BCP’s unit, OKEA, acquires 28% stake in Equinor’s Statfjord O&G EP area for $220m, expects to increase production to 13k-15k boepd in FY23 & 16k-20k boepd in FY24, transaction is expected t be complete in 4Q.

Comment: Could this be a decent refinery play now? Given that we only have BCP and TOP could be worth a look…

BEAUTY sets 68% revenue growth target this year to Bt620m, 4% NPM on recovering tourism and cost control.

CI sees 1Q23 hotel booking +60% yoy, expects 2Q OCC reaches 70-80% driven by Songkran long holidays, target Bt900m-Bt1b hotel revenue this year, sets Bt1b capex to develop 3-4 projects in Bkk, Hua-Hin & Phuket.

Comment: The strong listed players are winning and that even includes CI’s hotels? Why for CI? Great brand management.

EGCO sets Bt30b capex for this year M&A to add >1,000MW, boosting total to 7,000MW.

KAMART to add more products to its >1,000 items currently, to launch new brand in Q2 and add more branches from 48 now, to expand overseas from current 14 countries via distributor and JV.

IMH’s holders approved acquisition of 90.77% stake in 132 beds Mahesak Hospital, expects Bt400m contribution p.a., will start to realize earnings from 3Q23.

Comment: Interesting, recycling covid profits into owning a hospital, should help to comfortably defend its current valuation.

ITTHI: household electrical equipment & lighting products producer, Itthirit Nice Corp, debuts IPO 70m shares at Bt3 apiece, Finansia Syrus leads.

Comment: Finansa Syrus continues to pump out all the IPOs

MAJOR: GIC raised holding by 0.0094% to 5.0028% of total outstanding on Mar 17.

Comment: So they liked it when local insti’s dumped major on the news that 1q ad sales are lower than expected.

RPH sees strong 1Q, after heavy traffic 2M23, sets 10-20% revenue growth target, to build 100 beds SSO hospital and beauty care unit, with 2 M&A this year.

TRUE: China Mobile International cuts holding by 2.6237% to 7.8094% of total outstanding on Mar 17.

Comment: Well…no, it’s a function of the merger…

TSE’s 147mw Onikoube Japan solar project on track to cod in 2Q.