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Thai stocks · SET · Resources · Energy and utilities
Held by 1 funds1 open to buy1 AMCs
Last close (THB)37.00+0.50 (+1.37%)as of 4 Nov 2026
Funds that hold it1One fund per scheme
Held through a master fund01 buy the stock themselves
Largest weight in a single fund4.70%Of that fund's NAV
Median weight4.70%Half the funds hold more than this
What does RATCH do
RATCH Group PCL
Invests in and operates power plants in Thailand and abroad, selling electricity to EGAT and large buyers under long-term contracts. Most of its profit comes from its share in joint-venture plants, so it depends on how those plants run and their currencies
Electricity sold to EGATNatural gas power plantsWind and solar power plantsPower plants in Australia and abroadMonorail projects
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 80 · operating expenses 8 · other income adds 7 · other income after tax adds 5 · leaving 23 as net profit
Which funds let you invest in RATCH
Sorted by weight held, largest first
Investors in Thailand can buy RATCH through 1 mutual funds open to retail investors. Every one of them buys the stock directly.
Showing 1 of 1 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
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
BBLAM
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.
Valuation and key ratios
RATCH Group PCL · SET · Fiscal year ends in December
Market cap80.5B THB2.18 billion shares
P/E12.9xPrice ÷ FY2025 EPS 2.86
Forward P/E12.7xBased on forecast 12-month earnings
P/S2.1x
EV/EBITDA11.2x
Dividend yield4.05%1.50 THB per share a year
ROE6.5%Net profit ÷ shareholders' equity
Debt to equity (D/E)1.19xInterest-bearing debt
Beta0.73Against SET50 (TDEX fund)
Gross margin19.7%FY2025
Operating margin18.0%FY2025
Net margin23.0%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−28.7%Slow growth
Yearly average over the last 3 years · Latest annual sales 27.1B THB
Profit from sales23%Highly profitable
For every 100 baht of sales, about 23 baht is left as net profit
Dividend4.05%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+38.3%Up
Now 6.3% 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 −28.7% a year on average · EPS grows −3.2% a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY202274.7B THB5.8B THB
FY202343.7B THB5.2B THB
FY202433.1B THB6.1B THB
FY202527.1B THB6.2B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY20256.2B THB2.1B THB
Q3 FY20255.3B THB2.2B THB
Q4 FY202510.2B THB775.0M THB
Q1 FY202610.7B THB1.2B THB
Q2 FY202611.7B THB1.4B THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
74.7B THB
43.7B THB
33.1B THB
27.1B THB
Gross profit
5.4B THB
5.9B THB
5.8B THB
5.3B THB
Operating profit
4.2B THB
7.0B THB
4.9B 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 37.00 THB on 4 Nov 2026
Daily trendClear downtrendScore −0.60 on a scale of −1 to +1 · 1211 bars
RSI(14)
43.1
ADX(14)
17.9
Position in the price range
23%
Weekly trendClear uptrendScore 0.70 on a scale of −1 to +1 · 262 bars
RSI(14)
56.0
ADX(14)
32.0
Position in the price range
80%
Monthly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 61 bars
RSI(14)
63.6
ADX(14)
26.9
Position in the price range
85%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
38.05
37.61
Below
20 days
37.79
37.75
Below
50 days
37.76
37.51
Below
100 days
36.51
36.28
Above
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
43.14
Down
MACD(12,26)
−0.09
Down
ADX(14)
17.88
Neutral
ATR(14) % of price
1.15
Neutral
Support and resistance (weekly pivots)
s335
s236
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 RATCH, not the look-through weight · Past performance is not a guarantee of future performance
B-SM-RMFBualuang Small-Mid Cap RMF