ADVANC 4Q net profit @ Bt7.36b vs Bt7.485b estimate, FY @ Bt29b, +12% yoy vs Bt29.3b consensus, pays Bt4.61 dps XD Feb 19, AGM Mar 25.

APURE targets record high revenue this year >Bt3b driven by larger sweet corn exports volume to US, Japan & Saudi Arabia, improved orders feeding from hotels & F&B clients in Asia & middle-east, launch frozen products line to diversify earnings & up margin.

Comment: I remember the first time this name was pumped (in my professional history), it was in 2006. I saw my THB20k go up 50% in a few months, blew my mind…

ASW reported completion of 2nd low rise condo project under 51:49 jv Takara Leben, Kave Seed Kaset valued at Bt1.37b, kick-off transfer by eo-1Q.

PCC wins e-bidding for 3 power sub-station projects from Metropolitan Electricity Authority valued at Bt85m.

PTG to invest Bt400m in waste management business, Thai Paiboon Equipment (TPB), to serve as strategic expansion in to waste management, feeder RDF fuel for waste power plant to enhance vale & overall growth.

Comment: Hmmm, ok well, it’s a great business if the domestic mafia doesn’t fool around…that’s always been the issue we faced in the past when looking at waste management projects.

PTTEP: PM will hold meeting with Cambodia PM today to find resolution for overlapping claimed area (OCA) in gulf of TH, expects O&G reserve equivalent to Erawan field.

Comment: And now you know why Srettha went to Cambodia last year. Who’s going to get that oil?

TPLAS anticipates FY24 turnaround on easing pressure from price war as some of packaging players driven out of market, lower raw material costs yoy, adding more food packaging products range for F&B operators to fill demand for online shops & delivery, mulls expand sales in CLMV, finalize plan in 2H.

TPCH sets 10% revenue growth target, to sign 2 waste power plant with 20MW capacity and to COD 100MW solar farm in Laos this year, taking tally to 500MW by 2026.

VGI and BTS are expected to receive Bt1,480m and Bt485m from liquidating KEX stakes in a tender at Bt5.5/share when it starts on Feb 13.

Comment: Now BTS and friends can figure out how to destroy more free concession capital. Jokes aside, could VGI be the turnaround play of 2024? It doesn’t have to be a great business to be a great stock.

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