BGC reaffirms 10% full year revenue growth target supported by strong demand bottles & label on improved tourism, lower energy costs yoy, expects positive momentum carry thru high season in 4Q.

Comment: Ah, if the liberalisation of the alcohol industry goes ahead, how hurt would BGC’s growth prospects be? Or will they be able to supply the bottles to every artsy new beer?

GPSC signed MOU with Spore steelmaker, Meranti Stell, to provide renewable solutions including offsite solar, wind energy and future green hydrogen supply chain for green steel project in Thailand.

PCC wins EPC contracts for control device in power distribution system from Provincial Electricity Authority (PEA) combined worth Bt384m.

SOLAR upbeats full year earnings outlook from healthy demand for solar panel & EPC solar rooftop on rising demand for cost saving, seeks to expand private PPA to fill demand for business operators, eyes 20-30% full year revenue growth target.

SCB sees growth momentum into 2-3Q on rising interest rate trend, NIM, boasting Bt800b cash on hand and 19% capital ratio, to keep paying high dividend, firms on >10% revenue growth and shred cost-to-income to below 40% from end of 1Q.

Comment: Arthid has shown an immense skillset to still be leading SCB despite being the largest value destroyer amongst all the listed banks in Thailand.

STARK’s asked the SEC to delay the deadline for the submission of its special audit report by another 30 days from Fri, but indicated it is prepared to file its 2022 financial statement on July 16, as required by the regulator.

Comment: To be expected, this stakes far longer than expected, and probably in a few weeks the shares will be 0.01 right before its delisted.

TOA sees solid 2Q, 5M sales boosted by recovering domestic demand, especially tourist town and BKK, while costs fell, firms on 15% sale growth target this year.

WICE sees solid 2H driven by improved freight forwarding traffic HoH on exports of electronics products & larger volume from key business partners, tailwind from fulfilments center for e-commerce, expects to conclude e-truck replacement deal with listed co., on the exchange by end of year.

Comment: If the “decoupling” from China is true and we are seeing multiple movements of companies/manufacturing etc away from China, what benefit would the new logistics setups between China and Thailand really bring in terms of value? Or are we going to see a stronger rise of multiple Chinese brands being sold throughout the region/world, and would this be enough to offset the loss of volume done by international businesses/manufacturing in China?

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