and agrochemical products in Vietnam.

Rich Sport

Market Cap: ฿861.9m

Together with its subsidiary, engages in the manufacture and sale of shoes, clothes, caps, and bags in Thailand and internationally.

Thoresen Thai Agencies

Market Cap: ฿8.6b

Operates as a shipping company in Asia, Africa, the United States, Europe, and Oceania.

International Research Corporation

Market Cap: ฿236.9m

Distributes and renders system development services of information technology, network information, and telecommunication information systems in Thailand.

TPC Power Holding

Market Cap: ฿1.1b

Generates and distributes electricity in Thailand.

Ekarat Engineering

Market Cap: ฿1.4b

Engages in the manufacture and distribution of transformers and solar farms in Thailand.

Halcyon Technology

Market Cap: ฿792.0m

Manufactures, distributes, imports, and sells cutting tools, jig and fixtures, and custom metallic devices in Thailand and internationally.

Haier Smart Home

Market Cap: ฿230.6b

Engages in the research, development, production, and sales of smart home appliances.

Country Group Development

Market Cap: ฿991.9m

Engages in the real estate development business in Thailand and internationally.

Specialty Natural Products

Market Cap: ฿1.8b

Manufactures and distributes herbal extracts, cosmetics, beverages, health supplements, and traditional medicines in Thailand and internationally.

Thaifoods Group

Market Cap: ฿30.0b

Engages in the production and distribution of chicken and swine products in Thailand.

Warrix Sport

Market Cap: ฿1.4b

Manufactures and sells uniform, clothing, and sport equipment for men, women, and children in Thailand and internationally.

Super Energy Corporation

Market Cap: ฿3.8b

Engages in generation and sale of electricity in Thailand and Vietnam.

Amanah Leasing

Market Cap: ฿1.2b

Provides financial services in Thailand.

Ingress Industrial (Thailand)

Market Cap: ฿448.6m

An investment holding company, manufactures and distributes automotive components in Thailand, Malaysia, Indonesia, and India.

Jubilee Enterprise

Market Cap: ฿1.2b

Engages in the production, distribution, and retail of diamond jewelry in Thailand.

Meituan

Market Cap: ฿616.9b

Operates as a technology driven retail company in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.

Thai Nam Plastic

Market Cap: ฿306.7m

Manufactures and distributes semi-finished plastic products, synthetic leathers, and films/sheets in Thailand and internationally.

Southern Concrete Pile

Market Cap: ฿2.2b

Manufactures, sells, installs, and services prestressed concrete products in Thailand.

Pranda Jewelry

Market Cap: ฿788.6m

Manufactures, distributes, and retails jewelry in Thailand, the United States, Hongkong, the United Kingdom, Canada, and internationally.

Utility Business Alliance

Market Cap: ฿558.0m

Provides technical engineering and other related services in Thailand.

AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿8.2b

Focuses on investing in freehold right of land, cold storage buildings, and immovable assets related to cold storage and warehouses in Thailand.

Birla Carbon (Thailand)

Market Cap: ฿14.3b

Engages in manufacture and sale of carbon black.

Bangchak Corporation

Market Cap: ฿41.7b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

PTT Global Chemical

Market Cap: ฿118.4b

Operates as a chemical company in Thailand and internationally.

Electricity Generating

Market Cap: ฿60.5b

Generates and sells electricity to government sector and industrial users primarily in Thailand, Laos, the Philippines, Indonesia, Australia, South Korea, Taiwan, and the United States.

Siamraj

Market Cap: ฿304.5m

Siamraj Public Company Limited, together with its subsidiaries, constructs natural gas metering and pipeline transmission systems in Thailand.

Dusit Thani

Market Cap: ฿11.5b

Owns and operates hotels and resorts in Thailand and internationally.

Thai Enger Holding

Market Cap: ฿184.0m

Through its subsidiaries, engages in the construction contractor and interior service business in Thailand.

Syntec Construction

Market Cap: ฿3.1b

Provides construction and real estate development services in Thailand.