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Thai stocks · SET · Services · Transport and logistics
Held by 4 funds4 open to buy1 AMCs
Last close (THB)5.150.00 (0.00%)as of 3 Nov 2026
Funds that hold it4One fund per scheme
Held through a master fund04 buy the stock themselves
Largest weight in a single fund8.83%Of that fund's NAV
Median weight7.94%Half the funds hold more than this
What does THAI do
Thai Airways International PCL
Thai Airways is the national carrier, selling mainly international and domestic air tickets. Profit depends on how full its planes are, ticket prices and the price of jet fuel, its single largest cost
Thai Airways flights (Thai Airways)Thai SmileRoyal Orchid Plus milesThai Airways CargoThai Airways catering and Puff & Pie
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: operating expenses 82 · other income adds 4 · tax and other items 6 · leaving 17 as net profit
Which funds let you invest in THAI
Sorted by weight held, largest first
Investors in Thailand can buy THAI 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
TISCOASSET
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
Thai Airways International PCL · SET · Fiscal year ends in December
Market cap145.8B THB28.30 billion shares
P/E4.7xPrice ÷ FY2025 EPS 1.09
Forward P/E6.9xBased on forecast 12-month earnings
P/S0.8x
EV/EBITDA3.1x
Dividend yield4.08%0.21 THB per share a year
ROE50.9%Net profit ÷ shareholders' equity
Debt to equity (D/E)0.53xInterest-bearing debt
Beta−0.25Against SET50 (TDEX fund)
Gross marginN/AFY2025
Operating margin22.7%FY2025
Net margin16.9%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 growth20.9%Fast growth
Yearly average over the last 3 years · Latest annual sales 183.4B THB
Profit from sales17%Moderate
For every 100 baht of sales, about 17 baht is left as net profit
Dividend4.08%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price−46.1%Down
Now 46.1% 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 20.9% a year on average · EPS grows N/A a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY2022103.9B THB−272.2M THB
FY2023157.4B THB28.1B THB
FY2024187.2B THB−26.9B THB
FY2025183.4B THB30.9B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY202543.3B THB12.1B THB
Q3 FY202542.9B THB4.4B THB
Q4 FY202546.9B THB4.5B THB
Q1 FY202649.7B THB10.1B THB
Q2 FY202647.1B THB1.5B THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
103.9B THB
157.4B THB
187.2B THB
183.4B THB
Operating profit
11.0B THB
42.5B THB
−7.7B THB
41.7B THB
Net profit
−272.2M THB
28.1B THB
−26.9B 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 5.15 THB on 3 Nov 2026
Daily trendClear downtrendScore −0.50 on a scale of −1 to +1 · 1210 bars
RSI(14)
27.6
ADX(14)
40.1
Position in the price range
4%
Weekly trendClear downtrendScore −0.90 on a scale of −1 to +1 · 262 bars
RSI(14)
35.4
ADX(14)
17.1
Position in the price range
1%
Monthly trendLeaning downScore −0.17 on a scale of −1 to +1 · 61 bars
RSI(14)
46.7
ADX(14)
39.4
Position in the price range
13%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
5.24
5.26
Below
20 days
5.44
5.41
Below
50 days
5.71
5.64
Below
100 days
5.92
5.89
Below
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
27.62
Up
MACD(12,26)
−0.18
Down
ADX(14)
40.11
Neutral
ATR(14) % of price
1.11
Neutral
Support and resistance (weekly pivots)
s35
s25
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 THAI, not the look-through weight · Past performance is not a guarantee of future performance
TDSFOCUS-ATISCO Thai Dividend Select Equity Focus Fund