BANPU: completed acquisition of Barnett shale gas asset in the US on October 1, will book immediate contribution from 4Q20.
BGRIM: signs MOU with Provincial Electricity Authority (PEA) to jointly expand SPP, smart microgrid and renewable energy.
CBG: expects to report quarterly record high profit in 3Q from increase market share of Woody C+lock functional drink, improves domestic & oversea sales, wider GPM on econ of scale and higher capacity utilization.
Comment: China is rocking and rolling and people don’t talk enough about it. Several brands/products/services that are domestically focused there are doing amazingly well this year.
EGCO: cod 19.8mw Gangdong fuel cell powerplants on October 1, will book contribution from 49% holding in the projects from 4Q20.
PTTEP: recovered permission from Chevron to enter Erawan field for smooth transition of Oil & Gas production for new operator after Chevron concession end in FY22.
Comment: I’m still expecting a 4Q jump in oil prices (seeing the rig count drop massively in the US during this q….)
PTG: anticipates wider margins on gasoline sales from low oil price, expects strong sales volume 4Q from domestic travel stimulus, absence of domestic Covid transmission and New Year high season.
Comment: PTG benefits from “stable” low oil prices => higher marketing margins
THAI: resume BKK-Tokyo route, will start Bkk-Osaka route from November.
Comment: Ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhh yes! Let’s get flying again
TQM: non-life reinsurance broker subsidiary, TQR, submitted filing to sell IPO 60m shares listing on MAI.
Comment: This little pocket rocket keeps going.