MTC reaffirms solid 4Q24 from improved assets quality, positive momentum from consumer credit & cash collection.

Comment: No matter what the economy is (barring a total crash), MTC seems to always do well, all thai governments bail out their customer class.

SCC reports loss Bt512m 4Q24, -55% yoy, vs loss Bt839m estimate, due to Long Son Petrochem Complex’s performance, which fully realized depreciation, sees improved EBITDA in 2025 due to lower oil price and stimulus from Chinese government.

Comment: Management here should be smacked. They’ve completely mismanaged the company over the past decade, the ridiculous massive capex in Myanmar – a flop, Vietnam – a flop etc etc. But at one point it should pick up….

WARRIX: local VI, Pongsak Thamathacharee, raised holding by 3.3951% to 8.3266% on Jan 27.

Comment: That’s quite the raise. The issue for WARRIX is still their inability to grow beyond the B2G (G = government) business … yes yes football teams aren’t government, but they are….

Education Ministry will give 600k high school students electronic devices, including tablets, laptops and Chromebooks this year, seeks additional Bt29b more for additional 1.2m students next year: positive COM7, ADVICE, CPW, SYNEX, SIS, IT, SPVI.

Comment: I mean…c’mon Shinawatras…this playbook again?

13 large-cap with P/BV below 1X with sizable retained earnings are among repurchase target including PTT, SCB, KBANK, KTB, BBL, PTTGC, TOP, BCP, MAJOR, HANA, STECON, CPN, SAT, citing Kaohoon.

Comment: TTB is the first to announce a sharebuyback, perhaps in 6-12 months, we’ll see more news about this and then all of twitter/x will begin talking about how Thailand is a deep value market a la Japan (hey let me dream…)