Thai Materials Potentially Undervalued Small Caps

Sanko Diecasting (Thailand)

Market Cap: ฿462.3m

Manufactures and distributes aluminum parts and molds in Thailand.

2S Metal

Market Cap: ฿1.7b

Manufactures and sells steel pipes, steel plates, light lip channels, and steel wire mesh products in Thailand and Lao People's Democratic Republic.

Union Plastic

Market Cap: ฿590.0m

Manufactures and sells thermoplastics primarily in Thailand.

Varopakorn

Market Cap: ฿401.6m

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

Sahathai Printing & Packaging

Market Cap: ฿1.2b

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

Chonburi Concrete Product

Market Cap: ฿802.7m

Engages in the manufacturing and sales of concrete products and ready mixed concrete in Thailand.

Delta Paint

Market Cap: ฿59.8m

Engages in the production and distribution of paints, chemicals, and interior design in Thailand and Cambodia.

Panjawattana Plastic

Market Cap: ฿1.2b

Manufactures and distributes plastic packaging and industrial plastic parts in Thailand and internationally.

Selic Corp

Market Cap: ฿1.8b

Together with other subsidiaries, engages in the production and distribution of adhesives in Thailand.

PMC Label Materials

Market Cap: ฿378.2m

Manufactures and distributes self-adhesive labels in Thailand and internationally.

PM Thoresen Asia Holdings

Market Cap: ฿971.5m

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

Siam Steel Service Center

Market Cap: ฿1.4b

Engages in manufacturing and selling steel accessories in Thailand and Vietnam.

Thai Packaging & Printing

Market Cap: ฿472.5m

Manufactures and distributes box packaging products.

Chow Bright Ventures Holdings

Market Cap: ฿1.1b

Primarily engages in manufacturing, tolling, selling, and distributing steel billets in Thailand and internationally.

Thai Rubber Latex Group

Market Cap: ฿907.8m

Produces and distributes concentrated latex and other latex products in Thailand, the People's Republic of China, Hong Kong, Pakistan, Malaysia, the Republic of Korea, and internationally.

World Flex

Market Cap: ฿459.6m

Manufactures and sells latex thread products in Thailand.

Eason & Co

Market Cap: ฿628.8m

Manufactures and sells industrial and automotive paints primarily in Thailand.

Unique Plastic Industry

Market Cap: ฿1.1b

Manufactures and distributes films and packaging products for consumers, heavy duty sack, and industrial use.