DELTA reported Bt3,614m 1Q net profit, +30% yoy, missed Bt3,849m consensus.
DELTA par changed to Bt0.10 from Bt1, board lot changed to 100 from 50, tomorrow.

Comment: The miss vs the stock split. Fun times coming for these shares.

PTTEP to report 1Q today, Bt19.33b consensus.

Comment: Finally printing $ and they’ll continue to for the next 1-2 years.

HMPRO sets 8-9% revenue growth target this year from Bt69.4b in 2022. It reported Bt18.3b 1Q23 revenue and Bt1.61b net profit, +7% yoy two days ago.

Comment: The fact that they can grow at 2.5x GDP is just impressive.

IIG’s firm on 40% revenue growth target to Bt1.4b, from CRM and ERP growth, mulls 2-3 M&A deals.

Comment: Hmmm, they whiffed on last year’s profit figures by some -30% from the original target, granted this year they will fully consolidate the lansing, so they have that tailwind…

KAMART sees solid 1Q on higher beauty products sales and new products, mulls launching new brands and exports, boosting exports contribution from 10% currently.

KJL sets Bt250m FY23 capex for capacity expansion, solar rooftop and factory upgrade to accommodate rising demand for electrical components from renewable power, EV & industrial users in EEC area, target 10-15% CAGR over next 5 years.

MASTER eyes 3 M&A deals in beauty business this year, sees solid growth in 2Q23 on tourism recovery, mulls opening 10 more operating rooms, boosting total to 17.

Comment: And they announced the first acquisition this morning.

MGC, listed yesterday, target double digit growth in revenue this year, on recovery in auto industry, with plans to invest more in EV segment.

Comment: This is how you do an IPO, 10% increases each day.

PIMO sees solid 2Q from strong motor sales and demand for air condition compressor jumps on severe hot weather, expects margin widen as utilization rate exceed 90%, firms on 10% full year revenue growth target >Bt1.3b.

Comment: Yeah, ignore this company, its scale is too small to genuinely benefit from any trend.

PLT: LPG carrier & transport services provider, Pilatus Marine, debuts IPO 280m shares at Bt1.55/share, Sage Capital leads.

Comment: A little pump and finished down…

RS to list its music business next year, using proceeds to create fresh, new works to drive business growth together with domestic and international partners.

Comment: It doesn’t even make $.

SCC reported Bt16.53b 1Q23 net profit, +87% yoy, due to one-off gain of Bt11.96b from fair value adjustment from merger between SCG Logistics Management and SCGJWD Logistics, otherwise would have missed Bt4.805b consensus.

Comment: I’m going out on a limb and calling the mid-term bottom for SCC here, petrochem cycle will turn.

WARRIX expects apparel & sporting goods sales jump on upcoming SEA Games Cambodia event May 5-17, mulls promoting youth marketing & adding t-shirt line up to expand segment coverage, attract young customers.

Comment: I am impressed by this company.

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