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Asia Plus Group (ASP) Fair Value & Analysis

Financial Services · TH · Market cap 4.4B THB

Price2.14 THB
Fair Value1.64 THB
Upside-23.4%
Quality95/100
Evidence: High Range 1.23 THB – 2.05 THB

Fair value as of: Jun 26, 2026

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Analysis

Asia Plus Group (ASP) currently trades at 2.14 THB, while our model-based Fair Value estimate is 1.64 THB — implying the stock looks roughly 23.4% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

About the company

Asia Plus Group Holdings Public Company Limited, together with its subsidiaries, engages in the securities business in Thailand. It operates through four segments: Securities and Derivatives Brokerage, Investment Banking, Fund Management, and Investment Trading. The company offers securities and derivatives brokering services for local and foreign investors; securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management, and venture capital management services. It also invests in unit trusts; and buys, sells, and exchanges securities. The company was formerly known as Asia Plus Group Holdings Securities Public Company Limited and changed its name to Asia Plus Group Holdings Public Company Limited in July 2015. Asia Plus Group Holdings Public Company Limited was incorporated in 1974 and is based in Bangkok, Thailand.

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Frequently asked questions

Is Asia Plus Group (ASP) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 1.64 THB versus a price of 2.14 THB — about −23% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ASP?
Our 21-model fair value for Asia Plus Group is 1.64 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 2.14 THB.
What is the quality score of ASP?
Asia Plus Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.