Stocks in the news (banpu, bgrim, centel, or, spali, thai, uniq) 30.01.26
BANPU’s board approved an amalgamation with BPP, with a new company to assume all assets, liabilities and obligations of both entities. The board also approved a registered capital increase via private placement, including shares issued to the CEO.
Comment: Yummy CEO shares….c’mon hedgies & pe boys, we can raid this company, it’s mismanaged as hell. All assets could be sold off and you’d easily make 2x unlevered
Banpu Public Company Limited is a diversified international energy group with three core businesses: energy resources (coal and gas), energy generation (conventional and renewable power), and energy technology solutions, with operations spanning Thailand and multiple markets across the Asia-Pacific and the United States.
BGRIM partnered with Kinergy Advancement to develop an IPP platform in Malaysia, with electricity to be sold to Tenaga Nasional. Phase 1 COD is targeted by end-2029.
B.Grimm Power Public Company Limited (BGRIM) is a leading private power producer in Thailand, operating gas-fired cogeneration plants and a growing portfolio of renewable energy projects across Asia, supplying electricity and steam to both utilities and industrial customers.
CENTEL reported a spike in hotel bookings in Udon Thani and Hat Yai, partly attributed to travel demand linked to Blackpink’s Lisa-related events.
Comment: Tourism baby
Central Plaza Hotel Public Company Limited (CENTEL) operates a portfolio of hotels and resorts in Thailand and overseas under several brands, along with a quick-service restaurant and food business, making it a diversified hospitality and food service group.
OR will discontinue sales of gasohol E85 from 1 February. Authorities noted the impact is minimal, as E85 represents a very small and structurally unprofitable share of fuel consumption.
Comment: Was a low oil price play for me, now it’s done, oil’s back baby.
PTT Oil and Retail Business Public Company Limited (OR) is the retail and marketing arm of PTT Group, operating service stations, fuel and lubricant distribution, and non-oil retail businesses such as Café Amazon and convenience stores across Thailand and selected international markets.
SPALI formed a joint venture with China’s AuGroup to explore warehouse and light industrial development in Chon Buri, targeting tenants using Thailand as a tax-efficient export base.
Supalai Public Company Limited (SPALI) is a Thai property developer focused on residential real estate, including condominiums, single detached houses, and townhomes, with projects concentrated primarily in Bangkok and major provincial cities.
THAI plans to expand its fleet by a net 23 aircraft this year via leasing, supporting the recovery of international routes, particularly India and China. The airline will add A321s for short-haul and B787s for long-haul routes.
Comment: All well telegraphed on it’s re-listing
Thai Airways International Public Company Limited (THAI) is Thailand’s national flag carrier, providing passenger and cargo air transport services on domestic and international routes, supported by related aviation and ground service businesses.
UNIQ won a Bt6.1bn construction contract for the Red Line MRT extension (Rangsit–Rangsit University).
Comment: Ohhh they’re back? At least it wasn’t ITD….
Unique Engineering and Construction Public Company Limited (UNIQ) is a Thai civil engineering and construction contractor specializing in large-scale infrastructure projects such as roads, mass transit, bridges, and public utilities for both government and private sector clients.
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