AMATA: secured Bt150m financial assistance from EXIM Bank to develop 410 hectare Amata Smart & Eco City in Na Toey, Laos.

Comment: Laos? For what? No one uses Laos as a real manufacturing base…

BAY: Card unit, Krungsri Consumer, reported 1H23 card spending +13% yoy to Bt173b, new loans +6% yoy to Bt44b, keeps Bt350b & Bt97b full year target.

Comment: I wonder if this card spending is fully paid by customers…

DMT: maintains 30% full year revenue growth target, sees Jul tollway traffic at 104k trips/d, expects full year avg >110k/d.

HMPRO: anticipates 3-5% SSSG in 2H driven by home repairing post rainy season, décor products on ahead of new year, mulls adding 4 stores to 127 outlets by end of year.

Comment: They continue to impress even though all their retail peers are suffering.

I2: ICT & IT infra solutions, I2 Enterprise, debut IPO 120m shares at Bt2.7 apiece, Yuanta & S14 Advisory joint lead.

Comment: Not as sexy a sector as it used to be. Let’s see how it performs…but with Yuanta as a lead, there should be a decent retail punt.

SEAFCO: reported 6 foundation work project signed in Aug total Bt236m, upbeat 2H outlook from recognition of Rama2-Baan Paew tollway project, South Purple MRT and North Plot mixed-used at Forestias Bangna.

TTCL: wins a Bt4.3b EPC contract to construct LPG Refrigerated terminal project from Yen Hung Petrochemical in Quang Ninh, Vietnam.

Comment: Could it be time for TTCL, STPI & BCJCHI to move? These companies did well as EPC contractors for the O&G players in the past.

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