Thai Blue-Chip Stocks Rally on Expansion and Diversification

DELTA.BK – Delta Electronics (Thailand) PCL Leading manufacturer of power electronics, switching power supplies, DC fan modules and related products serving IT, industrial automation, EV and data-centre markets. Majority-owned by Taiwan’s Delta Electronics Inc. YTD 2026 Performance ▲ +77.5% 30 Dec 2025 close 173.00 → 24 Jul 2026 close 307.00 DELTA: DELTA will invest approximately THB3.2bn (US$98m) to build a new manufacturing plant in Bangpoo Industrial Estate, Samut Prakan, replacing its aging facility and supporting future capacity expansion. The investment will be funded through working capital. Construction is scheduled to begin in 4Q26 and be completed in 4Q28. Comment: FDI FDI FDI woohah! KBANK.BK – Kasikornbank PCL One of Thailand’s largest commercial banks offering full-service retail, SME, corporate and investment-banking products through an extensive branch and digital network. ▲ +23.4% 30 Dec 2025 close 194.50 → 24 Jul 2026 close 240.00 KBANK: Management expects loan growth in 2H26 to be driven by large corporate clients, supported by signs of economic recovery and increased foreign investment. However, the bank acknowledged pressure from the BOT’s fee reduction measures and is accelerating efforts to develop new revenue streams. KBANK also reaffirmed its commitment to expanding its green loan portfolio to THB500bn. Comment: Wealth management is the new storyline for these banks. For KBANK – just waiting to see whether the GULF management team does an AIS on it. M.BK – MK Restaurant Group PCL Thailand’s leading casual-dining operator best known for the MK suki chain, together with Yayoi Japanese restaurants and other Asian-concept outlets across the country. ▲ +18.1% 30 Dec 2025 close 18.20 → 24 Jul 2026 close 21.50 M: The company launched the Monthly MK Buffet subscription at THB2,990 to drive customer traffic and boost additional menu sales. It also plans to expand itsBonus Suki brand to 60-70 branches by end-2026 while focusing on cost management through raw material price hedging and improved transportation efficiency. Comment: Since when has eating become a SaaS business… PTT.BK – PTT Public Company Limited Thailand’s national integrated energy company engaged in upstream exploration & production, gas transmission, refining, petrochemicals and downstream marketing of petroleum products. 30 Dec 2025 close 32.00 → 24 Jul 2026 close 39.50 PTT: PTT said volatile energy prices require continuous portfolio reviews to enhance resilience and enable the company to adapt quickly. Management confirmed it has THB200bn in working capital, providing sufficient liquidity to support operations and maintain Thailand’s energy security amid higher oil prices. The company remains confident that 2026 operating results will not be lower than last year’s and expects to maintain a dividend yield of 6-7%. Comment: Well I doubt that the management team promises a 6-7% dividend yield. But it is what it is, and given that energy prices are where they are, how could PTT not be a decent mid-term play? Comparison Table – As of 24 July 2026 (USD/THB 33.60) Data compiled from SET / Yahoo Finance / company filings as of market close 24 July 2026. YTD calculated from last trading day of 2025 (30 Dec 2025). USD figures use the fixed rate of 33.60. Past performance is not indicative of future results. If this has helped you, please consider donating and buy me a Somtum Waffle The post Stocks in the news (delta, kbank, m, ptt) 27.07.26 first appeared on ThaiCapitalist.