BANPU anticipates 2H turnaround from driven by 14.5mw Iwate Tono battery energy storage system pj (BESS) in JPN cod-ed in Jun, contribution from 50% stake in 350mw Wooreen BESS pj in Victoria, AU, temple I & II pp in Texas, expects transaction of $370m US natgas M&A (Bedrock Production LLC) to complete in 4Q, lift BKV’s capacity to 800m cuft/d, keeps FY coal pdtn t/g at 42.8m tons.

Comment: They could’ve just stayed in coal and make a bigger fortune.

BA reported 6% increase yoy on advance ticket booking for 2H24, routes to Samui island +12% yoy, expects wider margin as oil px drops.

Comment: People are underestimating the rebound in tourism IMO.

CPN cfm launch of Central Park mixed use project comprise of 130k sq.m. mall, 43-storey 60k sq.m. office bldg, 11.2k sq.m. sky park on Sep 4, will open full scale in Nov, 22k sq.m. mall Central Krabi to open on Oct 24.

Comment: Just look at each and every one of CPN’s mall locations and think if they can do a mixed-use project and by when – it’s as simple as that. 

ITD wins a Bt875m contract to build 1.4km road and bridge over the Chao Phraya River at Kiak-Kai intersection phase 3 connecting Phra Nakhon to Saphan Daeng intersection.

Comment: Panther killer still winning projects? Yes. Why? There’s no competition – wouldn’t be surprised to see CK and STEC continuing to be the largest players in this…

K: board approved treasury shares sales from buyback total 44.149m shares (8.04% of paid-up) from Sep 15-19.

Comment: The lack of new sizeable new projects is an issue for this company….remember they do the fit out for brands in malls i.e. Ralph Lauren and so when Central Embassy and Icon Siam were launching – they made bank…since then..quiet.

SIRI sees residential prop bottoming out, expects relaxed LTV to 100% to boost demand in 2H25, seeing Bt10b transfers/quarter and Bt41b t/g for FY25, down from Bt53b.

Comment: Problem is only 10,000 people can be approved by banks for loans..the rest are struggling for air.

ZIGA discloses Bitcoin holding as of eo-Jun at 7.06792499 coins comprising of 3.04800499 from mining and 4.01992 from purchase.

Comment: That’s all they have? I have friends with more…