BJC fell 3.69% on elevated volume, as tax may rise as much as 20%, forcing it to cut FY24 projection, Tabloid.

DELTA reported Bt4.31b 1Q Net Profit, +19% yoy, on strong growth in sales revenue of power electronics and mobility business segments, but missed Bt4.58b consensus.

RT sees brighter prospect in 2Q, on Bt8.52b backlog and ongoing project bids, firms on Bt4b revenue this year, +30% yoy, mulls seeking board approval at meeting today for RO, to boost opportunity for new bids.

Comment: Doing an RO now? The value of the company has -60% since it went public 7 years ago. Perhaps w/ a “civilian” government this company will start winning infrastructure projects again.

SPA expects to wrap up 1-2 spa management contracts this year, seek to expand contribution from current 15% of revenue mixed to boost margin on absence of heavy costs on branch opening.

Comment: cannabis shops going under….I see more massage shops opening up, local comp coming back, but the management contract idea is fantastic for SPA!

TAPAC’s Sweden unit, C4Hus, enter into bankruptcy process, due to the effect of Sweden’s high policy rate at 4.5% vs 1% before Russia vs Ukraine war, banks in Sweden are slow down to give loan to entrepreneur & home buyers which effect to C4Hus liquidity.

Comment: Or that they weren’t running the business properly…I still never understand how a an increase in interest rates could take a company under….

TEKA wins condo construction contract from Mida Assets valued at Bt728m, lifts backlog to Bt4.3b.

Comment: That’s its 3rd decent sized project that TEKA has won…what’s going on…what margins are they taking? TEKA is a POS.

TTCL reported 2 EPC contracts signed QTD, total Bt8b, lifts backlog >Bt20b, mulls bidding additional project total Bt20b in 2H, aims to secure at least Bt6-7b of project awards, firms on Bt17b FY24 revenue target.

XO sees >Bt700m 1Q Ner Profit, on higher sales, firms on record revenue this year, up >20% yoy.

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