Thai Stocks: Key Firms Shine on AI, Data Centers, and Retail Trends

Key Thai listed companies are drawing attention amidst developments in growth sectors such as AI, data centers, and retail. Stock price movements as of September 10, 2026, indicate strategic progress for various firms. In the power sector, B.Grimm Power PCL (BGRIM) is focusing on unlocking the green power market. The company aims to accelerate Direct Power Purchase Agreements (Direct PPAs) and foster a competitive green electricity market under the PDP 2026 plan. This is seen as crucial not only for existing industrial customers but also for Thailand's ability to attract data centers and future industries. BGRIM's stock has risen approximately 40.4% since the close of 2025. Meanwhile, Gulf Development PCL (GULF) also emphasizes the investment opportunities presented by PDP 2026, eyeing expansion into the data center space. However, the company calls for regulatory bottlenecks to be removed and for a clear, fair Third-Party Access (TPA) or wheeling-charge framework. GULF highlights the need for 24/7 reliable power for large data center loads, likely requiring a hybrid of renewables, battery energy storage systems (BESS), and firm generation. In the retail industry, Central Retail Corporation PCL (CRC) shows a steady performance supported by the recovery in domestic consumption. Same-store sales growth (SSSG) in the third quarter (3QTD) increased by 1.9% year-on-year, with the food segment performing particularly well at 6.5% growth. This is attributed to the impact of renovations and promotions last year, as well as the recovery in tourist spending. CRC's stock has risen approximately 61.1% since the close of 2025. In technology retail, Com7 PCL is experiencing heightened expectations ahead of the launch of the latest iPhone models. The introduction of the new iPhone 18 series, particularly the foldable iPhone Duo line, is attracting significant market attention. Com7's stock has risen approximately 49.2% since the close of 2025. In other non-financial sectors, Bangkok Commercial Asset Management PCL (BAM) is shifting its business model to focus on asset management. Cal-Comp Electronics (Thailand) PCL (CCET) has seen its sales from January to August 2026 increase by 9.5% year-on-year, driven by growing demand for AI-related electronic components. In the financial sector, Krung Thai Bank PCL (KTB) announced an increase in its interim dividend, exceeding analyst expectations. The bank has revised its full-year dividend forecast for 2026 upwards, suggesting its narrative as a high-yield stock is likely to continue. KTB's stock has risen approximately 56.6% since the close of 2025. These developments indicate that the Thai economy is being driven by specific growth sectors, creating investment opportunities across diverse industries.