GULF is taking a cautious stance this year, with no plans to acquire new energy assets or increase its stake in KBANK, citing the slowing economy. The company is also considering selling some assets to improve cash flow.

Comment: Wait, GULF is having cash flow issues? Or did they receive a slap on the hand to not take over the Lamsam family asset?

RATCH has completed the sale of its 51% stake in telecommunications fiber business Siam Intranet (SIC) to International Gateway, with the transaction finalized on June 11.

SCGC, the chemical unit of SCC, will reclassify its investment in Chandra Asri Pacific (CAP) from an associated company to “other investments.” SCGC is preparing to reduce its stake in CAP by 10.57% (from 30.57%), as part of its strategy to deleverage and reallocate capital toward future growth opportunities.

Comment: What else can I say….you have 1) cement prices up 2) petrochem cycle not worsening 3) underowned large cap 4) YoY #’s will look good after the writeoff’s in 2024 and now this….could you see a massive payout in divvys? Or less diworsefication?

Talks are also ongoing with United Airlines, which has expressed interest in launching a BKK–LAX route. Meanwhile, THAI plans to strengthen codeshare agreements with United and Delta to better serve the US market. Positive sentiment for: AOT, OR, BAFS, SKY, BA, AAV, ERW, CENTEL.