Stocks in the news (bbl, bdms, ptt, or, toa) 02.04.26
Bangkok Bank Public Company Limited is one of Thailand’s largest commercial banks, providing a comprehensive range of financial services including corporate, investment, and retail banking. It maintains a strong regional presence across Southeast Asia, catering to a diverse client base ranging from large multinationals to individual savers.
BBL Loans: BBL has no plans to set aside extra LLPs; demand for working capital and project financing remains strong.
Comment: They’ll come out of any issues the strongest because they never went wild with retail and SME lending.
Bangkok Dusit Medical Services Public Company Limited is Thailand’s premier private healthcare operator, managing an extensive network of high-standard hospitals under brands like Bangkok Hospital, Samitivej, and BNH. It is a major hub for medical tourism, offering specialized care to both domestic and international patients.
BDMS Tourism: Despite short-term Arab tourist slowdown, demand for extended stays remains high. Chinese tourist spending grows 33%, with European, American, and Australian tourists also rising. Management targets double-digit growth and proposes long-term visa measures and Lancôme partnership.
Comment: I just don’t see how this hospital group is going to generate that much more revenue/profits given its size.
PTT Public Company Limited is the national energy conglomerate of Thailand, involved in the entire natural gas and petroleum value chain. As a Fortune Global 500 entity, it operates businesses in exploration, production, refining, and petrochemicals, serving as a pillar of the country’s energy security and industrial growth.
PTT Oil and Retail Business Public Company Limited is the retail and lifestyle flagship of PTT Group. It operates Thailand’s most extensive network of gas stations and non-oil retail brands, including the popular Café Amazon chain, focusing on integrated consumer experiences across Southeast Asia.
PTT & OR Campaign: PTT launched a campaign providing real-time supply chain info, operating refineries at 105% capacity, accelerating diesel production by 3.6mn liters/day, and maintaining a crude stockpile of 13.84mn barrels. OR operates storage 24/7 to meet increased holiday demand.
Comment: Perhaps I live in a bubble, but I don’t see Thailand having a genuine issue, then again when wuflu first started I underestimated the stupidity of governments, and with Ukraine/Russia – I had expected oil prices to spike further then.
TOA Paint (Thailand) Public Company Limited is the leading manufacturer and distributor of decorative and non-decorative paint products in Southeast Asia. The company provides innovative coating solutions for architectural construction and industrial sectors, maintaining a dominant market share in the region.
TOA: TOA highlights its SuperShield paint, expected to sell well due to energy-saving and heat-reducing properties. Management anticipates double-digit growth as raw material shortages ease.
Comment: They need oil prices low again to have a decent margin.
Nava Nakorn Electricity Generating (NNEG): JV between GPSC-NNCL-RATCH reports COD of Phase 3 power project (28.75 MW capacity, 8 ton/hr steam) on 1 Apr, supplying power to industrial customers in Nava Nakorn Industrial Zone.
Summary Table
| Ticker | Price (THB) | YTD (%) | Trend | Consensus | Analysis |
|---|---|---|---|---|---|
| BBL | 165.50 | -1.2% | 📉 | Hold | View |
| BDMS | 19.00 | -1.0% | 📉 | Strong Buy | View |
| PTT | 34.25 | +8.6% | 📈 | Buy | View |
| OR | 12.30 | -24.2% | 📉 | Hold | View |
| TOA | 12.70 | -4.4% | 📉 | Hold | View |
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peter satrapa-binder
Regarding PTT & OR: You are correct – thailand should not have problems there – yet. But as thailand’s oil production is covering only app. 10% of daily usage and thailand’s oil stocks reportedly last 60 – 90 days I’d expect problems in app. 2-3 months from now.
but again, as per now there shouldn’t be any problems yet. but there are. so – why are there problems now?
Pon
The fuel pipe connecting Bangkok to the North is only completing this year, thus the logistics were done via trucks hence the current issues in parts of the country
https://www.bafsthai.com/en/newsroom/activities/728/bafs-group-x-thappline-expanding-northern-fuel-pipeline-network-phase-3-launching-in-2026
peter satrapa-binder
with a little bit foresight and planning even these problems could have been solved within 24-48 hours.