EA sets Bt9.2b budget for investments in 1st phase lithium ion battery plant, electric boats and charging stations.
Comment: I find this to be a damn risky investment strategy by EA and I do not see how it is going to work out, unless there is a government push for it
BPP mulls investment in 1,000MW gas-fired PP in the US, studies M&A in China, Japan and VN, on Bt8b cashflows, pushing overall capacity to 4,300MW by 2025.
ERW sees solid 2H on seasonal, as Chinese tourist arrival starts picking up
IRPC sees better 2H on higher GRM at USD10-11/barrel, and Bt100m gain from land sales in 3Q.
TKN to unveil Pan Orion Corp as new strategic partner, expanding oversea distribution channels, mulls new products and presenters, firms on 5-7% rev growth.
Comment: Not the worst strategic partner but a 3% stake is nothing…
TPLAS firms on 15% FY19 rev growth t/g from strong demand for bio-degradable packaging, will roll out environmental friendly prods in 4Q to capture demand on seasonal.
WHA to open 3 IE total 4,000 acres from FY20 till FY22, upbeat 2H earnings from strong utility sales and 280 acres land to transfer in 2H.
Comment: Part of me thinks that SE Asia will benefit from the shifting of manufacturing away from China. The question is then one of time.