Stocks in the news (banpu, ichi, spvi) 08.04.26
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 : Its US unit, BKV Corp., is considering a THB52bn (US$1.5bn) greenfield investment and acquisitions of gas-fired power plants to add 1,000MW, aiming to tap demand from data centers. Rising US electricity consumption is partly driven by the expansion of data centers supporting AI and cloud computing. Banpu’s two power plants in Texas were acquired in 2021 and 2023, with capacities of about 1,500MW each.
Comment: Just imagine you kept your coal projects going instead….
Ichitan Group Public Company Limited is a leading beverage producer and distributor in Thailand, specializing in organic green tea, herbal drinks, and various non-carbonated beverages under the Ichitan and Yen Yen brands, with a growing international presence.
ICHI : The company expects continued growth this year, targeting a 15% increase in revenue and a 24.5% gross profit margin, driven by multiple product segments, especially non-tea beverages, supported by rising summer temperatures.
Comment: I do wonder if there is any value in someone acquiring this company? Is there genuine IP in this product category? Is there any value in the manufacturing capabilities?
S P V I Public Company Limited is a specialized IT retailer and authorized Apple reseller in Thailand, operating a network of stores including iStudio and U-Store, while providing integrated technology solutions and services for education and corporate sectors.
SPVI : The company expects continued strong growth in 2026, driven by U-Store demand and robust corporate client activity. It is also adjusting its portfolio by closing underperforming branches, focusing on U-Store sales, and accelerating growth through marketplaces, projecting over 70% growth.
Comment: Given how well Apple is performing and continuing to maintain the pricing of their products despite the DRAM price increases – why bet against them?
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