ACE signed 20mw community solar PPA with Provincial Electricity Authority (PEA), scheduled to cod in 2027.

Comment: All these clown ESG renewable stocks that sucked the cash out of our pockets are declining rather rapidly…

AQUA’s subsidiary, TCDC, signed a 7 years warehouse lease contract with Unilever, expects to generate Bt1.672b income stream during contract.

Embattled EA is seeking a strategic partner to help it with debts of Bt19.5b due this year, after a credit downgrading caused difficulty in mobilizing fresh funds via bond issuance.

Comment: Strategic? Founder needs someone to pay for his legal bills. He’s lied and lied and lied to the board and shareholders.

GULF to merge with INTUCH via share swap, GULF’s holders will get 1.02974 shares of the merged entity, while INTUCH’s get 1.69335 shares.

GULF, INTUCH and Singtel will make a tender offer for 36.25% of ADVANC at Bt216.30/share, vs Bt220 closing price.

GULF, INTUCH, and Sarath will offer to buy 58.9% of THCOM at Bt11/share.

INTUCH board gave an in-principle approval for a special dividend payout of Bt4.5/share from its retained earnings.

Comment: That’s one way of quickly cleaning up the books and getting some cash out…note as the smartest man in Thailand reminds me “Back when was I banker I pitched this idea 10x to them”  from 2010-2018.

SAV’s in talks Cambodia authority to revise up fee for Air Navigation Service Provider (ANSP) from increased traffic at 2 new airports, mulls tapping in Laos to expand coverage.

SIS anticipates big jump this year driven by surged demand for IT equipment as Microsoft shift Cloud Data Center to TH, expects demand for PC upgrade accelerate on introduction of new class window PC, Copilot+ PC designed for AI, capable of 40+ trillion operations/sec.

Comment: Thailand is getting f all from the AI Trend…Singapore, Malaysia, Indonesia and Vietnam are going to get it all.

CEO of the Cannabis Medical Industrial Estate Association of TH said government’s plan to relist cannabis as illegal drug will cause a Bt27b loss to the local cannabis industry.

Comment: Let’s do a background check of this association, according to a friend that went through the Thai budget, the increased healthcare costs to the country as a result of children, teens and young adults being negatively impacted by cannabis smoking is an additional THB 12 bn for FY24, and this is just after a year of cannabis being sold everywhere. GFY. If the CEO is genuinely going to be focused on the medicinal aspects, it’ll be fine.

Asset Plus Fund shuts fixed income fund, ASP-DPLUS, due to fierce redemption following EA fraud probe which exceed 2/3 of units sold.

Comment: EA paper was only 4% of that fund…unlucky…(Note: I’m biased, as I think that the Asset Plus team is one of the best active AM firms in the country)