GULF TB, a merged entity between GULFI and INTUCH, will start trading on April 3, no cap on ceiling/floor on the 1st day. GULFI TB and INTUCH TB both have been delisted.

Comment: All hail crony capitalism! Or will they rebrand themselves as the Berkshire Hathaway of Thailand that compounds growth on a high single digit basis.

MTC sees positive loan momentum carry thru 2Q on demand for credit ahead of school starts in May as well as demand from farmers upon crops season, aims to keep NPL stable at 2.7%.

Comment: As management has said, “our customers are those that will be always by saved by every thai government”

WARRIX aims to expand proportion of online sales to 25% to reap higher margin than traditional trade, diversify earnings from key clients, adding license & non-license products to boost sales.

Comment: They have yet to prove that they can expand beyond their current market – similar to McGroup – it is what it is.

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