BBL reports Bt11.81b 2Q24 Net profit, +4.5% yoy, on rise in net interest income from rising yields on earnings assets and growth in business loans, beats Bt10.77b consensus.

BBL signed MOU with BEM to provide project funding for Bt139b orange line MRT project.

Comment: Oh You’re saying that focusing on the core business and not launching a bunch of XXX businesses like SCB is a good strategy for a commercial bank? Who would’ve thunk’ed it…

BAFS keeps FY jet refueling volume target at 5b ltr, sees earnings bottoming out 2Q on low season, opening 3rd runway at SIA, upcoming China’s golden week in Oct and holiday season in 4Q expects to boost demand for refueling services.

Comment: Part of me wonders if this is worth a punt…airplane volumes are still far below pre-covid levels..

COCOCO sets Bt280m capex to increase beverage production capacity to 398ktpa from current 360k, enable co., to capture demand growth on beverage with pulp products, target cod 2Q25.

DMT expects Don Muang tollway traffic jump aft Thai Air Asia X relocate back to DMK airport from Oct 1.

Comment: Overpriced tollway – Take this concession back.

EPG anticipates 3Q turnaround from improved food packaging sales in the back of several long weekend in the quarter, expects momentum carry thru 4Q on seasonal, eyes 8-10% FY revenue growth target.

ORI upbeat 2Q earnings from better than expected transfer above Bt2.9b, expects positive momentum continue in 3Q from completion of 3 project total Bt6.6b, no issue on Bt1b bond re-payment in Aug.

Comment: Aren’t they cash broke? Oh can’t we say this? Yes ORI is cash broke, leveraged left right and center and yet somehow…somehow still stays alive…

TAN’s subsidiary, HARNN Greater China, to open 1st flagship store in Hangzhou in 3Q, mulls expand 2k outlets & 50 spa franchise within 3 years.

Comment: Interesting…hope it works..