PTG keeps FY fuels sales volume growth target at 5-10% yoy driven by retail station expansion, growth from loyalty prog subscribers (PT Max Card) from current 25m, mulls boosting non-oil revenue from Autobacs, Max Mart, Subway to strengthen ecosystem.

Comment: The main story here will be the increase in marketing margin as oil prices have dropped sharply.

SEC said 37 Thai ESGX funds from 19 asset management will open for sub from May 2, expecting to raise ~Bt15-20b to support the market and lure ~3/4 of the Bt150b of outstanding LTFs via tax incentives to convert to Thai ESGX funds in exchange for a 5-year lock-up period, taking away some of the selling pressure.

Comment: One main reason that local insti selling pressure is done.