AWC expects positive earnings momentum carry thru 4Q driven by strong OCC & RevPar on high season, larger food outlets & hotels network both qoq & yoy, newly coded Intercontinental Chiang Mai Mae Ping & Marriot Chiang Mai to boost earnings.

BANPU sees coal & natural gas price ascending from surged demand for heat during winter, expects average 4Q coal price at $ 120/t & $ 3.26/MMBtu for natural gas.

Comment: Well…coal used to be at $350/tonne, that trade is over. And banpu isn’t the best play on coal prices as I learnt back in 2021, their sub, ITMG in indo is a better direct play.

BKI, BLA and THREL are the 3 insurances among SET’s ESG Rating, following Finance Ministry’s approval to set up TESG Long-term Fund, offering tax breaks for holders. Proposal to be tabled for Cabinet approval this week.

IVL sees FY24 turnaround aft hurt by US$95m energy hedging loss this year, expects PET spread and sales vol picks up aft excess supply dissipates from the market, realigns production to plants in Asia to improve efficiency, cost saving from higher energy price in EU.

Comment: It’s not an easy company to figure out, the usual cycles have been interrupted since covid

PTG sets Bt4.9b 5-yr capex to expand Pan Thai café to 5k outlets by end of FY28, 60% will be wholly owned and 40% via franchise, will debut 5 café in Laos in December.

Comment: I can imagine this name picking up stronger in 3-5 years…that’s how much longer I think oil prices stay elevated.

WARRIX announced buyback up to 11m shares (1.83% of paid-up) under Bt70m budget from Nov 21, 23 till May 20, 24.

Comment: They’re up against the chinese brands now. And WARRIX is going to have to strengthen their government contracts within Thailand throughout the region otherwise they’ll be squeezed out.

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