Stocks in the news (pttgc, pttep, stecon, wha) 10.02.26
PTT Global Chemical Public Company Limited is a leading integrated petrochemical and chemical manufacturer under the PTT Group, producing olefins, aromatics, performance chemicals, and related downstream products serving packaging, automotive, construction, and consumer industries in Thailand and international markets.
PTTGC 4Q25 net loss came in at THB5.5bn (weaker y/y but stronger q/q), hit by maintenance shutdown and inventory loss – GRM and aromatics P2F came in at $7.9/bbl (+114% y/y, +41% q/q) and USD193/t (+4% y/y, +8% q/q). 1Q26F to be supported by full utilisation rate of refinery and aromatics where healthy margins are supported by seasonal demand.
Comment: Waiting and waiting for the world to change.
PTT Exploration and Production Public Company Limited is Thailand’s national upstream E&P company, focused on the exploration, development, and production of oil, gas, and related petroleum products across Thailand and a diversified portfolio of international assets.
PTTEP 4Q25 Net Profit beats at THB17.50bn (-4% y/y, +38% q/q), lifted by one-time bargaining gain and non-recurring gains – Softer core operation hit by high unit cost from operating expenses where ASP came in at $42.55/boe (-7% y/y, -1% q/q), pays Bt4.65 dps, XD Feb 23.
Comment: Yum yum
Stecon Group Public Company Limited (formerly Sino-Thai Engineering and Construction) is a major Thai engineering and construction contractor, specializing in large-scale infrastructure, civil works, transportation, power, industrial, and building projects for public and private sector clients.
STECON eyes 4-5% FY revenue growth target driven by Bt110b backlog pending to realize, tailwind from data center project from private sector, mulls bidding for additional infra project after new government is formed.
Comment: Are they going to win the contract for an upcoming land-bridge contract in the South?
WHA Corporation Public Company Limited is a leading Thai developer and operator of logistics facilities, industrial estates, utilities, and power solutions, providing integrated industrial and logistics real estate, utilities, and digital platforms to domestic and international manufacturers and investors.
WHA mulls revising FY26 target from increase of longevity of the government following Bhumjaithai landslide victory, expects FDI jumps improvement of political stability.
Comment: Yes, this could be the first government since 2001-2005 that will complete it’s term.
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Don
may I tae 2 of your comments and stitch them together, down here on the coast of NST, we say : STECON bridge project and ‘waiting on the world to change’ 555
Pon
🙂