Stocks in the news (banpu) 05.03.26
Banpu Public Company Limited is an international versatile energy provider operating across three core pillars: energy resources (coal and natural gas), energy generation (thermal and renewable power), and energy technology. The company is currently undergoing a strategic restructuring, including a major merger with its subsidiary Banpu Power (BPP), to transition towards its “Greener & Smarter” vision and expand its integrated gas-to-power operations in the United States and digital energy infrastructure.
BANPU expects stronger 1Q earnings as escalating tensions in the Middle East lift prices of coal and natural gas, said its CEO, seeing firmer demand for its coal and gas as power producers and industrial users seek to secure fuel supplies. BANPU operates coal mines in China, Indonesia and Australia, and invests in gas fields in the US.
Comment: If only these numnuts focused on coal and their earnings would be 4x higher. But noooo, diversify into clean & renewable energy. Phucwits.
If this has helped you, please consider donating and buy me a Somtum Waffle 🙏🧇