AOT: new satellite terminal at SIA (SAT-1), 216k sq.m with 28 aircraft parking bays will be launched in a soft opening in Sept.
ASIAN: anticipates 2H turnaround from ease pressure on excess inventory situation from trading partners, lower freight rate and raw material costs on pet food & frozen food production, higher THB revenue from weak currency provide cushion.
Comment: A lot of us are paying attention to this sector….was the drop in business from 4Q22 to 1Q23 genuinely due to massive inventory ordering up until 3Q22 or is there something else occurring in the industry?
BCPG: 2 hydro pp in Laos (Nam San 3A&3B) combined 114mw to resumption from Jun 23 after temp shutdown from Dec 22.
DITTO: SSDT consortium wins Bt2.04b construction contract from Ministry of Natural Resources, DITTO gets Bt500.78m (24.5% interest).
Comment: The story for ditto, other than it being a haven for punters, is that they are going to be the winners in the carbon credit game that Thailand is getting into.
PCC: awards substations upgrade project from Electricity Generating Authority (EGAT) valued at Bt2.38b.
Comment: If Thailand is going down the EV route & plan to shove it down the consumers throats then they’ll have to get ready to upgrade ALL the substations in the country. So PCC, AKR, QLT (or has it changed?), DEMCO (yes even this dog) are going to benefit.
PTT: subsidiary, Arun Plus, forms venture with CATL to invest Bt3.6b in Cell to Pack (CTP) battery plant capacity 6GWh p.a., target cod next year.
Comment: Urgh, see above.