AOT TB: The mgmt. confirms its passenger target for fiscal year 2025/2026 at 130mn people, despite the increase in int’l Passenger Service Charges (PSCs) to Bt1,120 per person. This is supported by charter flights, the recovery of short-haul routes, and interest from new airlines in opening new routes. The Streets view the PSC increase as boosting cash flow by over Bt5bn per year, supporting investment potential and long-term profits. AOT has raised PSC for int’l departures at 6 airports to Bt1,120 ($34) from the previous rate of Bt730/psx effective Jun 20. Domestic r/m unchanged w/ PSC kept at Bt130/psx.

Comment: And then in 12 months from now we’ll be talking about the YoY growth of tourism to Thailand.

BAFS reported 90% completion of a 52-km underground petroleum transmission pipeline connecting Saburi terminal w/ northern fuel pipeline regions at Ang Thong.

Comment: Voila…..

SCC anticipates solid 2Q driven by full qtr recognition higher chem spreads, tailwind from dvd income on seasonal effect, mulls expanding HVA products & green products in portfolio to bolster margin.

Comment: As long as they’re continuing to get rid of their rubbish and become a tighter run organisation – this name will continue to move. Now do I think we’ll see 500-600 as they did in the past? No, because they’ve reduced their holding in Chandra Asri, but that could again change with a national petchem company….