ADVANC: 2Q net profit @ Bt8.57b, +19% yoy, topped Bt8.43b consensus, thanks to strong operation performance & positive contribution from TTTB consolidation, mobile subscribers reached 45.7m with net add of 644k driven, estimate FY24 capex excluding spectrum at Bt25-26b lower than previous years, benefiting from the acceleration of 700MHz 5G roll out prior year & leveraging of TTTBB larger BB network, pays interim Bt4.87dps XD Aug 19.

Comment: According to today’s notes…apparently management gave a weak outlook for 2H24…I still think they’re going to make bank at the cost of the customers.

CCP’s logistic subsidiary, Charlier Top Logistic Solution, to cod container terminal at Laem Chabang Port by eo-3Q.

DOHOME: 2Qnp @ Bt436m, +47% yoy, beats Bt211m consensus, thanks to robust GPM of 17.5% vs 14% in 2Q23, strong other income +35.2% yoy due to increase of subsidy from suppliers & FX gains.

MTC: 2Qnp @ Bt1.44b, +20% yoy, topped Bt1.41b consensus, NIM fell at slower pace (-892bps yoy, -18bps qoq) thanks to a qoq lesser loan yield decline (-38bps yoy, -5bps qoq) while NPL dropped to 2.88% from 3.03% at end of 1Q thanks to larger NPL write off, LLR/NPL improving from 121% to 125%.

MTC to raise ~Bt5b from new bond sales to fund credit expansion offering 4.3% – 4.95% for 2 to 4 years maturities.

Comment: And you doubted their growth..they’ll easily do 15-20% growth p.a. for another 2 years on the core business.

RATCH reports cod of 74mw Calabanga solar project in Phillipines (49% interest from holding via RH International Spore equivalent to 36.3mw).