AKR reaffirms solid 2Q from Bt100m transformers sold to GULF, tailwind from maintenance contracts, majority of Bt1.5b outstanding backlog to realize in 2H, maintain 10% FY revenue growth target.

Comment: Transformer sales should go higher given the fact that Thailand is putting more rubbish renewable energy into the grid…

ASW reported 1H24 residential sales , +35% yoy to Bt10b, account for 60% of FY sales target, maintain 2H launch plan 6 project total Bt11b.

BANPU’s unit, BKV, reported sales of assets in BKV Chaffee Corners for $106.7m, and divest non-operated assets in BKV Chelsea for $25m total $131.7m (Bt4.834b) will use proceed to scale up operation in its core operated high-return assets.

RS: board approved par split from Bt1 to Bt0.5, seeking holders approval on Aug 8.

Comment: For what? There’s no story line, there’s nothing, you do a stock split when the business is improving, the stock is cheaper but moving upwards, the EPS is on a upward trend then THATS when you do a stock split. Get more shares (on paper) moving and this attracts more retail investors then more insti investors as your market cap goes up…you don’t just do a stock split for $hits and giggles…

SAK expects loan demand pick up in 3Q driven by agriculture sector on crop season, keeps Bt1.8b FY new loan target, 15% loan growth above Bt14.3b by end of year.

Comment: Some moves are being made in this sector…have a look around