Thai Stocks in Focus: Data Centers, Banking, and Retail Sectors Highlighted

Several key companies in the Thai stock market are attracting attention. Infraset Public Company Limited, an infrastructure developer, has seen a remarkable year-to-date increase of 163.95%, driven by its involvement in data center construction. The company anticipates participating in TRUE IDC's THB70 billion data center project and currently holds a THB6.4 billion backlog, while pursuing an additional THB5 billion in new projects. In the telecommunications sector, True Corporation Public Company Limited recorded a year-to-date gain of 26.61%, and Advanced Info Service Public Company Limited (AIS) rose by 19.49%. True has revised its FY26 service revenue growth guidance (excluding interconnection) to 1-2% from 2-3%, while maintaining CAPEX at THB25-27 billion and EBITDA growth guidance at 7-8% year-on-year. Krung Thai Bank Public Company Limited in the financial sector has shown strong performance with a year-to-date increase of 56.64%. This is related to CLICX, Thailand's first virtual bank, extending its digital loan approval process from minutes to approximately 13 days to strengthen credit screening and discourage strategic defaults. This move highlights regulators' focus on responsible lending amid elevated household debt. Conversely, PTT Oil and Retail Business Public Company Limited experienced a year-to-date decline of 3.76%. The company is involved in the commercial and retail marketing of petroleum products and operates lifestyle businesses such as Café Amazon and convenience stores. The extension of loan approval times by virtual bank CLICX underscores the regulatory environment in Thailand's fintech sector and the importance of risk management amidst rapid digitalization. Source: ThaiCapitalist