BBL is expected to benefit from jump start investment and global recovery as overseas loans account for 26% of loan book, 28% of total loan came large corporate clients while working cap loans account for 44% of total loans should enjoy positive impact from economic recovery.

Comment: It is fascinating to see that BBL arguably has the best loan book in the country.

BCP to invest ~Bt120b thru 2030 to expand its refinery, gas stations, exploration and power business, with ~Bt50b for new M&A, to be financed by 50:50 debt and cash flow, target 15-20% avg EBITDA growth.

EGCO sees record high revenue in 3Q, supported by strong operation from hydro power plant in Laos, higher contribution from US unit from higher electricity tariff, absence of maintain shutdown, 640mw Yunlin offshore wind farm in Taiwan on track to cod in 4Q.

IVL forms jv with Indian partner, Varun Beverages Ltd, for PET recycling units, plans to cod 2 recycling facilities by end of FY25, target 100k tons of combined annual capacity of recycled PET.

Comment: Bottom in?

MC: eyes double digits revenue growth target supported by improve brand awareness, positive SSSG after revamp existing branches to improve traffic, tailwind from online sales channel, will add 20 stores later this year.

Comment: And then they’ll return to 2016 revenues and profits (both higher than 2017-2023). Not sure how the brand is going to continue competing and winning market share…

RABBIT forms venture with HK partner, Langham Hospitality Group: LHG) to develop Bt6b lux hotel project, The Langham BKK, 78 guestrooms converted from heritage building 1888-built old customs house located on the bank of Chao Phaya River, opening in 2026.

Comment: It’s a fantastic location. Now how is rabbit going to fund this?

SPALI will earmark Bt12.6b for acquiring and developing 12 residential projects in 5 Australian cities, following a decade in which it invested Bt9.7b in 12 projects across 4 cities, achieving 18% IRR on avg.

Comment: Makes sense, australia has a massive housing shortage and that government continues to be rather stupidly socialist giving out $$ to its citizens to pay rent.

Auto hire purchase to see some comfort after BOT relaxes rules, allows joint loans for new, used & refinance vehicles to ease pressure on weak auto market: positive KKP 48% of loan book, TISCO 46%, TTB 30%, BAY 21%, SCB 7%.