CKP to increase capacity to 5,000MW by end of 2025 from 2,100 now, thru new investments and M&A in hydro power projects and other renewable energy, plans Bt2b CD in Oct to re-finery, sets Bt6b capex to develop Luang pra bang hydro power plants & solar projects in Laos.

HFT reaffirms big jump 2H supported by strong motorbike tires exports volume as supplies from Vietnam & Malaysia shrink from Covid, new production plant to cod in 4Q, lifting total capacity to 70k/day, eyes 50% revenue growth next year.

Comment: The story here is that they are piggybacking on the bicycle growth in Europe….but they are the largest 2 wheel tyre manufacturer in ASEAN and just decathlon just signed them up.

OR plans to establish more business ties with retailers looking for new sales channels at PTT petrol stations following mall closures during the recent lockdown.

PTT sets up a 60:40 JV with Foxconn Tech to build a $2b EV plant in Thailand’s EEC. Construction will take 2-3 years, with an initial target of 50K cars annually and 150K in future.

Comment: Add a few years delay to this, I still wonder how much re-electrification of the country is required in order to supply the necessary power for EV’s to exist.

PTTEP reassure strong 2H driven by higher gas sales volume yoy from Sabah H projects cod-ed Feb 21 capacity 142m cuft/day & Oman Block 61 cod-ed 1Q21 capacity 647m cuft/day, new projects Algeria HBR Phase I capacity 10-13kbpd to cod before end of year, sees no hedging loss in 3/4Q.

Comment: Analysts appear to be finally waking up to the fact that PTTEP’s #’s are going to look great from 3Q21 onwards

RT expected to secure underground cable projects & irrigation projects total Bt619m before end of year, firms on full year Bt7b backlog target from Bt4.272b 1H21.

SAK upbeats 3Q earnings from surging demand for HP lending as demand for agricultural machineries grows on harvest season, sees positive momentum from all products (title loan, nano-fin, HP and P-loan), mulls revise up Bt8.4b FY21 loan book target.

WHA’s firm on record high revenue and profit this year, 30% yoy growth on strong logistic biz, on track to sell Bt5.5b worth of assets to WHART in 4Q.

UTP maintained Bt4b full year revenue target, sees healthy demand for green packaging from EEC & overseas market, will focus on HVA products to boost margins.

Comment: Their performance even surprises the owners.

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