ARIP sets 30% rev growth target this year, a record high, from Bt226m yoy, on recovering tourism.

Comment: If that’s the case, it will be both all time highs for both revenues and profits. It’s been listed since 2010, but haven’t really looked into this name, could be a smaller example of a listed player gaining market share from it’s bankrupt comp.

BCP’s shareholders approved acquisition of ESSO, 65.99% from Exxon and 34.01% public tender, expected at Bt9-9.4 per shr.

Comment: And soooo, pump?

BIZ sees 10% rev growth this year, mulls Bt1b project bids with 70-80% success rate, sets Bt80-100m rev t/g for its cancer hospital, breaking even in 5 years.

PTG sees strong sales, both oil and coffee, during Songkran, keeps 8-10% EBITDA growth target this year, Bt6b capex to expand service stations, non-oil and new business, mulls listing of Pan Thai Coffee in 2025.

Comment: Their marketing margins are not going to improve this year….I still think oil stays high, and this is awful for them.

PTT mulls $7bn green hydrogen project with Saudi partner, ACWA Power, with 225K tons/year capacity to supply ASEAN EVs.

SAK sees growth momentum into 2Q on Agri drone and solar rooftop installation, boosting both leasing and personal loan demand, supported by high Agri product price, keeps <2.5% NPL t/g and plans 100 new branches.

THANI sets Bt30b new loans target, 10% growth in existing port, <3% NPLs this year, sees solid loan demand in 1Q23.

Comment: Loan demand is incredibly high, the ability to repay it is a different matter….I still think the average thai business is cash broke.

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