GULF reported 1Q net income rose 55% yoy to Bt6.6b, based on pro forma financial performance after completing a merger in April.
GULF is to raise Bt300b to refinance and boost future investment after merging with INTUCH, over next 5-10 yrs. The plan will replace the Bt200b plan, under which Bt185b have already been issued.

Comment: Money printing time for GULF