BANPU expected to report after market shut, Bt993m consensus.

Comment: Commodities – Let’s see what the #’s are. What a busy week it is.

GPSC reports 1Qnp @ Bt1.97b, +25% yoy, thanks to higher profit sharing revenue from Xayaburi hydro power, gains from disposal of Global Renewable Power and dividend income from RATCH, Rayong Waste pp (WTE) & 30MWh semi-solid battery plant to cod 2Q target full capacity utilization by end of year.

IRPC expects solid 2Q turnaround from strong chemical sales & wider PP spread yoy thanks to strong demand for med supplies, syringe bag, auto & home appliance parts, demand/supply mismatched from lower refinery production.

NER is expected to report record high quarterly profit tomorrow at >Bt300m, +400% yoy, from strong rubber sales volume & selling price, Tabloid.

Comment: See BANPU

NWR wins Bt238m construction contract from State Railway.

SPVI reports 1Qnp at Bt33.8m, +180% yoy, beats Bt23m consensus, supported by strong IT products sales on the back of WFH and distance learning.

Comment: Yes a beat….but they are the D grade version of COM7

TIDLOR sets annual growth rate at 15-20%, to expand car title loans, insurance broker biz and to add 500 more branches, supported by low cost of fund, 325.1% coverage ratio and 1.7% NPLs.

TIDLOR, BAY’s consumer fin unit, Ngern Tid Lor, debuts IPO 907.43m shares @ Bt36.5, Phatra, MS, UBS lead

Comment: And boom! There’s a tonne of non-bank finco’s now listed on the SET.

The Finance Ministry will not recapitalise financially troubled THAI of which it is the biggest shareholder, says State Enterprise Police Office (SEPO).

Comment: Because they are broke. It’ll be interesting to see who the new major shareholder is, another mysterious one like AAV/TAA? Or will they do an offering to all Thai citizens to become a shareholder in Thai Airways?

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