Investing in Thai stocks with strong growth potential and attractive valuations can be a strategic move. Here are some companies that align with these criteria:

CP All (CPALL)
A leading retailer in Thailand, CPALL is poised to benefit from government policies aimed at boosting the finance and retail sectors. With a projected price-to-earnings (PE) ratio improving from 30.5 in 2023 to 20.6 in 2025 and an expected earnings per share (EPS) growth of 11.1%, CPALL presents a robust investment case. (minichart.com.sg)

Kasikornbank (KBANK)
As a major player in the banking sector, KBANK is set to capitalize on policy rate normalization, which is expected to lower funding costs. The bank’s PE ratio is anticipated to decrease from 8.7 in 2023 to 7.1 in 2025, alongside an EPS growth rate of 6.2%. (minichart.com.sg)

Muangthai Capital (MTC)
This consumer finance company is expected to benefit significantly from policy rate cuts, enhancing its gross and net profit margins. MTC’s PE ratio is forecasted to improve from 21.3 in 2023 to 13.4 in 2025, with an impressive EPS growth of 29.3%. (minichart.com.sg)

True Corporation (TRUE)
As a significant player in the telecommunications sector, TRUE is well-positioned to benefit from increased data center investments by major technology companies. Despite a high PE ratio of 98.1 in 2025, TRUE’s projected EPS growth of 229.1% highlights its potential for substantial earnings expansion. (minichart.com.sg)

Ratchthani Leasing (THANI)
Trading at 47.3% below its estimated fair value, THANI presents a compelling case for being undervalued based on cash flows. Earnings are expected to grow significantly at 26% annually, outpacing the Thai market's growth rate. (simplywall.st)

These companies have been identified based on their strong fundamentals, growth prospects, and attractive valuations. However, it's essential to conduct thorough research and consider your investment objectives and risk tolerance before making any investment decisions.