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Thai stocks · SET · Agro and food industry · Food and beverages
Held by 4 funds4 open to buy2 AMCs
Last close (THB)14.10−0.10 (−0.70%)as of 5 Nov 2026
Funds that hold it4One fund per scheme
Held through a master fund04 buy the stock themselves
Largest weight in a single fund7.15%Of that fund's NAV
Median weight4.36%Half the funds hold more than this
What does ICHI do
Ichitan Group PCL
Makes ready-to-drink green tea and herbal drinks sold through convenience stores and shops nationwide, mainly via a single large distributor, so sales depend on hot weather, price competition and the sugar tax
Ichitan ready-to-drink green teaBlack tea and fruit teaYen Yen herbal drinksVitamin waterBeverage exports
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 76 · operating expenses 8 · other income adds 2 · tax and other items 2 · leaving 16 as net profit
Which funds let you invest in ICHI
Sorted by weight held, largest first
Investors in Thailand can buy ICHI through 4 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
EASTSPRING
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 4 of 4 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
Ichitan Group PCL · SET · Fiscal year ends in December
Market cap18.3B THB1.30 billion shares
P/E13.8xPrice ÷ FY2025 EPS 1.02
Forward P/E14.1xBased on forecast 12-month earnings
P/S2.3x
EV/EBITDA9.2x
Dividend yield7.09%1.00 THB per share a year
ROE23.4%Net profit ÷ shareholders' equity
Debt to equity (D/E)0.00xInterest-bearing debt
Beta0.73Against SET50 (TDEX fund)
Gross margin24.3%FY2025
Operating margin18.4%FY2025
Net margin16.4%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 growth8.4%Steady growth
Yearly average over the last 3 years · Latest annual sales 8.1B THB
Profit from sales16%Moderate
For every 100 baht of sales, about 16 baht is left as net profit
Dividend7.09%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+11.0%Up
Now 6.6% 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 8.4% a year on average · EPS grows 27.7% a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY20226.3B THB641.6M THB
FY20238.0B THB1.1B THB
FY20248.6B THB1.3B THB
FY20258.1B THB1.3B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY20252.3B THB407.2M THB
Q3 FY20252.1B THB358.3M THB
Q4 FY20251.9B THB316.9M THB
Q1 FY20261.9B THB286.6M THB
Q2 FY20262.1B THB309.2M THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
6.3B THB
8.0B THB
8.6B THB
8.1B THB
Gross profit
1.2B THB
1.9B THB
2.2B THB
2.0B THB
Operating profit
740.6M THB
1.4B THB
1.7B 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 14.10 THB on 5 Nov 2026
Daily trendClear uptrendScore 1.00 on a scale of −1 to +1 · 1211 bars
RSI(14)
57.7
ADX(14)
27.1
Position in the price range
50%
Weekly trendClear uptrendScore 0.90 on a scale of −1 to +1 · 262 bars
RSI(14)
55.6
ADX(14)
16.8
Position in the price range
68%
Monthly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 61 bars
RSI(14)
53.1
ADX(14)
16.0
Position in the price range
49%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
14.06
13.98
Above
20 days
13.68
13.84
Above
50 days
13.75
13.83
Above
100 days
14.04
13.81
Above
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
57.68
Up
MACD(12,26)
0.13
Up
ADX(14)
27.07
Neutral
ATR(14) % of price
1.02
Neutral
Support and resistance (weekly pivots)
s313
s214
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 ICHI, not the look-through weight · Past performance is not a guarantee of future performance
MIPLUS-GMFC Happy Income Plus Fund
ES-SMCAP2Eastspring Small Medium Cap Equity Fund 2