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Thai stocks · SET · Resources · Energy and utilities
Held by 4 funds3 open to buy4 AMCs
Last close (THB)20.40+1.00 (+5.15%)as of 4 Nov 2026
Funds that hold it4One fund per scheme
Held through a master fund04 buy the stock themselves
Largest weight in a single fund34.20%Of that fund's NAV
Median weight4.31%Half the funds hold more than this
What does BGRIM do
B.Grimm Power PCL
Generates electricity and steam from gas-fired plants for EGAT and factories in industrial estates under long-term contracts, so profit depends on gas prices, power tariffs and industrial customers' demand for electricity
Electricity from combined-cycle power plants (SPP)Electricity and steam for industrial estatesSolar farms and rooftop solarWind and hydroelectric power plantsPower plants in Vietnam, Laos and Cambodia
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 81 · operating expenses 5 · tax and other items 11 · leaving 3 as net profit
Which funds let you invest in BGRIM
Sorted by weight held, largest first
Investors in Thailand can buy BGRIM 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
LHFUND
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
B.Grimm Power PCL · SET · Fiscal year ends in December
Market cap53.2B THB2.61 billion shares
P/E70.3xPrice ÷ FY2025 EPS 0.29
Forward P/E30.1xBased on forecast 12-month earnings
P/S0.9x
EV/EBITDA10.8x
Dividend yield2.01%0.41 THB per share a year
ROE4.8%Net profit ÷ shareholders' equity
Debt to equity (D/E)3.54xInterest-bearing debt
Beta1.65Against SET50 (TDEX fund)
Gross margin18.5%FY2025
Operating marginN/AFY2025
Net margin3.0%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 growth−3.9%Slow growth
Yearly average over the last 3 years · Latest annual sales 55.4B THB
Profit from sales3%Thin margin
For every 100 baht of sales, about 3 baht is left as net profit
Dividend2.01%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+29.9%Up
Now 2.9% 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 −3.9% a year on average · EPS grows N/A a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY202262.4B THB−1.2B THB
FY202357.1B THB1.9B THB
FY202455.9B THB1.6B THB
FY202555.4B THB1.7B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY202515.1B THB6.8M THB
Q3 FY202513.4B THB521.0M THB
Q4 FY202513.3B THB493.7M THB
Q1 FY202612.7B THB721.2M THB
Q2 FY202615.1B THB676.0M THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
62.4B THB
57.1B THB
55.9B THB
55.4B THB
Gross profit
6.3B THB
10.2B THB
10.6B THB
10.3B THB
Operating profit
4.0B THB
9.1B THB
9.1B 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 20.40 THB on 4 Nov 2026
Daily trendClear uptrendScore 1.00 on a scale of −1 to +1 · 1211 bars
RSI(14)
62.9
ADX(14)
11.1
Position in the price range
82%
Weekly trendClear uptrendScore 0.80 on a scale of −1 to +1 · 262 bars
RSI(14)
63.8
ADX(14)
35.5
Position in the price range
94%
Monthly trendLeaning upScore 0.17 on a scale of −1 to +1 · 61 bars
RSI(14)
55.5
ADX(14)
29.5
Position in the price range
56%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
19.31
19.40
Above
20 days
19.17
19.25
Above
50 days
19.29
19.01
Above
100 days
18.64
18.19
Above
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
62.92
Up
MACD(12,26)
0.14
Up
ADX(14)
11.12
Neutral
ATR(14) % of price
1.74
Neutral
Support and resistance (weekly pivots)
s318
s218
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 BGRIM, not the look-through weight · Past performance is not a guarantee of future performance
SCBMSESCB Mid/Small Cap Equity Fund
ONE-POWER-NDONE POWER ENERGY FUND
TLMSEQRMFTALIS MID-SMALL CAP EQUITY RETIREMENT MUTUAL FUND
