BGC: teams up Singha Corp to acquire 26% stake of Bangkok Can Manufacturing, a subsidiary of JPN Toyo Seikan (TSG), seeks to expand upstream to packaging material, branch out from glass & PET bottle to aluminum can & tin lids for beer & beverages.

Comment: Well of course they are “teaming up” they’re the same company

BCPG: Capital Asia Investment raised holding by 1.7207% to 5.2759% on Feb 13.

Comment: So? Acquisition coming? Nopeā€¦

NAT: IT & ICT solutions provider, titanium partner with DELL Technologies, NAT Absolute Technologies, debut IPO 92m shares @ Bt 5.4 apiece, Finansia Syrus leads.

Comment: Pump timeee. Voila they’re lowered the valuations to make to be pumpable. One day it’ll make sense to just buy up all these IT companies that are sub THB1-2bn mkt cap and consolidate the entire industry.

SAV: reaffirms big jump this year driven by strong revenue from air navigation service in Cambodia on surge traffic thru Vietnam on tourism high season (Mar-Apr), FY contribution from Siem Reap international airport.

TFG: anticipates FY24 turnaround aft profit hindered by poor domestic selling price hurt by illegal imported pork last year, expects margin recover as feed mill costs drop, mulls adding 150 grocery shops, Thai Fresh Food Market, tally total to 500 outlets by end of year, eyes 10% revenue growth target.

PTT & GULF: FY results out today, Bt 102b & Bt 15b consensus respectively.
CPAXT: FY @ Bt 8.64b +12% yoy, topped Bt 8.46b estimate, 4Q came in at Bt 3.282b +33% yoy, beat Bt 2.86b consensus, pays Bt 0.39 dps, XD April 5.
TOP: FY @ Bt 19.44b -40% yoy, In-line with Bt 19.41b consensus, 4Q came in at Bt 2.94b, topped Bt 2.86b consensus, pays Bt 2.75 dps, XD Feb 27.
BTS: 3Q23 (eo-Dec23) net loss Bt 4.76b vs Bt 1.04b profit yoy.

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