CRC sets Bt1.6b capex for 2024-27 to expand Tops supermarket, to become largest supermarket in the country with >1,000 branches.

Comment: Step aside IVL, there’s a new cookie munster in town.

NSL maintains 19% FY24 revenue growth target from Bt4.8b last year after logged Bt2.76b in 1H, 3 key businesses (fresh bake bakery & foods, food services, OEM & trading) are expected to perform well in 2H, Bt84m debt burden will be free at end of Aug, sets Bt500m capex to expand bakery production capacity by 60% to 2m pieces/d, target cod by end of FY26.

Comment: I do want to love this company.

OSP sets Bt1b capex to expand canning unit to accommodate product line expansion (energy drink & functional drink) as well exports sales both carbonated & non-carbonated drinks, lifts capacity to 300m cans p.a. target cod 4Q25.

Comment: They’re not growing as well as CBG, owner structure and drive is very different.

TU revised up FY24 sales growth target to 4-5% yoy from 3%-4% prior, sees positive momentum thru 3Q on eased jitters on container shortage, improved demand for frozen & chilled seafood from frozen & chilled units from US & middle east, tailwind from pet food & HVA products, lower SG&A HoH, low raw material cost in stock and lower interest expense boost earnings.

Power producers & Airlines are expected to benefit from favorable FX as THB appreciated by 6% within 3 months vs USD, positive BGRIM, GULF, GPSC, EGCO, BA, AAV, THAI.

Comment: From a USD perspective Thailand’s stock market has been one of the better performers.