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Thai stocks · SET · Travel and leisure · Hotels and rental property
Held by 3 funds3 open to buy1 AMCs
Last close (THB)3.20+0.02 (+0.63%)as of 4 Nov 2026
Funds that hold it3One fund per scheme
Held through a master fund03 buy the stock themselves
Largest weight in a single fund2.65%Of that fund's NAV
Median weight2.64%Half the funds hold more than this
What does AWC do
Asset World Corp PCL
Owns and manages luxury hotels, plus shopping centres and office buildings for rent. Most revenue comes from hotel rooms and food, so it depends on tourist numbers and room rates, while rental income keeps earnings steady
Hotels under Marriott, Hilton and Banyan TreeAsiatique The RiverfrontGateway shopping centreEmpire Tower office buildingTawanna BangkapiHotel meeting and banquet rooms
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 48 · operating expenses 28 · other income adds 32 · tax and other items 20 · leaving 37 as net profit
Which funds let you invest in AWC
Sorted by weight held, largest first
Investors in Thailand can buy AWC through 3 mutual funds open to retail investors. Every one of them buys the stock directly.
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
How many funds each AMC holds it through
KTAM
Data sourcesFunds that buy the stock themselves: top 5 holdings from the AMC's fact sheet as of 30 Sep 2026 · Funds that invest through a master fund: the master fund's portfolio from its issuer's fact sheet or prospectus · Each scheme counts as one fund · Share price: Market data · Financial statements: SEC Thailand (audited financial statements) · Ratios: Market data · Revenue by business segment: SEC Thailand (audited financial statements) · Weights are as of the report date, and funds can change their portfolios at any time · Investing involves risk. This is not investment advice.
Showing 3 of 3 funds you can buy · The full list is in the Expert view · Latest weights from portfolio reports, and funds can change their portfolios at any time · Past performance is not a guarantee of future performance
Valuation and key ratios
Asset World Corp PCL · SET · Fiscal year ends in December
Market cap102.5B THB32.03 billion shares
P/E16.0xPrice ÷ FY2025 EPS 0.20
Forward P/E39.7xBased on forecast 12-month earnings
P/S5.6x
EV/EBITDA16.1x
Dividend yield2.50%0.08 THB per share a year
ROE6.8%Net profit ÷ shareholders' equity
Debt to equity (D/E)0.89xInterest-bearing debt
Beta1.03Against SET50 (TDEX fund)
Gross margin52.0%FY2025
Operating margin56.6%FY2025
Net margin36.8%FY2025
Price ratios use the latest close shown on this page · Forward P/E, P/S and EV/EBITDA from Market data · Beta from 5 years of monthly returns · Total dividends over the last 12 months
Company health made simple
From the FY2025 statements
Sales growth22.0%Fast growth
Yearly average over the last 3 years · Latest annual sales 17.4B THB
Profit from sales37%Highly profitable
For every 100 baht of sales, about 37 baht is left as net profit
Dividend2.50%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+52.4%Up
Now 3.0% below its 1-year high
A rise or fall in the share price doesn't move a fund by the same amount — a fund is affected only in proportion to how much it holds
Financial statements
Revenue grows 22.0% a year on average · EPS grows 18.6% a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY20229.6B THB3.9B THB
FY202314.0B THB5.0B THB
FY202415.9B THB5.9B THB
FY202517.4B THB6.4B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY20253.7B THB1.4B THB
Q3 FY20254.1B THB1.1B THB
Q4 FY20255.0B THB1.9B THB
Q1 FY20265.2B THB2.0B THB
Q2 FY20263.9B THB1.5B THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
9.6B THB
14.0B THB
15.9B THB
17.4B THB
Gross profit
4.3B THB
7.3B THB
8.7B THB
9.0B THB
Operating profit
6.1B THB
8.1B THB
8.9B THB
Free cash flow = operating cash flow − capital expenditure · A cell showing N/A is an item the statement doesn't report, not a zero · Source: SEC Thailand (audited financial statements)
Technical analysis
Closed at 3.20 THB on 4 Nov 2026
Daily trendClear uptrendScore 1.00 on a scale of −1 to +1 · 1211 bars
RSI(14)
57.4
ADX(14)
16.3
Position in the price range
74%
Weekly trendClear uptrendScore 0.80 on a scale of −1 to +1 · 262 bars
RSI(14)
68.9
ADX(14)
39.8
Position in the price range
93%
Monthly trendLeaning upScore 0.17 on a scale of −1 to +1 · 61 bars
RSI(14)
57.2
ADX(14)
25.8
Position in the price range
55%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
3.17
3.17
Above
20 days
3.12
3.14
Above
50 days
3.09
3.07
Above
100 days
2.93
2.91
Above
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
57.42
Up
MACD(12,26)
0.03
Up
ADX(14)
16.29
Neutral
ATR(14) % of price
1.20
Neutral
Support and resistance (weekly pivots)
s33
s23
s1
Trend score = average of the moving-average group and the indicator group ((up signals − down signals) ÷ number of signals) · RSI and ATR use Wilder's method · MACD uses the 12- and 26-period EMA · An ADX of 25 or above counts as a clear trend · Calculated from daily closing prices from Market data · Not investment advice
One fund counted per scheme · Funds investing through a master fund show the master fund's weight in AWC, not the look-through weight · Past performance is not a guarantee of future performance