Bloomberg reports foreign net selling of TH equity at $555.6m yesterday was the most since Dec. 19, 2006. It’s worth noting that was because of the restructuring of AWC which resulted in large crossings worth $500m each on Mar 19 & 20, while UBO remains unchanged.

Comment: Well…….the family has to delever…adjust the books, etc etc…

ATP30 sees continued growth momentum in 1Q24, after realizing revenue from 5 new clients with >30 vehicles, 3 E-Bus ready for services, and in talks with several potential clients.

M sees 2M24 SSSG negative yoy, margin recover from lower fresh foods costs & costs control, rolls out campaign to boost dine-in upcoming Songkran festive, seeks M&A to utilize Bt7.8b cash on hand, eyes 10-15% revenue growth target.

Comment: -ve SSSG? At least they’re being frank about it. And this is M, perhaps the best F&B operator in the country.

PTTEP’s gas production at Erawan block rises to 800 MMcf/day yesterday, faster than April 1 schedule. Erawan is the largest gas site in the Gulf of TH.

Comment: Because they are pumping for more O&G and this is great for the service providers.

SKY anticipates solid turnaround yoy supported by higher revenue from passenger screening (APRS) & database (PNR) from low base last year, eyes 20% FY24 revenue growth target, will list network solutions subsidiary, Pro Inside (PIS) on SET this year.

Comment: Well done to the crooks running this. Their APRS system is rubbish, slow, doesn’t work 1/2 the time.

TNP upbeats 1Q earnings from robust traffic thru supermarket on the back of shopping tax rebate stimulus & tourism boom, larger branches network yoy, expects positive sales momentum carry thru 2Q supported by beverage sales during summer season, mulls adding 6 stores to 51 by end of year.

Comment: And this little supermarket player up north continues to impress.

Three consortiums are expected to apply for virtual bank licenses, as the application period for submissions to the BOT started yesterday, running to Sept 19. SCB’s working with KakaoBank, largest digital bank in Korea, and has entered a deal with Chinese tech firm, as part of consortium. TRUE, with supports from Ascend and Ant Group, and GULF/KTB/OR/ADVANC are other groups vying for the licenses.

Comment: Let’s see how the oligarch’s split this up.

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