Month: June 2022

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Stocks in the news (banpu, chayo, gulf, malee, pttep, siri, thcom, utp, wp) 02.06.22

BANPU sees growth momentum in 2Q from high energy price, 2H boosted by revenue recognition of its 93% stake in XTO Energy worth Bt25.1b. Comment: Despite the stupid hedges, its trading at 4x trailing PE, ROE’s of 20% and both natty gas and coal are far higher. CHAYO expected to book Bt300m gains from disposal […]

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Stocks in the news (chayo, gpsc, proen, secure, tmi) 01.06.22

CHAYO seeks license from BOT to set up an AMC with banking partner in 4Q, target to buy Bt30b worth of bad debt for management in 2022-23, to sell Bt900m land in Phuket in July, firms on 30% revenue growth target this year. Comment: The issue for the industry is that the BOT has yet […]

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