We count visits as totals without cookies, and never follow you from one day to the next. If you accept, we also use cookies to see how people use this site, so we can improve it. Privacy policy
Thai stocks · SET · Services · Transport and logistics
Held by 8 funds8 open to buy2 AMCs
Last close (THB)19.00+0.40 (+2.15%)as of 5 Nov 2026
Funds that hold it8One fund per scheme
Held through a master fund17 buy the stock themselves
Largest weight in a single fund9.42%Of that fund's NAV
Median weight8.26%Half the funds hold more than this
What does BA do
Bangkok Airways PCL
Runs Bangkok Airways on tourist routes such as Samui, and owns Samui Airport along with ground services and flight catering businesses, so revenue depends on tourist numbers, while jet fuel prices are a major cost
Bangkok Airways air ticketsBangkok–Samui routeSamui, Sukhothai and Trat airportsGround handling and cargo warehousing (BFS)Airline catering (BAC)Duty-free shops and restaurants
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 71 · operating expenses 8 · other income adds 3 · tax and other items 9 · leaving 15 as net profit
Which funds let you invest in BA
Sorted by weight held, largest first
Investors in Thailand can buy BA through 8 mutual funds open to retail investors. Most of them (7 funds) buy the stock directly themselves.
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
How Thai money reaches BA
1 master funds
Master fund
Thai funds using this route
Master fund's BA weight
iShares U.S. Aerospace & Defense ETF
1
7.28%
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 8 of 8 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
Bangkok Airways PCL · SET · Fiscal year ends in December
Market cap39.4B THB2.07 billion shares
P/E11.2xPrice ÷ FY2025 EPS 1.69
Forward P/E10.3xBased on forecast 12-month earnings
P/S1.6x
EV/EBITDA6.9x
Dividend yield6.58%1.25 THB per share a year
ROE24.3%Net profit ÷ shareholders' equity
Debt to equity (D/E)1.80xInterest-bearing debt
Beta1.08Against SET50 (TDEX fund)
Gross margin29.0%FY2025
Operating margin23.4%FY2025
Net margin14.7%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 growth28.7%Fast growth
Yearly average over the last 3 years · Latest annual sales 24.1B THB
Profit from sales15%Moderate
For every 100 baht of sales, about 15 baht is left as net profit
Dividend6.58%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+45.0%Up
Now 4.0% 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 N/A a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY202211.3B THB−2.1B THB
FY202319.7B THB3.1B THB
FY202424.0B THB3.8B THB
FY202524.1B THB3.5B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY20255.1B THB401.7M THB
Q3 FY20255.9B THB1.0B THB
Q4 FY20255.7B THB431.6M THB
Q1 FY20267.3B THB2.1B THB
Q2 FY20265.2B THB330.9M THB
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
11.3B THB
19.7B THB
24.0B THB
24.1B THB
Gross profit
−218.8M THB
4.1B THB
6.7B THB
7.0B THB
Operating profit
−1.0B THB
3.2B THB
5.8B 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 19.00 THB on 5 Nov 2026
Daily trendClear uptrendScore 0.50 on a scale of −1 to +1 · 1211 bars
RSI(14)
53.7
ADX(14)
15.2
Position in the price range
64%
Weekly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 262 bars
RSI(14)
56.3
ADX(14)
15.2
Position in the price range
89%
Monthly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 61 bars
RSI(14)
55.8
ADX(14)
22.0
Position in the price range
54%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
18.48
18.52
Above
20 days
18.69
18.65
Above
50 days
18.92
18.73
Above
100 days
18.70
18.25
Above
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
53.68
Up
MACD(12,26)
−0.17
Down
ADX(14)
15.21
Neutral
ATR(14) % of price
1.58
Neutral
Support and resistance (weekly pivots)
s315
s216
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 BA, not the look-through weight · Past performance is not a guarantee of future performance
THDRMF-ATISCO High Dividend Equity RMF
KKP DIVIDENDKKP DIVIDEND EQUITY FUND