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Stock Screener·Thailand·Consumer Cyclical·SPA.BK
Share

Siam Wellness Group Public Company Limited Stocks

THB 3.2Last Updated 27.07.2026

Issuer Rating

3/7
Performance

Average

Risk

Considerable

Recommendation

Sell

Market Cap

THB 120.20M

THB 3.2
Key Takeaways

Risk factor

Very poor trading liquidity

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Data is available to registered users only

Profitability factor

Strong margins and returns

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Data is available to registered users only
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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

Siam Wellness Group Public Company Limited, established in Bangkok, Thailand, in 2001, is a prominent enterprise focused on the health spa and broader wellness industry. The company oversees a diverse portfolio of operations, including the luxurious RarinJinda Wellness Spa, the widely known Let's Relax day spa service, traditional Baan Suan Massage centers, and specialized stretching facilities under "Stretch me by Let's Relax" and "Stretch me Clinic." Their offerings also extend to hospitality, with the RarinJinda Wellness Spa Resort boutique hotel, along with the Deck One restaurant and ORB cafe located in Chiang Mai. For skincare, they feature Dr. Spiller Pure Skin Care Solutions for facial treatments, and they also run the Siam Wellness Thai Massage and Spa School. In addition to services, the group manufactures and distributes a wide range of spa and therapeutic personal care products, such as massage oils, body masks, natural soaps, shower gels, hand creams, and aroma sprays, all under the Let's Relax Lifestyle brands. Their product line further encompasses facial, body, slimming, wax, and nail care items, as well as professional spa equipment like electric blankets and massage bed sheets. These products are supplied to various establishments including hair salons, beauty clinics, hospitals, and other spas. The company also provides management and consultancy services. By December 31, 2021, Siam Wellness Group operated a total of 70 branches, with 65 located within Thailand and 5 situated internationally.

Company Valuation

Overvalued
2/7

From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. In particular, the stock is reasonably priced on P/E, of fair value on

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Target Price

Somewhat favourable
5/7

The average target price of SPA.BK is 4.01 and suggests 26.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in

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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
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