AOT: Malaysian low-cost airline MYAirline, launched daily four daily flights to BKK (2 SIA & 2 DMK) starts Jul 1, mulls flying from KL to Phuket & Chiang Mai by eoy.

Comment: Great to see more competition (as an end-user).

BCP expects to wrap up 65.99% ESSO stake buy in 4Q, while insisting that Bt9.94 expected price is not the last price.

Comment: Although privately they mention that it will be August.

BCPG reports cod-ed two hydro pp (Nam San 3A & Nam San 3B) combined 114mw on Jun 15, power sells under a 25 years PPA to VN authority.

BBL denies impact from its assets mgt subsidiary investment loss on STARK as bank revenue derived by fees not investment portfolio.

Comment: “Only our clients are screwed”

GPSC’s 65% unit, GHECO-One, who operates a 660MW coal-fired power plant under IPP scheme received a request for arbitration seeking $309m in damage for canceling coal purchase deal, which GHECO-One’s claims it’s entitled to under the terms of the CSTAs to due to lower demand, yet GPSC may need to set aside Bt7b provision, while the case drags on, negative to share price. WHART holds 35% in Gheco-One.

Comment: Another Thai company screwing around with contracts, granted…probably not to STARK’s level…

GUNKUL sees positive 2Q earnings momentum supported by higher power gen efficiency from three windfarms, contribution from EPC solar project, expects to debut IPO of solar contractor subsidiary, Gunkul Power Development (GPD) in 4Q.

OSP sees solid growth in 2Q, up to Bt1b, on recovery in all segments, firms on double digit rev growth t/g this yr.

Comment: Not sure on this, unless the comp is only QoQ, as they did lose market share to CBG in 2022.

PLT’s board approves Bt157m capex for 33 LPG transport trucks, on LPG transport contract from OR.

PLUS, upbeats 2Q earnings from strong coconut drinks sales on seasonal, improved exports sales on ease pressure from excess inventory from trading partners, wider margin from higher utilization rate and cod-ed of 985 KW solar rooftop, new aseptic bottling unit on track to cod in 3Q, firms on 20-30% FY rev growth target.

Comment: A company perhaps worth tracking.

STARK mulls filing bankruptcy to pave way for debt restructuring, share sales to solve liquidity crunch.

Comment: It’s the only way to go, and it will keep the legal issues away from the firm.

TTCL wins a Bt5b EPC contract to construct bio refinery for pre-treatment & sustainable aviation fuel unit from BSGF.

Comment: Now this is an interesting development…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.