BEM mulls opening talk with State Railway on Orange line fare agreement, veto fare cut for 10 years from cod as company, exposes to risk on fluctuation of ridership traffic plus rev sharing to SRT.

GULF acquires 35% stake in 540mw Burapa Power for Bt120m, scheduled to cod in 2027.

Comment: They needdddd cashhhhhh , go through the list of all their projects that they need to COD – GULF doesn’t have the $…stop giving them projects folks…they need a major recap, or asset sale or they’ll be the next company to Thailand to have financing issues. (assuming they leverage up like all the other nincompoops have done..)

KCE’s is expected to report solid turnaround in 2Q, thanks to wider margin from lower defect rate aft revamp production line & lower copper price yoy, strong sales momentum to continue in 3Q from improved PCB demand for consumer electronics, inventory restocking from auto makers.

Comment: Copper prices aren’t exactly lower…

LTS signed procurement & installation contract with OBON Corp for firewall config & installation of fiber runners in data centers total Bt 101.5m.

Comment: …. this is rubbish…

PSL starts LT charter contract with Oldendorff Carriers Gmbh, fixed on 11-13mths at a gross variable rate equivalent to 112% of Baltic Exchange Handysize index (BHSI), weighted time charter average value over previous 15 days, current variable rate stands at about $ 15k/d.

Comment:  That’s a 50% cash margin..

SPA reported 3 spa operating contracts signed with Holiday Inn Resort Phuket, Centara Ao Nang Beach Resort, Centara Anda Dhevi Resort Krabi, starting July & August.

Comment: This is such a great model…now it’s just a question of when to buy..