BPP in talks to buy gas-fired power plant in the US by end of 1H, mulls 25-30% stake of the project, sets $ 500m capex between FY24/25 for M&A and energy project, target 5,300mw by end of FY25 (4,500mw fossil & 800mw renewable) from current 3,632mw & 385mw.

GUNKUL upbeats earnings visibility from Bt4.8b backlog pending to realize, will book Bt300m revenue from solar telecom posts for AIS in 1/2Q24, expects to secure additional Bt2b backlog from EPC solar roof project this year, tailwind from renewable & equipment trading to boost growth, firms on Bt9b FY24 revenue target.

Comment: There’s still that massive overhang on the shareprice re the land deal.

IP scraps plan to buy 70% stake in neuro rehabs equipment distributor, Metta Medtech, as agreement on conditions for investing couldn’t be reached

PTT’s subsidiary, Arun Plus, establishes 2 subsidiary units to operate auto dealership for Geely-backed EV brand Zeekr & Guangzhou Xiaopeng Motors (XPeng) in Thailand.

Comment: Lets see if a Thai SOE can actually perform…

TIDLOR sets 10-20% loan growth target, 1.4-1.8% NPLs, to expand insurance business.

Comment: I’m still amazed that people think there’s no loan growth potential for firms like TIDLOR, there’s plenty of demand, it’s just a q of risk/return/ltv for these players

TRUE’s management sees returning to profit this year, from mobile, household internet, contents, digital business, lower costs from DTAC merger, boosting EBITDA growth every quarter, to join bid for 850, 2100, and 2300 bandwidth and with partner for virtual banking license.

Comment: Can we defend a 9thb/share target price? Definitely, until 1Q24 earnings come out and reality bites.