BANPU sees growth momentum in 2Q from high energy price, 2H boosted by revenue recognition of its 93% stake in XTO Energy worth Bt25.1b.

Comment: Despite the stupid hedges, its trading at 4x trailing PE, ROE’s of 20% and both natty gas and coal are far higher.

CHAYO expected to book Bt300m gains from disposal of Bt900m land collateral in Phang nga province in July.

Comment: Let’s see if they can put the capital raised to use by 4q

GULF’s subsidiary, Gulf International Investment (HK), invested US$10m in Binance Labs investment fund to invest in digital assets & infra, blockchain, DeFi, NFT, Metaverse & gaming.

MALEE plans to tender for ABICO share via share swap in 3Q, to be completed in 4Q and delisted from SET, Tabloid. Both rose 30% yesterday.

Comment: I have no idea why the shares moved now. It’s been public for a while.

PTTEP reported cod of Algeria Hassi Bir Rekaiz Oil & Gas venture projects, production target 13k bbl per day.

SIRI plans Bt30b Krungthep Kritha Community on 500 rai of land, comprising of 3 luxury housing project worth Bt9b, keeps Bt8b 1H transfer target.

Comment: Ballsy

THCOM: Supreme Admin Court issued an injection that allows Thaicom to continue using satellite orbital slot used by Thaicom 7 and 8 satellite.

Comment: We’ve eyeing THCOM and wondering when the issues will be resolved. At one point this name may be a screaming buy but there are still several question marks over the business model and regulatory environment.

UTP revised up FY22 revenue target to Bt5.8b from Bt4.5b prior as demand for paper packaging grow, will hike price in 2H to reflects higher costs.

WP sees strong LPG sales volume 2Q as drivers shift to alternative fuel from high oil px, recovery demand from commercial clients on reopen, tailwind from transport service, maintain 765k tons full year sales volume target.

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