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Thai stocks · SET · Resources · Energy and utilities
Held by 10 funds10 open to buy5 AMCs
Last close (THB)6.55−0.15 (−2.24%)as of 3 Nov 2026
Funds that hold it10One fund per scheme
Held through a master fund010 buy the stock themselves
Largest weight in a single fund7.74%Of that fund's NAV
Median weight4.98%Half the funds hold more than this
What does WHAUP do
WHA Utilities and Power PCL
Sells tap water and industrial water to factories in WHA industrial estates and holds stakes in several power plants. Most of its profit comes from its share of joint-venture power plant earnings, so it depends on factory water use and how those plants perform
Tap water and industrial water in WHA estatesWastewater treatment and recycled waterRooftop solarStakes in Gulf and Glow power plantsWater business in Vietnam
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 59 · operating expenses 13 · other items 7 · other income after tax adds 11 · leaving 32 as net profit
Which funds let you invest in WHAUP
Sorted by weight held, largest first
Investors in Thailand can buy WHAUP through 10 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 10 of 10 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
RMF
Holds WHAUP 4.56%
Valuation and key ratios
WHA Utilities and Power PCL · SET · Fiscal year ends in December
Market cap25.1B THB3.83 billion shares
P/E24.3xPrice ÷ FY2025 EPS 0.27
Forward P/E14.3xBased on forecast 12-month earnings
P/S7.0x
EV/EBITDA15.3x
Dividend yield3.82%0.25 THB per share a year
ROE7.5%Net profit ÷ shareholders' equity
Debt to equity (D/E)1.01xInterest-bearing debt
Beta0.82Against SET50 (TDEX fund)
Gross margin41.0%FY2025
Operating margin21.3%FY2025
Net margin31.8%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 growth9.4%Steady growth
Yearly average over the last 3 years · Latest annual sales 3.2B THB
Profit from sales32%Highly profitable
For every 100 baht of sales, about 32 baht is left as net profit
Dividend3.82%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+62.1%Up
Now 20.6% 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 9.4% a year on average · EPS grows 31.0% a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY20222.4B THB454.1M THB
FY20232.8B THB1.6B THB
FY20242.9B THB1.1B THB
FY20253.2B THB1.0B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY2025765.1M THB141.5M THB
Q3 FY2025955.8M THB486.7M THB
Q4 FY2025768.8M THB164.3M THB
Q1 FY20261.1B THB303.2M THB
Q2 FY2026867.2M THB531.8M THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
2.4B THB
2.8B THB
2.9B THB
3.2B THB
Gross profit
782.1M THB
1.0B THB
1.1B THB
1.3B THB
Operating profit
757.2M THB
747.2M THB
727.3M 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 6.55 THB on 3 Nov 2026
Daily trendClear downtrendScore −0.80 on a scale of −1 to +1 · 1210 bars
RSI(14)
40.2
ADX(14)
20.0
Position in the price range
0%
Weekly trendSidewaysScore 0.10 on a scale of −1 to +1 · 262 bars
RSI(14)
47.3
ADX(14)
33.4
Position in the price range
60%
Monthly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 61 bars
RSI(14)
62.5
ADX(14)
32.1
Position in the price range
68%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
6.73
6.74
Below
20 days
6.78
6.82
Below
50 days
7.09
6.98
Below
100 days
7.21
6.82
Below
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
40.23
Down
MACD(12,26)
−0.11
Down
ADX(14)
19.95
Neutral
ATR(14) % of price
1.93
Neutral
Support and resistance (weekly pivots)
s36
s26
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 WHAUP, not the look-through weight · Past performance is not a guarantee of future performance
ONE-MIDSMALLONE MID-SMALL CAP EQUITY FUND
ABSMabrdn Small-Mid Cap Fund
TISCOMS-ATISCO Mid/Small Cap Equity Fund
B-SM-RMFBualuang Small-Mid Cap RMF
TLMSEQRMFTALIS MID-SMALL CAP EQUITY RETIREMENT MUTUAL FUND