Thai Stocks in Focus: Leadership Changes to Asset Disposals

Asia Plus Group Holdings PCL (ASP), a Thai securities house spanning brokerage and derivatives, investment banking, fund management and proprietary trading, has appointed Dr. Kris Panijpan as CEO, succeeding Dr. Kongkiat Opaswongkarn who is retiring, effective October 1st. Bangkok Commercial Asset Management PCL (BAM), Thailand’s listed NPL/NPA manager, revealed plans to invite Asset Management Companies (AMCs) including JMART, CHAYO, and SA, as well as unlisted entities such as Knight Club Capital and Prime Zone, to participate in auctions for debt portfolios in October. These portfolios will be offered in lots valued between Bt250 million and Bt500 million each, comprising assets such as residential properties, SME loans, and factory facilities. Com7 PCL (COM7), Thailand’s leading specialty IT and consumer-electronics retailer, anticipates sales growth from iPhone sales to be no less than 10% half-on-half, driven by strong demand for the Pro Max model. The company remains firm on its 10-15% full-year revenue growth target. i-Tail Corporation PCL (ITC), Thai Union’s listed pet-food specialist, has revised up its full-year revenue growth target to 14-17% from 8-11% previously, after logging a 15.1% year-on-year increase in the first half of 2026. The company maintains its full-year gross profit margin (GPM) within the 23-25% range, supported by the full effect from price hikes, growth in wet pet food in the US, and a boost from seven new clients in the EU. Grande Asset Hotels and Property PCL (GRAND), a Thai hotel-and-property group, had its board approve on September 22, 2026, a proposal to sell the operating assets of The Westin Grande Sukhumvit to Rabbit Holdings for up to Bt494.6 million, subject to shareholder approval. Rabbit Holdings has stated that talks remain non-binding. Jasmine Technology Solution PCL (JTS), a Jasmine-group telecom and ICT name, announced that its board took an LOI on a full sale of subsidiary JasTel. The deal floor is set at Bt6 billion, and the buyer gets a four-month exclusive period to conduct due diligence. Samart Telcoms PCL (SAMTEL), a Samart Corp subsidiary, announced that its 99.99% subsidiary, Portalnet, won the Government Lottery Office ERP job for Bt695 million, including VAT. The contract is expected to follow. Thaicom PCL (THCOM), Thailand’s listed satellite operator, will change its company name to Gulf Space Technology and its ticker symbol to GST, effective September 28th. Information Source: ThaiCapitalist