ASIAN upbeats outlook from strong PET food & frozen pre-cook meal sales and tailwind from weak THB, allots Bt660m to up capacity by 6k tons in 3Q, revised up FY22 sales growth target to 19% from 12% to Bt11.2b, OEM subsidiary Asian Alliance Int’l (AAI) on track to list on the exchange this year.

Comment: And it keeps going and going and going

BCPG to sell electricity from 2 hydro PP in Laos, Nam San 3A and 3B, to Vietnam his September, after completing 90% of transmission lines.

BIOTEC acquires biodiesel producer, Matter Oil Synergy Holding (MOSH), capacity 200k bblpd, expects synergy from higher bargaining power on feedstock, increases value to its palm business, transaction to complete by end of July.

DEMCO sees more clarity to its new investments in 2H, Smart Energy and EV related, Bt4,052m backlog to help achieve 10% revenue growth target this year.

Comment: It’s the same same story for demco….wait for a management change and perhaps the value may finally be realised.

OR to install EV Station PluZ charging bays at 30 of Marriott and Resorts properties nationwide, completion by 2Q23.

SABUY sets Bt20b next year revenue target, from Bt5-5.5b expected this year, on 30-50% growth in 5 key business, sets Bt8-10b capex, to wrap up 3-5 deals by end of year.

Comment: So how many more businesses must be bought, how will the acquisitions be funded, note that they are paying with equity for the larger purchases. Could be a great roll up or it could just fall apart, interesting to see.

SITHAI sets Bt100m capex to establish melamine products and packaging plant in Vietnam, sees no financial strain from current D/E 0.97x, target cod 2H23.

  1. #Demco
    Unbelievable how long this clearly completely unprofessional and incompetent Management can stay in Power. Given all the missed Earnings , Cracks in Fountains, the terrible execution of Projects etc…
    In every other Country this Guys would be selling Sandwiches at an Subway Station 😉 and not run an listed Company. Is there an Board who controls the Management?
    However, we must not forget TIT 😁

    Thanks Phon for your Daily Information and valuable Views and Insights. You are an important Information Source for many Farangs in the Thai Stock Market …

    • Well..ex gov/PEA guys…demco’s growth came when kitti was running the place, pumped and dumped it, left it behind for the civil servants to manage. still stupidly cheap on paper, alas who knowws.

      hey I used to work at a subway, they wouldn’t last a minute there!

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