Stocks in the news (banpu, cpf, htc, siri) 25.03.26
Banpu Public Company Limited is an integrated energy company with three core businesses: energy resources (coal and gas), energy generation (thermal and renewable power), and energy technology solutions, with diversified operations across Thailand and multiple international markets.
BANPU acquires 100mw battery energy storage system (BESS) project in Houston from Grid Connected Infrastructure LLC (GCI), financial details were not provided, target cod in 4Q27.
Comment: I want to see more details in this business. BESS is the only way that renewables would make sense but the EROI still is lacking
Charoen Pokphand Foods Public Company Limited is a leading agro-industrial and food conglomerate operating a vertically integrated business in livestock and aquaculture, spanning animal feed, farm breeding, and processed food products globally.
CPF: The management. said it will keep its meat and food prices unchanged for at least two months as the Co uses local sources for most of its raw materials. Fuel accounts for only 3-4% of CPF’s total production costs, while plastics and logistics contribute 4% of the total. Up to 70% of total costs stem from animal feed materials, including corn and tapioca.
Haad Thip Public Company Limited is the exclusive bottler and distributor of Coca-Cola products in Southern Thailand, operating production plants and a robust distribution network serving the regional beverage market.
HTC turns from PET to returnable glass bottle beverage to improve margin, new launch Monster energy drink, sugar free beverage and function drink expected to revive sales during summer season, eyes 3-5% FY revenue growth target.
Comment: Says something that HTC can’t grow, even if they typically outperform guidance.
Sansiri Public Company Limited is one of Thailand’s largest real estate developers, specializing in high-quality residential projects including single-detached houses, townhomes, and condominiums across major urban centers.
SIRI 26F earnings fine tuned to reflect more conservative guidance. 2026 launches guided 33 new projects (THB51bn -2%y/y); 17 low-rise (THB25bn -1%y/y) and 16 condos (THB26bn -2%y/y), increasing its proportion in high-end segments to 42% of all launches and shifting condo launches to high foreign-demand locations (6 of the 16 condo projects are set for Phuket). Condo transfers (THB17.5bn +21y/y) to pick up in 2026 supported by 10 projects scheduled for completion while low-rise will drag (THB21.5bn -3%y/y). Target presales estimated at THB41bn -2%y/y with THB21.3bn +2%y/y from low-rise and THB19.7bn -5%y/y from condos. SIRI still has 136 projects avail for sale (THB101bn).
Comment: Part of me worries about the size of projects and inventory available for sale..but in a different way they are apparently still transferring some 5k units per year. Not necessarily ridiculous. Another part of me goes wtf, THB 100 bn inventory for this company? There’s excess units in the market – how are they surviving?
Summary Table
| Ticker | Price (THB) | YTD % | Trend (3M) | Consensus | Analysis |
|---|---|---|---|---|---|
| BANPU | 6.30 | +28.0% | 📈 | Buy | View → |
| CPF | 19.50 | -10.6% | 📉 | Hold | View → |
| HTC | 15.50 | +4.0% | 📈 | Buy | View → |
| SIRI | 1.35 | +0.7% | 📈 | Hold | View → |
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Geoffrey Carter
BANPU acquires 100mw battery energy storage system… Should be 100MW (Megawatt) not Milli-watts.