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Stock Screener·Thailand·Industrials·FORTH.BK
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Forth Corporation Public Company Limited Stocks

THB 14.8Last Updated 12.06.2026

Issuer Rating

4/7
Performance

Favourable

Risk

Considerable

Recommendation

Hold

Market Cap

THB 391.63M

THB 14.8
Key Takeaways

Risk factor

High price volatility

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Data is available to registered users only

Profitability factor

Decent dividends

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Risks

  • Default risk
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  • Volatility
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  • Selling difficulty
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  • Stress test
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  • Country risks
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  • Other risks
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About

Forth Corporation Public Company Limited, founded in 1989 and based in Bangkok, Thailand, is a diversified company specializing in the development, production, and distribution of electronic equipment across the country. Its operations are divided into three primary segments: Electronics Manufacturing Services, Enterprise Solutions, and Smart Service Business. The company offers an extensive range of electronic products and advanced solutions. These include specialized tracking devices such as the Forth Taglock EM for prisoner monitoring and general GPS systems. It also provides essential facility solutions like nurse call systems. In the smart infrastructure domain, Forth delivers innovative lighting solutions, intelligent traffic control systems, smart grids, multi-service network telephone exchange equipment, EV charging stations, and sophisticated smart meter systems, which feature digital energy/water consumption meters alongside software for automated data collection. For retail and consumer services, Forth provides compact gas and oil vending machines, versatile top-up and payment kiosks, the interactive Boonterm Counter Service (complete with touchscreen, usage monitoring, and receipt printing), Boonterm water dispensers, automated cup beverage machines, and various smart vending machines. Beyond its core electronic offerings, Forth Corporation also holds a notable presence in the aviation industry, dealing in KODIAK high-performance aircraft, managing a commercial aircraft maintenance center, and offering flight training. Its diverse activities further extend to trading electronic components, selling and installing light boards and traffic systems (including traffic board project concessions), providing consulting for information and computer software management as well as engineering services, e-commerce ventures, and turnkey CCTV installation. Additionally, the company offers financial services such as nano finance and personal loans, and is involved in the distribution of general goods.

Company Valuation

Fairly valued
4/7

Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is reasonably priced on P/E, 'cheap' on EV/EBIT

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Target Price

Slightly negative
3/7

The average target price of FORTH.BK is 11 and suggests 26% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to d

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Risks

  • Default risk
    Data is available to registered users only
  • Volatility
    Data is available to registered users only
  • Selling difficulty
    Data is available to registered users only
  • Stress test
    Data is available to registered users only
  • Country risks
    Data is available to registered users only
  • Other risks
    Data is available to registered users only
Sign up to access detailed risk analysis

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