Top 10 Largest Companies In Thailand By Market Cap (2024 Update)

The Largest Companies In Thailand By Market Cap (2024 Update)

Thai Economy Overview

Thailand has thus become a well-known development success story, with consistent strong growth and substantial poverty reduction.

According to the Thailand Economic Monitor, Thailand's economy is likely to return to pre-pandemic levels in 2022, but growth will be slower than planned in 2023 due to global headwinds. The GDP is expected to grow 3.4% in 2022 and 3.6% in 2023. Growth in 2023 has been cut downward by 0.7 percentage point from earlier predictions, reflecting a faster-than-expected fall in global demand. The tourism sector's resurgence and private spending will continue to be the primary drivers of growth.

Top 10 Largest Companies In Thailand By Market Cap (2024 Update)

1. Delta Electronics

Market cap: $30.30 B

Delta Electronics (Thailand) had a market capitalization of $30.30 billion in January 2024. According to our statistics, Delta Electronics (Thailand) is the world's 602th most valuable business by market capitalization. The market capitalization, often known as market cap, is the total market value of a publicly listed business's outstanding shares and is widely used to determine how much a company is worth.

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2. PTT PCL

Market cap: $27.96 billion.

PTT PCL is a Thai multinational conglomerate headquartered in Bangkok. It was established in 1978 and operates in several countries, including Thailand, Myanmar, Laos, Cambodia, and Vietnam. PTT PCL is principally concerned with the exploration, production, refining, and distribution of petroleum and petrochemical products. It also provides a variety of services such as energy trading, power generation, and natural gas distribution. PTT PCL is known for its brands, which include PTT, Cafe Amazon, and PTTOR.

3. Airports of Thailand

Market cap: $25.72 billion

AOT (Airports of Thailand Public Company Limited) maintains 10 international airports in Thailand, worth $25.72 billion.

The privatization of Thailand's state-owned Airports Authority (AAT) resulted in the establishment of AOT on September 20, 2002. At that time, the corporation was valued at 14,285,700,000 baht. Thai government owns 70% of the company's shares.In fiscal year 2014, the average daily market capitalization of AOT was 282,321 million baht.[

4. Advanced Information Service (AIS)

Market cap: $18.53 B

Advanced Info Service (AIS) is a telecommunications firm headquartered in Bangkok, Thailand. It was created in 1986 and is based largely in Thailand, but also operates in several other countries. AIS offers a diverse range of telecommunications services, including mobile, fixed-line, and internet services. They provide a variety of products and services, including mobile phone plans, broadband internet, and digital TV. AIS is known for its strong brand presence and is one of the leading telecommunications companies in Thailand.

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5. PTT Exploration and Production

Market cap: $17.07 B

Next one in the list of largest companies in Thailand by market capitalization is PTT Exploration and Production. PTT Exploration and Production Public business Limited, or PTTEP, is a Thai national petroleum exploration and production business. It is a subsidiary of PTT Public Company Limited, a state-owned corporation. The firm was established on June 20, 1985. PTTEP's primary activity is petroleum exploration and production in Thailand and other countries. PTTEP Group had 40 petroleum exploration and production projects in 11 countries as of June 30, 2018: 16 in Thailand, 15 in Southeast Asia, 5 in the Americas, 3 in Africa, and 1 in Australia.

6. Gulf Energy Development Public Company

Market cap: $15.09 B

As of January 2024 Gulf Energy Development Public Company has a market cap of $15.09 Billion. This makes Gulf Energy Development Public Company the world's 1129th most valuable company by market cap according to our data. The market capitalization, often known as market cap, is the total market value of a publicly listed business's outstanding shares and is widely used to determine how much a company is worth.

7. CP All

Market cap: $14.12B

CP All is a company headquartered in Bangkok, Thailand, founded in 1988. It operates in multiple countries, with a presence in over 10 countries worldwide. The company’s main activities include operating convenience stores, providing various products and services such as groceries, snacks, beverages, and household items. CP All is also associated with popular brands like 7-Eleven, making it a prominent player in the retail industry.

8. Bangkok Dusit Medical Services (BDMS)

Market cap: $12.71 B

Bangkok Dusit Medical Services is the largest private healthcare group in Thailand. Prasert Prasarttong-Osoth, a Thai millionaire, started it. The group includes six hospitals with 34 hospital branches: Bangkok Hospital (17 branches), BNH Hospital, Phyathai Hospitals (5 branches), Paolo Memorial Hospitals (5 branches), Samitivej Hospital (5 branches), and Royal Bangkok Hospital (17 branches).

9. Siam Makro

Market cap: $10.72 B

Siam Makro Public Co. Ltd. operates a cash and carry wholesale business under the Makro brand. It sells, imports, and exports food and non-food products such as consumer and electric goods, consumption goods, and fresh and frozen commodities. It works in three divisions: Cash & Carry, Food Services, and Other. Makro has steadily expanded its branches to provide a diverse range of products to our professional members and business operators across the country, including retailers, restaurants, catering businesses, service business operators, government agencies, educational institutions, and other business operators.

10. SCB (Siam Commercial Bank)

Market cap: $10.10 B

Siam Commercial Bank was created as the first Thai bank by royal charter on January 30, 1907. The Bank has played a significant role in delivering the financial services required in Thailand over its more than 110-year history, accumulating substantial knowledge. SCB is now a prominent universal bank, providing deposits, lending, and a variety of other products and services to fulfill the needs of all consumers. Home loans, personal credit, vehicle rental purchases, credit cards, ATM cards, debit cards, foreign exchange facilities, and overseas remittances are among its retail offerings, as are investment and insurance goods.

Conclusion

These are Thailand's largest firms by market capitalization. The aggregate revenue of Thailand's top ten firms amounts to $209 billion. Thailand's large firms track the country's overall financial status. These firms not only create jobs in the local market, but they may also compete in global markets, increasing value.

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