ERW reported liquidation of subsidiary, Erawan Philippines, in which it indirectly holds 100% of shrs thru Hop Inn Hotel Philippines, no impact on oper of the co., and other subsidiaries as the subsidiary has not conducting any oper.

PTTEP completed acquisition of 34% stake in E&E Algeria Touat B.V., which oper onshore basin gas field pj w/ rate of 435mmscfd. PTTEP holds 22.1% indirect interest in the pj and recognizes immediate contribution frm 3Q with potential for further pdtn ramp-up in the coming yrs.

Comment: Despite the fact that I’m still celebrating lower oil prices, I’ve noticed that the O&G Offshore players I like to start pick up. Some people I like on X state that oil could still be sub 60 this year, but with the USD being this low…it wouldn’t be impossible to expect oil being back to 70-80 next year…

TASCO expects earnings bottom out in 3Q frm high base last yr before picking up in 4Q supported by asphalt dmd for road wrk pj following Bt29.16b budget disbursement to Dept of Highway and Bt14.73b for Dept of Rural Road, wider margin as oil price drops.

Comment: Lower Oil price = higher margins + new gov spending = $, shame the share price isn’t low enough..

TKC keeps 20% FY rev grwth t/g driven by +ve mmtum on cloud service & software biz, 60% of Bt2.179b backlog to realize in 2H, expects to secure additional pj in the pipeline including Smart Airport, Smart Grid, Smart Campus, Smart Building, AI application, cloud and cyber security.

THCOM secured $184m (Bt6b) syndicated loan frm DB & Std Chart to pursue THCOM10 satellite pj, aims to launch by 2027.