Thai Potentially Undervalued Companies

Exotic Food

Market Cap: ฿6.9b

Manufactures and distributes various food products in Europe, the United States, and internationally.

Gulf Development

Market Cap: ฿649.9b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

S Hotels and Resorts

Market Cap: ฿9.4b

Engages in the investment and hospitality businesses.

Noble Development

Market Cap: ฿5.7b

Develops and sells real estate properties in Thailand.

Green Tech Ventures

Market Cap: ฿1.4b

Engages in the electricity generation and property development activities in Thailand, Vietnam, and the Lao People's Democratic Republic.

Grand Canal Land

Market Cap: ฿4.8b

Engages in the real estate development business in Thailand.

SiamEast Solutions

Market Cap: ฿353.3m

Engages in the procurement and distribution of industrial products and services for water, liquids, slurries, and related equipment to industrial factories in Thailand.

Thai Eastern Group Holdings

Market Cap: ฿3.5b

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

Frasers Property (Thailand)

Market Cap: ฿15.4b

Primarily develops industrial real estate properties in Thailand.

SEI Medical

Market Cap: ฿482.8m

Engages in the distribution of scientific and medical equipment in Thailand.

Thai Oil

Market Cap: ฿77.1b

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

KGI Securities (Thailand)

Market Cap: ฿7.8b

Engages in the securities and derivatives business in Thailand.

Sermsang Power Corporation

Market Cap: ฿4.8b

Operates in the renewable energy business in Thailand, Japan, Vietnam, Mongolia, and Indonesia.

PTT Exploration and Production

Market Cap: ฿452.6b

Engages in the exploration, development, and production of petroleum in Thailand and internationally.

Ananda Development

Market Cap: ฿2.0b

Together with subsidiaries, develops and sells real estate projects in Thailand.

Sunsweet

Market Cap: ฿2.6b

Together with its subsidiary, manufactures and distributes agricultural products in Thailand and internationally.

Erawan Group

Market Cap: ฿13.1b

Engages in hotel, and building rental and management businesses primarily in Thailand, Japan, and Philippines.

S. Pack & Print

Market Cap: ฿411.0m

Together with its subsidiary Sahakij Packaging Co., Ltd., operates an offset printing business in Thailand.

TCM Corporation

Market Cap: ฿374.0m

Engages in the manufacture, distribution, and sale of various rugs and carpets in Thailand, the United Kingdom, and internationally.

Itthirit Nice Corporation

Market Cap: ฿402.6m

Engages in the distribution and installation of electrical appliances and household electronics in Thailand.

Bangkok Chain Hospital

Market Cap: ฿32.7b

Operates private hospitals in Bangkok vicinity, Chiang Rai, Saraburi, Nonthaburi, Pathumthani, Ayudhaya, Chachoengsao, Prachinburi, Sa Kaeo Province, and Lao People’s Democratic Republic.

Itthirit Nice Corporation

Market Cap: ฿402.6m

Engages in the distribution and installation of electrical appliances and household electronics in Thailand.

MBK

Market Cap: ฿26.7b

Engages in the shopping center, hotel and tourism, golf, real estate, food solution, financial, and auction businesses in Thailand, the United States, Canada, Europe, and the Asia Pacific.

Bangkok Dusit Medical Services

Market Cap: ฿327.4b

Operates hospitals in Thailand and internationally.

Home Product Center

Market Cap: ฿95.4b

Operates as a home improvement retailer in Thailand, Malaysia, and Vietnam.

Star Money

Market Cap: ฿1.1b

Engages in the distribution of electrical appliances in Thailand.

Bless Asset Group

Market Cap: ฿240.0m

Develops and sells land and houses in Thailand.

T.A.C. Consumer

Market Cap: ฿2.8b

Engages in the manufacture and distribution of beverage in Thailand and internationally.

SiS Distribution (Thailand)

Market Cap: ฿7.1b

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

Bumrungrad Hospital

Market Cap: ฿143.1b

Owns and operates hospitals in Thailand and internationally.

BKI Holdings

Market Cap: ฿31.8b

Engages in the provision of non-life insurance in Thailand.

MINISO Group Holding

Market Cap: ฿7.5b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in China, the rest of Asia, the Americas, Europe, Indonesia, and internationally.

Singapore Airlines

Market Cap: ฿20.1b

Together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, Europe, South West Pacific, the Americas, West Asia and Africa, and internationally.

Noble Development

Market Cap: ฿2.9b

Develops and sells real estate properties in Thailand.

KTBST Mixed Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿1.7b

A real estate investment trust, invests in various property development projects in Thailand.

Interroyal Engineering

Market Cap: ฿938.4m

Provides integrated power, renewable energy, and business solutions.