Rojana Industrial Park Public Company Limited

Rojana Industrial Park Public Company Limited, or ROJNA, informed the Stock Exchange of Thailand that Rojana Property Company Limited, a subsidiary, registered a new subsidiary named UP Residence Nong Yai Company Limited on 17 August 2026 to support the expansion of the group's business base. The new company has registered capital of 30 million baht, divided into 300,000 ordinary shares with a par value of 100 baht each, with Rojana Property Company Limited holding 100 percent. Its business is apartment rental, using the company's working capital as the source of funds. This investment aims to expand the business base and build on the group's operations, increase opportunities to generate income from property-related businesses, and strengthen the business structure going forward.

Phillip Securities expects the Thai stock index to trade sideways in a range of 1,640 to 1,665 points, pressured by a 2026 forward P/E of 16.7 times, close to the average since 2020 of 17.1 times, and banking stocks may face sell-on-fact pressure after earnings announcements. However, the TISA project measures will help prevent the index from falling deeply, and a rotation of funds out of banking stocks into real sector stocks is expected for speculation on second-quarter 2026 earnings, which are anticipated to be strong. The investment strategy is divided into four main themes: speculation on second-quarter 2026 earnings in stocks such as AMATA, CPALL, DELTA, HANA, ITC, KCE, MRDIY, MTC, OSP, QH, SAWAD, SCC, STECON, and TIDLOR; energy stocks in BCP, PTT, PTTEP, SPRC, and TOP; speculation on government measures or projects in BJC, CENTEL, CK, CPAXT, CRC, DOHOME, ERW, GLOBAL, HMPRO, LH, MINT, and SCC; and hopes for investment inflows from China in ADVANC, GUNKUL, GULF, ROJNA, WHA, and WHAUP.

Phillip Securities Thailand says support from banks reporting strong results and speculation on second-quarter 2026 earnings are expected to drive positive sentiment, as bank earnings have come in better than Bloomberg consensus. Yesterday, KKP and TTB reported earnings per share exceeding Bloomberg consensus by 15.46 percent and 9.26 percent respectively, raising hopes that other bank stocks reporting today will also deliver positive results. There is also expectation that after the remaining bank stocks report, analysts will raise their target prices. Meanwhile, government measures are seen as another boost, especially for domestic stocks, after the deputy transport minister announced plans to propose revised state welfare card criteria to the cabinet, and the finance ministry will propose assistance for those who lost eligibility through the Thai Chuay Thai Plus 60/40 program in August to September 2026. Additionally, there is anticipation of tourism measures from the tourism ministry, which is preparing to request a central budget of 1.75 billion baht for the Thai Thiew Thai Plus project. The Middle East situation remains a concern. Although Iran said talks with the US can continue, Houthi rebels have declared a naval blockade against Saudi Arabia, pushing West Texas Intermediate crude oil prices up 0.9 percent to close at 83.2 dollars per barrel. Phillip expects the SET index to swing sideways to up within a range of 1,640 to 1,660 points, with a strategy of speculating on second-quarter 2026 earnings across several sectors. One recommended group is stocks expected to benefit from Chinese investment, namely Advanced Info Service, Amata, Gunkul, Gulf Energy, Rojana, WHA Corporation, and WHA Utilities and Power.

Asia Plus Securities research reports that four major Chinese technology and automotive companies are preparing to expand investments in Thailand worth a combined 70 billion baht this year, focusing on two future industries: AI and data center technology, where Innolight Technology and Eoptolink Technology will expand production bases for optical transceivers to support AI and cloud data center growth, and the electric vehicle industry, where Xiaomi Corporation is considering setting up an EV production base and research and development center in Thailand, while Changan Automobile is moving ahead with expanding production capacity from 100,000 to 200,000 units per year by 2030, along with establishing a regional headquarters and an EV R&D center. Stocks expected to benefit include industrial estate groups such as AMATA, WHA, ROJNA, and PIN; automotive groups such as AH, SAT, and STANLY; parts groups such as HANA, DELTA, KCE, and SMT; and energy groups such as GULF.

Kasikorn Securities assesses that the Prime Minister's visit to Chengdu to discuss investment cooperation with six leading Chinese companies is a positive factor for the industrial estate sector, given the potential to accommodate increased foreign direct investment. Stocks expected to benefit include Amata Corporation, or AMATA, WHA Corporation, or WHA, and Rojana Industrial Park, or ROJNA. Meanwhile, the tourism and airport sectors could receive a boost if plans to increase flights and Chinese tourist numbers meet targets. Related stocks include Airports of Thailand, or AOT, The Erawan Group, or ERW, Central Plaza Hotel, or CENTEL, and Asset World Corp, or AWC.

Asia Plus Securities expects the SET Index this afternoon to remain capped by resistance at 1,640 to 1,642 points, with caution warranted against profit-taking as the market is at the tail end of wave b. The chance of a sustained breakout above resistance at 1,642 to 1,645 points and 1,657 points is low. The firm recommends finding opportunities to sell into strength. It also outlines a strategy for S50U26, having shorted on 15 July at 1,075 to 1,082 points and waiting to add shorts at 1,095 to 1,100 points, with a stop-loss if the index breaks above 1,105 points. Meanwhile, the Board of Investment is pushing to attract Xiaomi, Changan, Innolight, and Eoptolink to expand investments in Thailand, covering the EV, AIOT, AI data centre, and photonics technology industries. This will support investment in Thai supply chains and increase the chance of relocating AI and electronics production bases to Thailand. Stocks expected to benefit include industrial estate groups such as AMATA, WHA, ROJNA, and PIN, electronics groups such as DELTA, HANA, KCE, and CCET, and data centre and energy groups such as GULF and GPSC. Additionally, the escalation of military operations between the United States and Iran is supporting a weaker baht, with a target of 33.80 to 34.00 baht per dollar, while caution is needed over potential capital outflows, as indicated by the VIX Index recovering as expected in a double bottom and descending triangle pattern with a breakout at 18 percent and a target of 24 to 32 percent.

Four major technology and automotive companies from China are preparing to expand their investments in Thailand, totaling 70 billion baht within this year, focusing on the electric vehicle industry and AI and data center technology, according to a report by Asia Plus Securities. In the EV sector, Xiaomi Corporation is considering expanding its EV production base and establishing a research and development center in Thailand, while Changan Automobile is moving forward with expanding production capacity from 100,000 to 200,000 units per year by 2030, along with setting up a regional headquarters and an EV R&D center. In the AI and data center group, Innolight Technology is preparing to build a third factory in Saraburi province to expand production of optical modules, and Eoptolink Technology is preparing to expand production capacity at its factories in Chonburi and Rayong. Stocks expected to benefit include industrial estate groups such as Amata, WHA, Rojana, and Pin, automotive groups such as AAPICO Hitech, Somboon Advance Technology, and Stanley Electric, component groups such as Hana Microelectronics, Delta Electronics, KCE Electronics, and Stars Microelectronics, and energy groups such as Gulf Energy Development.