CENTEL sets Bt10,400m 3-year capex for hotel, food and other investment, to open Phuket hotel for travel bubble program there from July 1.

Comment: They’re going to capture the market share.

CRC cuts FY21 revenue growth target to 10-11% from 10-12%, scale back CAPEX by 10-15% from Bt16-18b, delay 3 malls launch including Robinson Lifestyle Phuket, Robinson Chonburi (rebranding) and Go Mall in VN as pandemic raised uncertainty.

Comment: They’re going to capture the market share in Thailand.

CRD signed 3 construction contracts total Bt371m.

IMPACT omitted dividend payment for 1Q21 operation.

Comment: Perhaps we’ll see a dividend again for 2022 operations

IRPC branches out from chemical to EV parts, battery package and med supplies to boost value added, target specialty products >30% of portfolio within FY24 from current 17%.

JWD sealed 1 year vaccines transport contract from Cambodia authority, firms on 15% revenue growth target.

Comment: Cold storage works – it’s taken the market a few years to realise the value opportunity in this name.

PLANB maintaining Bt5b FY21 revenue target, margins within 10-15% range, sets Bt1b capex to expand digital display at 7-11 from current 1,050 outlets to 1.5k branches early 3Q and 2k by end of year.

PPM reaffirms solid 2Q from recognition of EPC solar rooftop backlog and wider margins from copper parts supplies to auto & electronic clients from higher selling price yoy, eyes Bt1.5b FY21 revenue target.

PRIME: PAR change from Bt4 to 1, effective May 25.

Comment: Retail going to pump this one?

PROEN has become validator node for BitKub’s blockchain.

Comment: It’s time to make a list of blockchain cyrpto names in Thailand. Off the top of my head you have BROOK, XPG, SIRI, PROEN

PTG sets Bt150m budget to transform NGV taxi to LPG taxi, up to 10,000 by end of year.

Comment: Nice targets, but at the end of the day this oil retailer is not going to have a decent year due to margins (if oil prices remain high and go higher)

PTT and NRF in JV to invest in integrated plant-based protein factory with 3,000 tons/year capacity, to COD in 4Q22.

Comment: They’re going to shove this rubbish down your throats soon. Great partnership potential.

SAWAD cuts motorbike title deed loan rate to 0.49% per month from 0.69% and promote fast approval within 15 mins during next 2 month campaign.

Comment: Don’t forget it’s also because cost of funding for SAWAD has decreased.

SINGER is among top candidate to be added to SET100 for 2H21, after being included to MSCI Small Cap, effective May 27.

Comment: Bring in the institutional shareholders to take it to another level.

  1. Your mention of JWD reminded me of how well the warehousing sector is doing in UK. Which companies provide modern warehousing in Thailand?

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