Bangkok Commercial Asset Management Public Company Limited (BAM) is a leading asset management company based in Bangkok, Thailand, publicly traded since its founding in 1998. Specializing in real estate investments and the acquisition and management of non-performing loans (NPLs) and non-performing assets (NPAs), BAM offers diverse investment opportunities within the Thai real estate sector. The company also provides a platform for property auctions and sales, catering to a broad range of investors and clients.
As of September 12, 2025, BAM boasts a market capitalization of $824 million, with 3.23 billion shares outstanding and a stock price of $0.25. Its strong financial performance is evidenced by a trailing twelve-month revenue of $300 million (as of June 30, 2025), an EBITDA of $161.7 million, and a net income of $65.69 million during the same period. Total assets reached $4.18 billion, while total debt amounted to $2.74 billion.
BAM's strategic partnerships are highlighted by joint ventures with prominent entities such as JV AMC Kasikornbank (September 6, 2024) and the Government Savings Bank (May 28, 2024), signifying its strong standing within the Thai financial landscape. The company's commitment to Environmental, Social, and Governance (ESG) principles is reflected in its 'Medium' ESG risk rating (score of 20-30 as of September 3, 2025), placing it among the top performers in its peer group within the diversified financials, asset management, and custody services sub-industries.
BAM's operations are concentrated within Thailand, making it a key player in the country's asset management and real estate sectors. Its focus on NPL and NPA management contributes significantly to the stability of the Thai financial system, and its diverse investment opportunities provide investors with exposure to the dynamic Thai real estate market.
BAM's success is underpinned by its experienced management team, its strategic partnerships, and its rigorous investment approach. The company's financial strength, coupled with its focus on ESG principles, positions it for continued growth and success in the years to come.
Investors seeking exposure to the Thai real estate market and the NPL/NPA management sector will find BAM to be a compelling investment opportunity. The company's publicly traded status allows for convenient access and transparency, making it an attractive option for both domestic and international investors. BAM's extensive experience and its proven track record make it a reliable and trustworthy partner for real estate transactions and asset management services. The company's commitment to its clients, coupled with its focus on long-term value creation, ensures its ongoing success in the competitive asset management landscape.
Furthermore, BAM’s strategic initiatives and robust financial performance firmly establish its position as a leader in the Thai asset management industry. The company actively seeks out new opportunities for growth and expansion while maintaining its commitment to sound financial management and ethical business practices. With a diverse portfolio of assets and a strong management team, BAM is well-positioned to capitalize on future growth prospects within the Thai economy. The company's commitment to both financial success and social responsibility makes it an attractive investment and a valuable player in the Thai market. Bangkok Commercial Asset Management PCL offers a compelling investment opportunity within the dynamic Thai financial and real estate landscape, underpinned by its robust financial performance and strategic partnerships. BAM’s publicly traded status, combined with its proven track record and experienced management team, makes it an attractive prospect for investors interested in the Thai market.