Stocks in the news (atlas, bbl, ktc, or, scc, sky, tvo, tu) 20.04.26
Atlas Energy Public Company Limited is a prominent energy distributor in Thailand, primarily engaged in the distribution of Liquefied Petroleum Gas (LPG) for household, automotive, and industrial use. The company operates a comprehensive supply chain including storage terminals and a logistics network to serve retail and commercial customers nationwide.
ATLAS: sees no impact on LPG sales amid rising popularity of EV, as EV buyers are typically mid-upper income earners who already owned gasoline-powered cars and can afford EV to avoid fuel costs while low income earners turning to LPG.
Comment: There is zero negative impact on LPG demand from EVs
Bangkok Bank Public Company Limited is the largest commercial bank in Thailand and one of the largest regional banks in Southeast Asia. It provides a full range of financial services, including corporate, commercial, and retail banking, with an extensive international branch network spanning 14 economies.
BBL: The bank expects crude oil prices to remain elevated despite an eventual end to the war in the Middle East, while encouraging local businesses to accelerate their transition to alternative energy.
BBL (Bloomberg) 1Q26 results are likely to decline YoY due to lower NIM and higher OPEX according to analysts’ estimates. Lower income from loans following the BoT’s rate cuts will likely further weigh on earnings for the rest of the year. Banks will also have to increase provisions for bad loans as the Middle East conflict is expected to further slow economic growth. 1Q26 cons.est:
– NP est. at THB9.97bn / EPS est. at THB5.24 / NII est. at THB28.55bn
Comment: NIM is the question mark for the banks this year.
Krungthai Card Public Company Limited is a leading provider of consumer finance in Thailand, specializing in credit card services, personal loans, and payment solutions. As a subsidiary of Krungthai Bank, KTC leverages a large customer base and strong brand recognition to offer innovative financial products and loyalty programs.
KTC: 1Qnp came in at Bt 2.17b, +16.6% yoy, topped Bt 2.09b consensus, thanks to improved asset quality, ECL -13% yoy while fin costs -16.1% yoy, loan grew slightly +0.7% yoy with card spending vol +3.7% yoy, p-loan +3.3%, NPL rose to 1.93% vs 1.79% eo-FY25.
Comment: Oh – magic. And oh – higher DPS?
PTT Oil and Retail Business Public Company Limited is the retail flagship of the PTT Group. It operates an extensive network of gas stations under the PTT Station brand, alongside a diversified non-oil business including the Café Amazon coffee chain, convenience stores, and food services across Thailand and internationally.
OR: The Co is conducting a market test of its self-service fuel system as part of preparations for potential labour shortages and rising minimum wages. The self-service option, officially launched in early April, allows drivers to refuel without attendants and offers an immediate discount of 0.40 baht per litre.
Comment: Ah Thais are going to have to learn how to use the pump themselves.
The Siam Cement Public Company Limited is one of the largest and oldest industrial conglomerates in Thailand. It operates through three core business units: Cement-Building Materials, Chemicals (SCGC), and Packaging (SCGP), maintaining a leadership position in basic infrastructure and industrial supply chains across ASEAN.
SCC’s vessel passed through the Strait of Hormuz yesterday before the most recent re-closure. This is 1 of 2 ships stranded in the strait; TH Foreign Ministry and SCC did not disclose what products the vessel was carrying, but potentially chemical feedstocks.
Bloomberg latest updates on US-Iran situation:
– US seizes Iranian-flagged vessel by force in Gulf of Oman
– JD Vance to lead delegation for another round of Iran talks on Tuesday
– Iranian state TV says no plans for Tehran’s negotiators to attend talks
– Strait of Hormuz effectively cut off for maritime traffic
– Brent jumps as much as 7.9%; US stock futures drop
Comment: This MFA is better than people expect.
SKY ICT Public Company Limited is a leading technology service provider in Thailand, focusing on security systems, aviation services, and digital platforms. The company specializes in providing integrated ICT solutions for the public and private sectors, including smart security at international airports and tourism-related travel platforms.
SKY: facility mgt subsidiary, Metthier, in collaboration w/ Shanghai-based Agibot and COM7 will deploy 3 humanoid robots at SIA by eoy to assist psx with the pre-boarding process.
Comment: I’m stoked that the Jetsons future is finally coming.
Thai Union Group Public Company Limited is a global leader in the seafood industry, with a portfolio of international brands including John West, Chicken of the Sea, and King Oscar. The company is a top producer of shelf-stable, chilled, and frozen seafood, maintaining a strong commitment to sustainable fishing and global food safety standards.
TVO: The Co targets revenue of Bt34bn by 2028, with average growth of 6-7%, driven by growing domestic and international demand. It is also investing Bt110mn in two projects: installing a color quality control unit and a soap-water separation system to reduce production bottlenecks and support its export expansion plans. Regarding the risk of rising costs, the company may choose to adjust selling prices under the control of the Department of Internal Trade.
Thai Union Group Public Company Limited is a global leader in the seafood industry, with a portfolio of international brands including John West, Chicken of the Sea, and King Oscar. The company is a top producer of shelf-stable, chilled, and frozen seafood, maintaining a strong commitment to sustainable fishing and global food safety standards.
TU: anticipates earnings momentum pick up from 2Q following products px hike to incorporate w/ higher tuna px, packaging and freight costs, expects sales vol r/m strong as dmd for cheap protein surge amid war.
Comment: As I’ve 8itched for decades, this is a commodity company – all of their attempts at moving up the value chain have flopped.
Summary Table
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