Thai Capital Goods Undervalued over 20% based on DCF

Saha-Union

Market Cap: ฿8.0b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Sahamit Machinery

Market Cap: ฿1.9b

Imports and distributes materials, machinery, and appliances for industries in Thailand.

BJC Heavy Industries

Market Cap: ฿1.3b

Manufactures and sells fabricated steel and equipment and provides modularization services in Thailand and internationally.

Halcyon Technology

Market Cap: ฿1.2b

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

Harn Engineering Solutions

Market Cap: ฿1.2b

Harn Engineering Solutions Public Company Limited, together with its subsidiaries, wholesales, retails, repairs, rents, leases, and installs fire protection system and suppression products in Thailand and internationally.

Steel

Market Cap: ฿881.6m

Engages in the selling and transforming of hot rolled sheets and coils, and structural steel products in Thailand.

Pioneer Motor

Market Cap: ฿802.1m

Engages in the manufacturing and distribution of electric motors in Thailand.

SCI Electric

Market Cap: ฿697.5m

Manufactures and sells electrical switch boards, and cable tray and support systems to various public and private sector projects in Thailand and internationally.

Well Graded Engineering

Market Cap: ฿432.0m

Operates as a construction contractor in Thailand.

Asian Marine Services

Market Cap: ฿361.6m

Provides shipbuilding and ship repair services in Thailand.

BuilderSmart

Market Cap: ฿191.7m

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