NRF announced cash call via RO total 94.510m shares, 15:1 @ Bt1/share, subscription from Aug 21-27, issue free warrant (NRF-W2) for RO subscribers, XR Aug 1.

Comment: Yeah….I thought plant based food was going to save the world. F wits…how’s the deal with Golden Weed donkey kong played out? I do think it’s time for genuine shareholder activism in Thailand – the issue in the country is the legal system – not that its corrupt per se but that it takes a helluva long time in courts…otherwise shareholders could just sue the Board members for ineptitude, incompetence, lack of focus etc etc especially in the case of this co…

OSP upbeats 2Q from improved energy drink market share at 45% end of April after launched M-150 yellow cap Bt10 a bottle, min wage hike open upside.

Comment: Downtrading occurring….all those jelly drinks are suffering and consumers are downtrading to OSP and CBG….let’s see.

PTTEP’s venture with Eni Algeria Exploration B.V. won Reggane II onshore O&G EP field in Algeria. Eni (operator) holds 66% participating interest while PTTEP holds 34%, production sharing contract (PSC) will be signed subsequently.

Comment: ENI is incredibly active, PTTEP is lucky to be part of this.