ADVANC sold 33.33% of e-wallet Rabbit Line Pay to Line man (TH) & Line Company (TH), VGI also purged 33.33% to both parties.

Comment: Looks like digital wallets and all these “fancy” things actually don’t make $….who woulda thunk it.

BAFS maintain 4.2b FY jet refueling volume target +40% yoy from 2.99B FY22, sees rev upside from 28 parking bay at SIA’s new terminal (SAT-1), VOA fees waiver to boost traffic on high season, expects market share of petroleum pipeline transport jump aft BCP wrapped up ESSO deal as BCP is one of key client of Fuel Pipeline Transport (FPT).

Comment: It’s a fantastic business, but you’ll be paying a premium for it at this price.

BCP eyes acquisition of more refineries after completing 65.99% deal for full-year revenue recognition next year, targeting Bt500b sales from Bt380b this year, with highest refinery output at 300K bbl/day.

Comment: Refineries are having the time of the lives at the moment with the relatively higher GRM’s for the past 1-2 years. But this won’t last, and frankly I’m not surprised that the management of BCP does want to buy at the peak…

EPG reaffirms positive 2Q momentum (Jul-Sept) driven by sales growth from Aeroflex insulation to EV supplychain in TH, Aeroklas new products launched, higher packaging sales on seasonal, contribution from TJM 4×4 accessories shop in AU, mulls expand branch to 15 outlets from current 7 by eo-FY24.

GUNKUL to install solar rooftop worth Bt100m at Siampiwat Simon Premium Outlet.

Comment: There’s still the land issue hanging over the heads of GUNKUL…

SIRI plans 8 new Anasiri, home and townhome priced Bt2-7m segment, worth Bt10.7b, with new design concept “Modern Barn House”.

SIRI acquires MK’s subsidiary (S71 Property) for Bt830m to obtain 2.4 acres land in Phra Khanong Nuea, Watthana.

Comment: land scandals/rumours aside, they are pumping out houses like no tomorrow. Though it would be nice if the man behind the scenes decided to make money off the stock instead of just buying the land and selling it onto siri at a premium.

VRANDA’s 154 guest rooms, Veranda Autograph Collection Phuket Cape Panwa on track to cod 2H24, will launch Bt900m residences project, Veranda Luxury Villas & Suites (12 suites & 6 villas) in 4Q.

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