ASIAN keeps Bt9.4b FY21 revenue target after logged Bt4.6b in 1H, sees demand for pet foods, pre-cooked meal & frozen seafood remained strong in 2H, positive THB revenue from weak currency.

BANPU trades XR 3:1 @ Bt 5, XW 1:1 for RO subscribers today.

Comment: They’ve already announced 1 deal, but I’m still annoyed by this cap increase, BANPU would comfortably have reached 20+ baht/share. Now its a question of revaluing the company as a utility player.

CBG upbeats outlook from strong energy drink sales momentum from China, recovery sales from CLMV markets, will increase exports to 50% of total revenue, maintained 20% revenue growth target.

Comment: Plus the cost reductions and the loss of competition = the leaders win.

DOD reassures solid 3Q from contribution of hemp seeds importer (Siam Herbal Tech), absence on write off from 2 subsidiaries in 2H, in-house CBD extracting plant on track to cod in October.

Comment: Well, its been delay and now then it’ll come through over the next 12 months.

EPG reaffirms Bt11b revenue target this year (ending March 22), after reporting record quarterly NP in 1Q at Bt450m, +503% yoy from Bt2,934m revenue.

Comment: I’m curious to see if this is sustainable. Their margins were strangely high, but it appears that the associates are finally kicking in some decent profits.

GUNKUL sees solid growth momentum into 2H, on plans to expand alt energy business both at home and abroad, and Bt20b EPC projects, boosting this year revenue up 20%, after 31% growth in 1H.

MINT anticipates narrower loss 2H from recovery oversea hotels operation, improved sales on F&B units, expects improved OCC on holiday season.

Comment: Europe is waking up for them, food business is ok. Part of the reopening theme (again and again)

MOONG sees 1H21 online sales +500% yoy, expects demand for personal care, infant & senior products remained strong in 2H, will launch new business in 4Q.

ORI sees stronger 2H, supported by transfers of 3 condo projects and Bt35b backlog, and assisting prospective clients in securing banks’ loans.

Comment: Just impressed.

QH maintained prudent approach on new launch projects, sees recovery sales & lower loan rejection rate, aims to keep margins within 31-33%, will launch 1 projects in 4Q, firms on 6% revenue growth target.

SAK upbeats 2H earnings from surging demand for credits for agricultural machineries, maintained Bt8.4b loanbook target by end of year.

SCGP completed 75% share acquisition of Indonesia packaging producers, Intan Group, will book immediate contribution from 3Q.

SIMAT issues free warrant (SIMAT-W5) 4.07:1 to existing holders, XW August 18.

Comment: The amount of warrants being issue these days is incredible, at one point we had 10 different warrants just from the Thai holdings. Owners and boards are thinking this is a way to support their share prices and to potentially raise capital. Though lets be realistic, most of it is for speculation.

TISCO’s AM unit, TISCOAM, sees online account opening jumps 200-300/month ytd, maintained Bt70b FY21 AUM targt +30% YOY.

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