GULF’s expected to report Bt58.5b Net Profit in 2Q, +797% yoy, thanked to ~Bt52b booking of ADVANC’s fair value, while normalized profit is expected at ~Bt7.24b, Thunhoon.

Comment: Well there you go, that’s going to help to pump the name a bit.

PTTGC is expected to take the final hit in 2Q from inventory & hedging losses, asset write-off from Vencorex, soft olefin operation from maintenance shutdown, season demand in 3Q, absence of stock loss and improve GRM & aromatic spread limit downside.

Comment:Are my petrochem dogs of the SET finally catching a bid?

SAWAD reported 4 tranches of CD total Bt5b completely sold out with 2x book covered.

Comment: Not that impressive to only be 2x covered, but still, there’s demand for “safe” fixed income

SCGP cuts capex down from Bt13b to Bt10b, focusing on quality deals that add liquidity, firms on plan to wrap up M&P in consumer deal in 4Q and Bt18b EBITDA target this year.

Comment: They are continuing to acquire businesses throughout the region or increase their weighting. Lets see how far it can go. I look at this as an expensive way to play ecommerce.

SEAFCO reaffirms 2Q turnaround after 3 consecutive quarter losses as revenue recognition from Orange line foundation work project started to kick-in from Apr, Bt2.2b outstanding backlog to realize till end of 1H26, expects more to come from double deck toll way & MRT project in Bangladesh.

Comment: Given that there is still zero public spending, the company is going to have to heavily rely upon public projects, so it’ll be the usual story of high project values, low margins, bad cash cycle.

TFG sees positive momentum carrying thru 2H driven by chicken & swine sales volume growth, where chicken export to EU & China are expected to jump 30% yoy while lower feed mill costs and retail units open upside to margin, eyes 10-15% FY revenue growth target.

Comment:I still think that their margins are going to surprise on the upside, the question is just simply for how much longer

TRUE deploys 5G DSS (Dynamic Spectrum Sharing) in Thong Lor area, allows 4G LTE & 5G to be used in the same frequency band, while dynamically allocating bandwidth based on user demand, enable co., to serve 5G without huge investment on infra upgrade, worry free on spectrum availability, improve network performance.

Comment: You’re seeing the Telenor playbook here. Utilising it’s network effectively, but a slightly lower service quality thereby allowing financial figures to improve.