ADVANC rpts Bt10.58b 1Q25 NP, +25% yoy, and beats Bt9.82b consensus, while Bt56.31b rev tops Bt54.86b estm, keeps Bt26-27b capex to expand networks.

Comment: And you doubted the strength of duopolies and their ability to rip off the consumer for their own benefit.

MALEE secured read-to-drink coffee OEM ord frm Nestle (TH), to realize rev frm late 1Q25 onward, eyes Bt9b FY rev t/g, bottomline growth ~20-40%.

Comment: BOOM!!!!! I did not see this second order effect coming after Nestle begun fighting with the mahagritsiri family. Smash head against the wall – having worked with projects related to nestle decades ago…this is probably a rolling annual contract. And unless nestle sees a financial reason to cancel the contract – watch malee continue to run…

SCC acquires 80% stake in Siam Coating Innovation (SCI) for Bt250m to expand into industrial coating materials, dvlp high value added pdts, strengthen position of supply chain, improve cost efficiency in pdtn process.

Comment: People forget that SCC increased their ASPs by +20%….and there was a little earthquake that has resulted in tonnes of tall buildings requiring some minor capex + chuck in the potential for the petrochem business to turnaround a bit…

SIS reaffirms solid 1Q driven by robust sales of all IT pdt categories, wider margin yoy thanks to improved econ of scale of cloud service frm increased users onboard & lower operating costs aft AWS est data center in TH, tailwind frm continuous grwth in cyber security & solar cell.