ADVANC joins partnership with KTB to offer Point Pay campaign via KTB’s Pao Tung app, allowing subscribers to pay for >400k shops registered with KTB, aims to boost net add from incentive package.

Comment: There’s a lot of positives with the Pao Tung app, they’re going to take the market away from Grab, Rabbit, Shoppe, Line, etc etc

BEM reported average MRT ridership in May +154% yoy to 230k trips/day, tollway traffic +56% yoy to 1.04m trips/day, expects positive momentum carry thru 2H.

Comment: What WFH from home trend? All those people forecasting a permanent WFH were wrong, hybrid may work for certain organisations/roles but not all.

CPN, in collab with Etran Power Station, launches launches 1st battery swap station for motorbike at Central Pinkrao.

Comment: I can see EV for bikes. Rode one recently, makes sense due to the short distances…and a major benefit – no engine heat.

PSL takes delivery of dry bulk ship, lifts fleet size to 37 vessels.

Comment: Surprised by this move, but it appears to be a “cheap” acquisition.

EA’s approached by several corps for EV bus/truck fleet replacement due to high oil price, mulls expanding capacity of EV assembly line to fill demand for commercial vehicles.

Comment: YAWN, they’re failing.

SMT reports Bt2.7b advanced orders, with Bt1b pending, boosting 2H earnings, yet FY22 may still miss revenue projection of Bt3b, due to supply chain disruptions.

Comment: They have reduced their targets by -10-15% for this year.

SSP maintained 30% FY22 revenue growth target driven by higher solar portfolio yoy, will book Bt 230mw gain from disposal of JPN solar projects in 2Q, mulls invest in Vietnam, waiting for clarity from new power development plan (PDP), target 500mw capacity by end of FY25.

STP: paper packaging co., Sahathai Printing & Packaging, debuts 25.4m shares at Bt18, KGI leads.

Comment: PUMP