BGRIM posts 51.6% increase in net profit for first quarter: B.Grimm Power Plc (BGRIM) reported a 51.6% increase in net profit for the first quarter this year, while advancing industrial user expansion and nearing commercial operation dates for its renewable energy projects. Net profit jumped by 51.6% to 749 million baht, while earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 2.6% to 3.72 billion baht year-on-year. Bangkok Post

GULF sees FY25 rev to +25%, driven by new power, data center and digital pjs, with electricity gen capacity to rise by ~1,500 to 16,577mw, new data center with capacity of 25mw will gradually begin commercial operations this month, will ramp up cloud computing service in 2H.

Comment: What a surprise…….remember this is the ultimate crony capitalist play…

Authorities will pursue criminal charges against 17 individuals, including former ITD’s president Premchai Karnasuta, and multiple cos linked to the catastrophic collapse of BKK’s State Audit Office (SAO) building following Mar’s 5.9-magnitude earthquake.

Comment: Panther killer continuing his streak of being in courts…

KKP targets flat growth in mortgages and bad loans: Kiatnakin Phatra Bank (KKP) expects flat mortgage growth this year under its selective lending strategy, aiming to keep non-performing loans (NPLs) at their existing level. According to Pattarapong Raktabutr, head of the consumer finance group at KKP, a holding company of Kiatnakin Bank, KKP targets housing loan growth of 5-6 billion baht this year. Bangkok Post

Comment: What will these new mortgages buy? Houses? No one is trusting high rise condos…and is that volume enough for “flat growth?”

CPF records profit surge of 642% to B8.55bn in Q1: Charoen Pokphand Foods Plc (CPF), an agroindustrial and food conglomerate, reported a record-breaking performance in the first quarter with a net profit of 8.55 billion baht, up 642% year-on-year. Prasit Boondoungprasert, chief executive of CPF, attributed this performance to efficiency improvements and cost reductions throughout the entire supply chain. Bangkok Post

Comment: Pork and chicken to the moon!