DELTA’s 1Q25 earnings topped, Bt5.49b NP, +27% yoy, vs Bt5.33b estimate, rev Bt42.74b, +13% yoy, vs Bt41.48b estimate, robust growth attributed to accelerating investment trends in AI teaches, alongside ongoing advancements in digital techs and high-performance computing capabilities.

Comment: Still knocking it out of the park – I’m just impressed…

GLOBAL rpted Bt622m, 1Q25 NP, -14% yoy, vs Bt612m consensus, board approved establish of subsidiary to diversify from construction materials & hardware to household appliances and home decoration producers.

MINT expects interest expense significantly drop this yr aft TRIS upgrade corporate credit rating to A+ from A and BBB+ to A- for perpetual bond, stable outlook, 2Q earning is expected to recover as RevPar improved from low season of hotels in EU in 1Q.

Comment: “We are overleveraged but love us” “We have reclassified our debt as equity and voilaaa”

PTTEP target 2Q petroleum sales volume pick up to 500k-505k boepd on absence of maintenance shutdown in the quarter, expect FY average oil price move within $ 65-75/bbl.

Comment: Maybe in 4Q oil prices could move again.

SAMTEL eyes bid for Bt20b worth of project in 2-3Q25 with high confidence of winning, Kaohoon quoted industry source, to produce ~Bt1.8b p.a. recurring income over next 10 yrs from 2027.

Comment: They haven’t been able to get back into the government projects as solidly as they were in the past.

SUSCO forms 3 parties venture with U Swap, a subsidiary of US listed EV solution (UCAR), UNEX EV B.V and a member of CP Group, Chatchaval Jiaravanon, to expand EV infra biz.

Comment: His cheeky moustache seems to be everywhere.