Thai Stocks in Focus: ADVANC, GULF and AI/Data Center Hopes

Company news ADVANC.BK Company Background Advanced Info Service PCL (AIS) is Thailand’s largest mobile operator, spanning prepaid/postpaid wireless, fixed broadband, enterprise ICT and device sales. The name is the telecom cash-flow engine inside the post-amalgamation Gulf–Intouch group; earnings are driven by mobile ARPU and broadband net-adds, with a high payout and a premium P/BV versus SET telco peers after the 2026 rerating from the December 2025 close. YTD Performance 2026 : ▲ +10.5% (Dec 30 2025 close: THB 313.00; 4 September 2026 last sale: THB 346.00) View full analysis → ADVANC: Defence Ministry, AIS and DGA to strengthen digital/AI literacy and Digital Defense capabilities GULF.BK Company Background Gulf Development PCL is Thailand’s leading independent power producer after the Gulf–Intouch amalgamation, owning gas-fired IPP/SPP plants, LNG and a growing renewable book, plus a strategic stake in ADVANC. Earnings mix gas-spread power cash flow with telecom associate income; the 2026 rerating reflects both the combination and a firmer power and infra bid, even after a pullback from the late-August highs. ▲ +47.9% (Dec 30 2025 close: THB 41.75; 4 September 2026 last sale: THB 61.75) GULF: Google sees Thailand as potential AI/data-centre “epicenter”; GULF highlights data-centre growth opportunity. MMM.BK Company Background MMM Capital PCL is a Thai real-estate services platform — project sales consulting, on-site sales management and selective property trading — listed on SET in October 2025. Revenue is fee- and commission-driven off developer launches rather than a large land bank; the stock has derated from the post-IPO peak as 2026 volumes cooled, though the name still screens as a high-yield small-cap after cash and stock dividends through 1H26. ▼ −19.5% (Dec 30 2025 close: THB 3.38; 4 September 2026 last sale: THB 2.72) MMM — Signed a sales-management contract on the KLOS Ratchada 7 condo (Frasers, Din Daeng, 111 units) worth ฿140m. Comment: Why is this even a public company,.,,then again perhaps when the property market returns to its lofty heights this will be a great trade on it. SJWD.BK Company Background SCGJWD Logistics PCL is the SCG-backed integrated logistics platform formed from the JWD combination — contract warehousing, freight forwarding, yard and auto logistics, and overseas supply-chain services. Earnings track occupancy and freight cycles more than a single industrial name; the stock trades below book as a high-yield SET mid-cap after a 2026 rebound from the December 2025 close. ▲ +26.4% (Dec 30 2025 close: THB 7.40; 4 September 2026 last sale: THB 9.35) SJWD — Two note deals lined up for 18–22 Sep: a 3-year conventional issue at 2.85–3.10% via KBANK, TTB and KKPS (book 18 and 21–22 Sep), and a 3-year-6-month digital note at 2.95–3.20% on Krungthai’s Paotang wallet (min ฿1,000). Corporate events XD today — EGCO ฿3.25; HPF ฿0.14; LHFG ฿0.02; MII ฿0.2060; MNIT ฿0.0340; MNIT2 ฿0.0850; TAE ฿0.05. Rest is DRs (AIA06/19/23, BAC03, GOOG/GOOGL series, PEP80, PYPL06). WHART — Record date today (XR was yesterday; ratio 1 : 0.0367). CIMBT / GLAND / LRH — Day two of the 3–11 Sep last-trade window. Cash balance only. Delist 12 Sep. Still open — FMT tender, 27.72m shares at ฿18, through 17 Sep. Please give this Somtum Waffle a tip Leave a tip The post Stocks in the news (advanc, gulf, mmm, sjwd) 04.09.26 first appeared on ThaiCapitalist.