AP targets 12% FY25 revenue growth to Bt52.9b, supported by Bt41.62b outstanding backlog, 4 condos worth Bt10.4b (75-80% sold) scheduled to complete this year fuel earnings, sets FY25 launch plan at 42 residential projects total Bt65b (15 SDH, 18 townhome & 6 condos), pays Bt0.6 dps XD May 7.

AWC plans to double its assets to over Bt300b by end of-2029 from ~Bt150b now, will invest ~Bt22b to expand its hotel and other business in 2025, including ~Bt8.7b in Le Concorde Hotel Co.

BSRC’s officially selling B24 marine biofuel to liners, expects sales jump from strong interest from carriers especially JPN.

CK board approved share sales of Luang Prabang Power (LPCL) to TTW for 2.765b, holding will be reduced to 10% from 20% post transaction.

Comment: And this is why CK’s share price is being killed.

COM7 mulls diversifying from mobile & IT retail to cloud service, e-taxi and solar solutions, strengthen ties with Apple & True to provide aft sales service (Apple iCare & True Shop), IT warranty sales under 7Care, eyes 10% FY25 revenue growth target.

Comment: Diworseification?

SCB cuts MOR 25 bps to 7.075%, MRR 10 bps to 7.075% and MLR 10 bps to 6.825% effective Mar 3.

Comment: Aww that’s sweet, BoT cuts rates 25 bps but SCB only reduces the MRR and MLR by 10 bps, the Kings Bank is doing well for its population (of shareholders)

SORKON announced buyback, up to 16.17m shares under Bt81m budget from Mar 3 till Aug 31,2025.

Comment: Haven’t looked at this name for a while – but they are the largest fishball manufacturer in Thailand and do have a great plot of land – though they’ve never sold it since I first met them nearly 15 years ago and I doubt they will….

TSE’s selling 60% stake in renewable jv, Thai Solar Renewable (TSR) to Levanta Renewable (TH) for $53m (Bt1.79b).

Result snapshots

CHG: Bt965m, +8% yoy, missed Bt1.08b estimate.

GUNKUL: Bt1,660m, +13% yoy, vs Bt1,597m consensus.

TKN: Bt836m, +13% yoy, inline with Bt834m consensus.

AMATA: Bt2,483m, +32% yoy, missed Bt2,527m consensus, Bt0.55, XD May 13.

LPN: Bt111m, missed Bt262m consensus, Bt0.05, XD Mar 12.

CK: Bt1,446m, -4% yoy, missed Bt1,804m estimate.

HANA: -Bt634m loss, vs Bt1,760m profit yoy, Bt0.50, XD Mar 13.

CCET: Bt2,602m, +133% yoy, missed Bt3,235m consensus, Bt0.13, XD Mar 19.