Stocks in the news (advice, bgrim, kbank, sa, snnp, top) 06.02.26
ADVICE TB: The company expects a strong uplift from the upcoming MacBook Pro launch, projecting ~20% revenue growth in 2026 y/y, driven by an expanding customer base and new product introductions.
Comment: I’m still impressed by this company continuing to grow throughout the country.
Advice IT Infinite Public Company Limited is an IT retail and wholesale company in Thailand that distributes computers, components, peripherals, mobile phones, and accessories through a nationwide franchise network, and also provides related maintenance and after‑sales services.
BGRIM: Targets lifting renewable energy to >50% of total generation by 2030 (from 37%), while expanding total capacity to 10GW(from 4.6GW). Also developing digital infrastructure, including a 96MW hyperscale data center, to support AI and cloud-related demand.
Comment: Sorry BGRIM – you’re doing well, but I want to see these renewables crash and burn. It’ll be a net positive for society.
B.Grimm Power Public Company Limited develops, finances, constructs, and operates power plants in Thailand and across several Asian markets, generating and selling electricity and steam to government utilities and industrial customers from gas‑fired co‑generation and a growing portfolio of renewable energy projects.
KBANK: The board approved 2026 financial targets (SET filing dated Feb 6). Key targets include loan growth of 0–2%, NIM of 2.75–2.95% (vs 3.23% in 2025), and net fee income growth at mid-to-high single digit. Cost discipline remains a focus, with cost-to-income ratio guided at mid-40s(2025: 43.6%). Asset quality is expected to stay stable, with credit cost at 140–160 bps (2025: 163 bps) and gross NPL ratio below 3.25% (2025: 3.20%). KBANK will hold an analyst meeting today at 10:00AM (Bangkok time)
Comment: Loan growth?? They are targeting loan growth? Holy moly…or is it because buying govvy securities yielding 1% is killing all the NII for all the banks atm that they finally will turn on the lending tap.
Kasikornbank Public Company Limited is one of Thailand’s leading universal banks, offering a full range of retail, SME, and corporate banking services, as well as insurance, asset management, and digital financial services domestically and through a regional network.
SA: Expects a turnaround in FY26 following completion of two condominium projects worth THB 5.5bn (Landmark at Grand Station THB 3.5bn, Landmark at Kasetsart Station THB 2.0bn). The company is in talks to acquire two land plots and is considering a JV partner to develop residential projects in Bangtao and Kamala Beach with a combined value of ~THB 9bn.
Siamese Asset Public Company Limited is a Bangkok‑based fully integrated real estate developer focused on condominiums, single detached houses, townhomes, and mixed‑use projects, complemented by recurring income from serviced residences, hotels, and property management services.
SNNP: Launched Jele Jelly Soda, a gummy drink product, to capture seasonal summer demand. Management expects margin and market-share improvement as a first mover.
Srinanaporn Marketing Public Company Limited manufactures and distributes a wide range of snacks and beverages in Thailand and export markets, including jelly drinks, functional beverages, and squid‑based snacks under brands such as Jele and Bento, supported by its own distribution and marketing platform.
TOP: Completed buyback of USD-denominated notes totaling USD 550m across five bond tranches. The company expects to book a ~THB 600m gain in 1Q after FX and tax, improving balance-sheet flexibility.
Comment: How’s that for a beautiful turnaround in the share price…and you thought it would go bankrupt/recap.
Thai Oil Public Company Limited is one of Thailand’s leading integrated refinery and petrochemical companies, operating a complex refinery, aromatics and lube base oil plants, and related infrastructure, with additional businesses in power generation, solvents, detergents feedstock, and logistics.
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