GULF: keeps 80% FY22 revenue growth target from higher capacity yoy, full year recognition of GSRC unit 1/2/3, contribution from INTUCH, sets Bt120b 5-year capex FY22-26 (60% for renewable, 20% large pp, 10% digital biz, 5% infra, 5% LNG), will conclude 2-3 M&A overseas pp by end of year, keeps investment plan in blockchain ecosystems to diversify.

Comment: Well, it’ll need to do something to justify it’s pricing…but the market and major punters all seem to have faith in this crony capitalism business to continue rocking and rolling

FORTH reaffirms Bt10b revenue this year, +10-15% yoy, with higher NP vs Bt722m yoy, on growth in 3 key business, Bt1.4-1.5b EMS business, Bt643m enterprise biz backlog, with Bt1-2b planned bidding, and 6K TaoBin vending machines by end of year.

Comment: Ah so the TaoBin business is slowing down….be careful here. Wouldn’t be surprised to see growth for this business to vanish next year.

LALIN maintains Bt7.2b FY22 revenue target, FY sales >Bt8.5b, supported by Bt1.6b backlog pending to realize, margin pressure likely ease from lower mat costs, financial costs remained low with 0.58x D/E, will launch 3 SDH projects total Bt1.55b by end of year.

PLANB cuts FY22 revenue target to Bt5.8b from Bt6.4b to reflect delayed Asian Games event to FY23, expects earnings jump start from 4Q on surged demand for OOH media, higher utilization of digital display, recovery ad rate on high season.

PTT sets Bt43.8b 5-year capex, mulls expansion in alternative energy, EV, food and drug, target 30% contribution, up from 16%, in 8 years.

SABUY secured insurance coverage for Ninja Van’s employees here and in Malaysia via its newly set up SABUY Maxi, and set up SABUY Alliance for job procurement, set up Vending Plus vending machines at all its warehouses, in talks with 3-4 potential partners in SEA to expand ecosystem.

Comment: I’m just curious to see how this all ends up. So many moving parts, there aren’t many management teams globally that can execute something like this…

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