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In August 2026, we released our Top 50 Uncovered Thai Stocks as of the 2Q26 financial results. The dream outcome of Uncovered Thai Stocks is to find hidden gems in the Thai stock market that can multiply in value.
The 10 BEST performers in September 2026
Better World Green PCL (BWG) ranked 9th out of 300 Uncovered Thai Stocks and is very good at generating consistently positive operating cash flow. BWG provides integrated waste management solutions for industrial clients. Its core services include the collection, transportation, and treatment of both hazardous and non-hazardous waste.
Dexon Technology PCL (DEXON) ranked 17th out of 300 Uncovered Thai Stocks, and the efficiency is very good when looking at the growth in sales relative to the growth in assets. DEXON provides engineering inspection services and develops technological innovations for inspecting production structures and equipment. It primarily serves the petroleum, energy, and other related industrial sectors.
Samart Telcoms PCL (SAMTEL) ranked 3rd out of 300 Uncovered Thai Stocks, and earnings quality is very high based on our analysis of net income relative to operating cash flow. SAMTEL is a core subsidiary of the Samart Group, specializing in comprehensive ICT solutions. The company is a key partner for Thailand’s digital infrastructure projects. Want to dig deeper? Our Reading between the lines series compares consecutive MD&As to see what’s changed and what’s worth watching. Read between the lines for SAMTEL.
Prakit Holdings PCL (PRAKIT) ranked 26th out of 300 Uncovered Thai Stocks, and the efficiency is very good when looking at the growth in sales relative to the growth in assets. PRAKIT operates primarily as an advertising agency and media planning consultancy. The company provides marketing communications, strategic media purchasing, and public relations services. Read between the lines for PRAKIT.
JD Food PCL (JDF) ranked 25th out of 300 Uncovered Thai Stocks and is very good at generating consistently positive operating cash flow. JDF is a specialist in the research and development of food seasoning and food ingredients. The company operates as a key Original Equipment Manufacturer for major food producers.
KT Medical Service PCL (KTMS) ranked 4th out of 300 Uncovered Thai Stocks and has delivered strong sales growth, which is essential for long-term value creation. KTMS is a specialized healthcare service provider primarily focused on hemodialysis operations. The company operates numerous hemodialysis centers across Thailand.
ALT Telecom PCL (ALT) ranked 8th out of 300 Uncovered Thai Stocks, and earnings quality is very high based on our analysis of net income relative to operating cash flow. ALT constructs, rents, and services digital and renewable energy infrastructure, including telecom base stations, fiber-optic cable networks, and submarine cable stations. Read between the lines for ALT.
Sahathai Terminal PCL (PORT) ranked 31st out of 300 Uncovered Thai Stocks, and earnings quality is very high based on our analysis of net income relative to operating cash flow. PORT is a multi-purpose terminal operator located on the Chao Phraya River in Samut Prakan, near Bangkok. The company provides a wide range of services, including commercial vessel berthing, container storage, and inland transportation. Read between the lines for PORT.
Humanica PCL (HUMAN) ranked 18th out of 300 Uncovered Thai Stocks, and the tightness of the operation is very good based on the cash conversion cycle. HUMAN operates as a premier software developer specializing in human resource management systems. The company provides proprietary software-as-a-service platforms alongside professional payroll outsourcing. Read between the lines for HUMAN.
MFEC PCL (MFEC) ranked 42nd out of 300 Uncovered Thai Stocks, and the tightness of the operation is very good based on the cash conversion cycle. MFEC is an information technology service provider specializing in complex systems integration. Its core services cover cybersecurity, big data analytics, and cloud computing for large corporate clients.
The 10 WORST performers in September 2026
Earth Tech Environment PCL (ETC) ranked 14th out of 300 Uncovered Thai Stocks, and the tightness of the operation is very good based on the cash conversion cycle. ETC operates renewable energy power plants in Thailand, specializing in converting industrial waste into electricity. The company is a key subsidiary of Better World Green, which provides a secure and steady supply of industrial waste feedstock.
Syntec Construction PCL (SYNTEC) ranked 19th out of 300 Uncovered Thai Stocks, and looking at the balance sheet, the company has very good access to capital to fund growth. SYNTEC is a construction company specializing in high-rise buildings and complex civil engineering projects. The company offers a one-stop service from foundation work to architectural finishing.
Techno Medical PCL (TM) ranked 36th out of 300 Uncovered Thai Stocks, and earnings quality is very high based on our analysis of net income relative to operating cash flow. TM is a medical equipment distributor in Thailand, supplying disposable equipment, surgical instruments, and medical devices. TM also operates nursing care facilities and a nursing care school.
Thoresen Thai Agencies PCL (TTA) ranked 32nd out of 300 Uncovered Thai Stocks, and earnings quality is very high based on our analysis of net income relative to operating cash flow. TTA is a strategic investment holding company with a diverse portfolio focused on global transport and infrastructure. The primary business pillar is shipping, operated through a fleet of Supramax and Ultramax dry bulk vessels that provide freight services worldwide. Read between the lines for TTA.
MBK PCL (MBK) ranked 41st out of 300 Uncovered Thai Stocks, and the tightness of the operation is very good based on the cash conversion cycle. MBK operates as a diversified conglomerate with a strong foundation in shopping center management. The company is best known for its flagship MBK Center in Bangkok, a major hub for tourists and locals. Read between the lines for MBK.
SPVI PCL (SPVI) ranked 16th out of 300 Uncovered Thai Stocks, and the efficiency is very good when looking at the growth in sales relative to the growth in assets. SPVI is a leading Apple-authorized reseller in Thailand, operating several store formats, including iStudio, U-Store, and iCenter. The company focuses on the education market, providing technology solutions to schools and universities.
Bound and Beyond PCL (BEYOND) ranked 30th out of 300 Uncovered Thai Stocks, and earnings quality is very high based on our analysis of net income relative to operating cash flow. BEYOND owns two iconic ultra-luxury hotels in Bangkok: Four Seasons Hotel Bangkok at Chao Phraya River and Capella Bangkok. Renowned worldwide for their design and exceptional service, these properties anchor BEYOND’s portfolio.
Beryl 8 Plus PCL (BE8) ranked 23rd out of 300 Uncovered Thai Stocks, and the company is very good at generating consistently positive operating cash flow. BE8 is a digital technology consulting firm specializing in customer relationship management, data analytics, and end-to-end cloud integration.
Seafresh Industry PCL (CFRESH) ranked 47th out of 300 Uncovered Thai Stocks, and the company is very good at generating consistently positive operating cash flow. CFRESH specializes in producing and distributing frozen shrimp and processed seafood. Based in Chumphon, the company operates high-standard manufacturing facilities that serve global markets.
Ditto (Thailand) PCL (DITTO) ranked 1st out of 300 Uncovered Thai Stocks and has delivered strong sales growth, which is essential for long-term value creation. DITTO is a technology company specializing in data management and digital transformation. The company serves government agencies and private enterprises, providing customized software and hardware integration.
This is not investment advice or recommendations. Please refer to our full disclaimer