Thai Potentially Undervalued Companies

S 11 Group

Market Cap: ฿1.7b

Through its subsidiary, MOD S Company Limited, engages in the hire purchase of motorcycles and loans secured against motorcycle registrations to individuals in Thailand.

Sivarom Real Estate

Market Cap: ฿341.7m

Engages in the property development business in Thailand.

Moong Pattana International

Market Cap: ฿636.8m

Distributes baby, infant, and other products in Thailand and internationally.

Euroasia Total Logistics

Market Cap: ฿328.6m

Provides cross-border transportation services in Thailand and internationally.

Britania

Market Cap: ฿1.6b

Engages in property development business in Thailand.

Sivarom Real Estate

Market Cap: ฿341.7m

Engages in the property development business in Thailand.

AEON Thana Sinsap (Thailand)

Market Cap: ฿26.5b

Provides various retail finance services in Thailand and internationally.

Fancy Wood Industries

Market Cap: ฿239.9m

Manufactures and distributes wood furniture and rubber wood products in Thailand and internationally.

Euroasia Total Logistics

Market Cap: ฿328.6m

Provides cross-border transportation services in Thailand and internationally.

MEB Corporation

Market Cap: ฿6.6b

Engages in distribution and service of e-books in Thailand.

Patkol

Market Cap: ฿192.7m

Trades in and services various engineering products in Thailand and internationally.

Karmarts

Market Cap: ฿10.6b

Engages in the manufacturing, packaging, import, and distribution of cosmetics and consumer products in Thailand.

P.C.S. Machine Group Holding

Market Cap: ฿5.3b

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

Warrix Sport

Market Cap: ฿2.1b

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

Thai Oil

Market Cap: ฿54.7b

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

WHA Industrial Leasehold Real Estate Investment Trust

Market Cap: ฿5.9b

n/a

BuilderSmart

Market Cap: ฿200.3m

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

Berli Jucker

Market Cap: ฿90.6b

Manufactures, distributes, and services for packaging, consumer, healthcare and technical, and modern retail supply chain businesses in Thailand.

Muangthai Capital

Market Cap: ฿77.4b

Engages in the lending business in Thailand.

Gunkul Engineering

Market Cap: ฿18.2b

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

Siam City Cement

Market Cap: ฿47.4b

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

Betagro

Market Cap: ฿46.2b

Operates in the agro-industrial and food business in Thailand, Southeast Asia, rest of Asia, and internationally.

Bangkok Sheet Metal

Market Cap: ฿1.6b

Manufactures and distributes metal forming products in Thailand.

Smart Concrete

Market Cap: ฿666.6m

Engages in manufacturing and selling autoclaved aerated concrete block products for use in construction in Thailand.

Hydrogen Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿1.8b

n/a

IMPACT Growth Real Estate Investment Trust

Market Cap: ฿14.2b

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.

TOA Paint (Thailand)

Market Cap: ฿22.3b

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

BA Airport Leasehold Real Estate Investment Trust

Market Cap: ฿9.6b

n/a

Assetwise

Market Cap: ฿5.7b

Engages in property development and other real estate activities in Thailand.

Minor International

Market Cap: ฿148.8b

Operates as a hospitality, restaurant, and lifestyle company in Thailand, Australia, New Zealand, Europe, the United States, Maldives, the Middle East, and internationally.

Erawan Group

Market Cap: ฿13.0b

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

TPI Polene Power

Market Cap: ฿18.6b

Generates and distributes electricity, refuse derived fuel, and organics waste in Thailand.

SCG Decor

Market Cap: ฿6.9b

Through its subsidiaries, produces and distributes of ceramic tiles, sanitary ware, and other related products and services in Thailand, Vietnam, and internationally.

Chaosua Foods Industry

Market Cap: ฿1.3b

Manufactures and distributes snacks and processed meat products in Thailand, China, the United States, Hong Kong, Australia, and internationally.

Com7

Market Cap: ฿47.5b

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

Thai Plastic Industrial (1994)

Market Cap: ฿275.4m

Manufactures and sells food plastic bags, food plastic wrappers, and food paper containers in Thailand.