CKP sees 3Q turnaround from improved flow rate at Xyaburi & Nam Ngum hydro power plant on rainy season, mulls develop windfarm in Vietnam to capture demand for power.

CPF bought back 4.22m shares @ Bt20.4-Bt20.5 on June 8, taking total to 123.74m or 1.44% of paid-up. The scheme ends June 18, for max 200m shares.

Comment: This could actually make sense for once…raw mat prices are higher, ASPs are relatively low, in 1-2 years from now I wouldn’t be surprised to see higher margins for players such as CPF, there are better plays in the country/region…

EPG maintains 10% full year sales growth target to >Bt13b, margin within 30-33% range, sets Bt680m 3-year capex to revamp food packaging (EPP), Aeroklas & Aeroflex production line.

JMT wraps up B60b bad loan deal from a large bank, boosting port to Bt440b, firms on 30% profit growth this year.

Comment: And the market doubted the upside…..JMT is going to hoover up the bad debt industry.

PLUS: local VI, Sompong Cholkadeedamrongkul, raised holding by 0.0223% to 8.422% on Jun 7.

Comment: I do find this name interesting…but I’ve learnt to despise the celebrity “Thai VIs”

PRAPAT mulls increasing production capacity of cleaning chemical from current 1k tons/month as demand from hotels, F&B & commercial accelerate, strong sales growth at Phu Quoc island in Vietnam, firms on 15% full year revenue growth target.

STARK: SET & Association of Investment Management Companies (AIMC) plan to use class action law to protect investors interest from potential fraud among company’s former executives.

Comment: Name me 1 director of a plc that has gone to jail. Voila, never happened.

THG in collaboration with IFF Holdings Vietnam and Mitrmitree Med in Bt170m BeWell Wellness Clinic, targeting hi-end patients with 1st branch in Ho Chi Minh.

Comment: That’s a good play….shit…now THG can be considered a TH + VN play. Clever move by Dr. Boon.

VRANDA upbeats outlook from positive sales momentum of Bt300m Veranda Pool Villas Hua Hin Cha-am project (Bt100m booked), 159 rooms Veranda Resort Phuket Autograph Collection Cape Panwa & additional capacity from Veranda Rockys Resort Samui (+20 rooms from current 50) to cod in FY25, lifts total to 860 rooms from 679, Veranda Residence Phuket kick-off pre-sales from 3Q.

Comment: The maintenance of their resorts is now coming into question…great contractors, great initial design, but longer term management is a q mark.

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