Thai Potentially Undervalued Companies

Erawan Group

Market Cap: ฿13.8b

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

TPI Polene Power

Market Cap: ฿18.8b

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

Assetwise

Market Cap: ฿5.8b

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

LVMH Moët Hennessy - Louis Vuitton Société Européenne

Market Cap: ฿294.2b

Operates as a luxury goods company worldwide.

NAT Absolute Technologies

Market Cap: ฿1.2b

Provides information technology and telecommunication solutions in Thailand.

Communication & System Solution

Market Cap: ฿975.9m

Distributes and installs passive fire protection materials and equipment for buildings and factories in Thailand.

SiamEast Solutions

Market Cap: ฿299.0m

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

Sabina

Market Cap: ฿6.4b

Manufactures and sells ready made clothes, mainly lady’s underwear in Thailand and internationally.

Advice IT Infinite

Market Cap: ฿2.9b

Engages in the retail and wholesale of IT products, mobile phones and accessories in Thailand.

Tencent Holdings

Market Cap: ฿4.6t

An investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People’s Republic of China and internationally.

TMBThanachart Bank

Market Cap: ฿193.3b

Provides various commercial banking products and services to individuals, large-sized and medium-sized business, small-size business, and corporate customers primarily in Thailand.

G-Able

Market Cap: ฿2.5b

Provides digital, enterprise business, and IT infrastructure solutions in Thailand.

Sri Trang Gloves (Thailand)

Market Cap: ฿20.6b

Manufactures and distributes rubber gloves in Asia, North America, South America, Europe, and internationally.

Interlink Communication

Market Cap: ฿3.1b

Imports and distributes IT network cabling system products in Thailand.

SPCG

Market Cap: ฿8.0b

Produces and distributes electricity from solar energy in Thailand and internationally.

Aqua Corporation

Market Cap: ฿1.3b

Provides real estate and warehouse rental services in Thailand.

Union Auction

Market Cap: ฿4.1b

Provides auction services for assets in Thailand.

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.

Smart Concrete

Market Cap: ฿666.6m

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

Bangkok Sheet Metal

Market Cap: ฿1.6b

Manufactures and distributes metal forming products in Thailand.

Hydrogen Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿1.8b

n/a

Ubis (Asia)

Market Cap: ฿547.2m

Engages in the manufacturing and distribution of sealing compounds, lacquers, and coatings used in can production and bottle closures for the food, beverage, and general industries in Thailand, China, and internationally.

Chememan

Market Cap: ฿2.2b

Manufactures and distributes mineral lime and chemical products in Thailand and internationally.

Malee Group

Market Cap: ฿3.4b

Manufactures and distributes fruit juices, canned fruit, milk and cereal drink, and non-alcohol beverage products in Thailand and internationally.

Prakit Holdings

Market Cap: ฿683.1m

Engages in the production of media and advertisement in Thailand and internationally.

Tanachira Retail Corporation

Market Cap: ฿1.4b

Operates as a fashion lifestyle retailer in Thailand, China, Vietnam, Japan, Taiwan, Singapore, the Kingdom of Saudi Arabia, Norway, and internationally.

S P V I

Market Cap: ฿548.0m

Engages in the distribution of computers, mobile phones, and related accessories and services in Thailand.

Thai Coconut

Market Cap: ฿10.1b

Produces and distributes coconut products in Thailand.

Platinum Group

Market Cap: ฿4.3b

Engages in the property development business in Thailand.

BPS Technology

Market Cap: ฿224.0m

Engages in the distribution of electrical connectivity equipment, technology related products, and solar cell products in Thailand.

SCG Decor

Market Cap: ฿6.8b

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

Siam Wellness Group

Market Cap: ฿5.9b

Engages in the spa services businesses in Thailand.

Bluebik Group

Market Cap: ฿5.9b

Provides strategic and digital technology consulting services in Thailand and Vietnam.

Qualitech

Market Cap: ฿297.7m

Provides non-destructive testing, inspection, and certification services for welding and metal works, and equipment in Thailand and internationally.

Eastern Polymer Group

Market Cap: ฿8.3b

Through its subsidiaries, engages in the manufacture and distribution of rubber insulation, automotive, and plastic packing products in Thailand and internationally.

Itthirit Nice Corporation

Market Cap: ฿440.1m

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