PTTEP: reaffirms solid turnaround after hit by hedging loss in 1Q, sees higher average sales volume in 2Q at 467k boed vs 427k in 1Q, expects gas selling price peak in 4Q on renewal of gas purchase agreement in several projects.
Comment: Even my grandmother can trade oil better than this pttep team. At least its done. 200 coming?
SMT: 1Q22np at Bt56.84m +10% yoy, board approved Bt150m investment in bitcoin mining business
Comment: Add this to your list of co’s entering into the mining game.
SPALI: sees property buyers in the upper-end segment return to get good deal before px pushed by new costs, will launch new projects 378 units, Supalai Loft Phasi Charoen Station, next week, pre-sales kick off May 11.
Comment: Real estate sales are +30-40% YoY so there is a recovery, market share is returning to the big listed boys
SUSCO: teams up ESSO to joint expand retail stations, see fuels sales improved aft rebranded 35 existing outlets last year, mulls revamp another 45 branches upcountry, add more 15-20 stations, target 270 branches from current 251 by end of year.
Comment: Good move for both, reduces cap requirements.