Thai Giants Gulf and SCC Surge on AI Push and Diversification

Stocks in the news (gulf, scc) 24.07.26 GULF.BK – Gulf Development Public Company Limited Leading Thai energy and infrastructure holding company. Develops and operates gas-fired and renewable power plants, natural gas businesses, and is expanding into ports, logistics, data centers and digital services. One of Thailand’s largest independent power producers with growing regional footprint. YTD 2026 Performance ▲ +58.1% 41.75 THB (30 Dec 2025) → 66.00 THB (23 Jul 2026) View full analysis → GULF announced a significant expansion of its AI strategy through Gulf Edge, alongside a strategic partnership with Cognizant to deliver end-to-end AI solutions spanning sovereign cloud, AI infrastructure, enterprise AI platforms, systems integration and managed services. Comment: Cookie munsterrrrrrrrrrrrrrrrrrr SCC.BK – The Siam Cement Public Company Limited Thailand’s largest and oldest industrial conglomerate. Operates through three core businesses: Cement & Building Materials, Chemicals (SCGC) and Packaging (SCGP). Strong ASEAN presence with a focus on sustainability, green solutions and high-value products. ▲ +40.1% 183.50 THB (30 Dec 2025) → 257.00 THB (23 Jul 2026) SCG acknowledged that the macro environment remains challenging but continues to execute its “Daily War” strategy, focusing on cost optimisation, automation, AI adoption and higher value-added products to strengthen long-term competitiveness across ASEAN. Comment: Bringing back capital to Thailand and then setting up the national petchemco w/ PTTGC. My main q mark is the petchem in Vietnam, can that country secure enough feedstock? Side-by-Side Comparison Data as of 23 July 2026. Market Cap USD calculated at USD/THB 33.80. YTD calculated from 30 Dec 2025 closing prices. Source: SET, company filings & market data providers. If this has helped you, please consider donating and buy me a Somtum Waffle The post Stocks in the news (gulf, scc) 24.07.26 first appeared on ThaiCapitalist.