ASIAN cuts FY23 revenue target to Bt10.7b from Bt13b prior from due to soft seafood & pet foods exports caused by high inventory level of overseas trading partners, keeps Bt1.3b capex plan to revamp automate pet food production line, replacing new boiler & solar rooftop to improve efficiency, reduce energy & labor costs.

Comment: So the question is…just as with every other manufacturer in every segment…is there a 2H recovery?

AU upbeats 2Q earnings from strong sales of beverages, seasonal menus & shaved ice desserts during summer season, robust traffic during holidays, mulls selling franchise CLMV to boost growth, will add 6 branches locally & open 2nd branch in HK this year.

BCPG acquires 100% stake in SMP AS to increase interest in 600mw Monsoon Wind Power (MWP) in Laos to 48.25% from current 38.25%.

ICHI sees record high 2Q on new products, seasonal, and new capacity, mulls revising revenue growth target to >15% earlier on higher OEM.

Comment: It appears that they have been able to generate a decent profit and have been able to pass on the sugar tax impact to consumers w/o issues.

KAMART’s board approve 18% stake or 198m shares sale to Wellsiam, a unit of Marubeni, at Bt7.25/shr.

Comment: Wow, far below market, note this isn’t a share sale, it’s a private placement. Will Wellsiam/Marubeni push products through KAMART?

SAPPE sees strong 2-3Q on seasonal, both Thailand and overseas, firms on 25% revenue growth target, sees revenue reaching Bt10b in 2026.

Comment: And the market believes they’ll achieve this and more at the moment.

SOLAR in talks with both potential domestic and foreign partners for jv in expanding alternative energy and new business, sees turnaround this year, sets 20-30% revenue growth target, boosted by solar cell, solar module, EPC, power management, and power sale.

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