Thai Materials Undervalued over 20% based on DCF

Siam Cement

Market Cap: ฿289.2b

Operates in the cement and building materials, chemicals, and packaging businesses in Thailand and internationally.

PTT Global Chemical

Market Cap: ฿154.4b

Operates as a chemical company in Thailand and internationally.

Indorama Ventures

Market Cap: ฿127.5b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

SCG Packaging

Market Cap: ฿121.3b

Provides consumer packaging solutions in Thailand, Vietnam, Indonesia, China, and internationally.

Siam City Cement

Market Cap: ฿44.1b

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

P.S.P. Specialties

Market Cap: ฿9.9b

Manufactures and sells lubricant and grease oils in Thailand.

United Paper

Market Cap: ฿5.4b

Engages in the production and distribution of box surface paper and Kraft paper for packaging corrugated boxes in Thailand.

Thai Metal Drum Manufacturing

Market Cap: ฿4.0b

Manufactures and distributes metal drums and plastic products in Thailand and internationally.

Sherwood Corporation (Thailand)

Market Cap: ฿2.3b

Manufactures and supplies household chemical products in Thailand and internationally.

Sahathai Printing & Packaging

Market Cap: ฿1.2b

Engages in the paper box printing and publication business in Thailand.

PM Thoresen Asia Holdings

Market Cap: ฿966.5m

Manufactures fertilizer and crop care products and provides factory area management services in Vietnam, the Philippines, Madagascar, and internationally.

Union Plastic

Market Cap: ฿587.5m

Manufactures and sells thermoplastics primarily in Thailand.

Varopakorn

Market Cap: ฿397.6m

Engages in the manufacture and distribution of semi-finished aluminum products in Thailand, Asia, Oceania, the United States, and Europe.

Ubis (Asia)

Market Cap: ฿387.6m

Manufactures and distributes sealing compounds, lacquers, and coatings used in can production and bottle closures for the food, beverage, and general industries in Thailand, China, and internationally.

STC Concrete Product

Market Cap: ฿346.5m

Engages in the manufacture and distribution of precast concrete products in Thailand.

Thai Plastic Industrial (1994)

Market Cap: ฿291.6m

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

Stone One

Market Cap: ฿261.1m

Produces and distributes industrial stone products in Thailand.