BCP’s unit, OKEA, acquires 28% stake in Equinor’s Statfjord O&G EP area for $220m, expects to increase production to 13k-15k boepd in FY23 & 16k-20k boepd in FY24, transaction is expected t be complete in 4Q. Comment: Could this be a decent refinery play now? Given that we only have BCP and TOP could be […]
Read More →AH targets 10-15% FY23 revenue growth, margin within 10-12% range driven by parts sales on both domestic & overseas, new orders from EV manufacturing relocations, sets Bt1b capex for plant upgrade & maintenance. BTS is confident Yellow and Pink lines will start commercial operation this year, adding Bt2b revenue. Comment: The political mudslinging here has […]
Read More →BBGI is expected to benefit from higher ethanol & biodiesel sales volume & utilization rate driven by BCP’s larger stations network post ESSO deal. Comment: And wonderfully squeezing KSL Group. BCP expects its buyout of ESSO for Bt55.5b to pave the way for higher revenue, gaining a larger market share in the oil retail business […]
Read More →AEONTS reported 3Q22np (end of Nov 30,22) at Bt1.42b, +35% yoy, topped Bt984m consensus, new loans 3Q22 +17% yoy, lifted 9M +29% yoy, recovery consumption & tourism boosted card spending. Comment: Just fantastic numbers. BCP board approves plan to take over ESSO, pending shareholder approval, pushing refinery output to 250K bbl/day and maintaining #2 retailer […]
Read More →BCP said no conclusion to report takeover of ESSO, while the latter offered no comment. Comment: ESSO has been a potential takeover target in the news for the past decade, I think this is the 5th time I’m seeing it. JMT sets Bt10b capex to add bad debts this year from current Bt300b under management, […]
Read More →AOT sees turnaround in profit in 1Q23 (ending Dec 22), as pax recovered to 70% to 270K/day. BCP sees continued growth in EBITDA, supported by BCPG-OKEA expansions, sets Bt45.6b capex, expects strong 4Q on seasonal. CBG mulls listing convenience store subsidiary, CJ Express, as soon as next year, aims to raise US$500m for stores expansion. […]
Read More →AWC and CRC are added to MSCI Min Volatility Index, while OSP had weighting increased, effective Nov 30. Comment: WTF is this index? BCP sets Bt200b capex to boost green business and gas, target Bt70b EBITDA in 2030, from current Bt40b. CK is close to signing Bt210b Luangprabang project this year, while falling steel price […]
Read More →BCP: subsidiary, OKEA ASA, completed 3 O&G fields transfer from Norway O&G operator, Wintershall Dea, will realize revenue from November 1. Comment: Not sure on the pricing, but it’s going to be a great few years for O&G (main risk is if the american government allows o&g firms to start drilling again….) BH: cod-ed corneal […]
Read More →AJ board approved procurement plan under Bt1.1b budget, to buy BOPP film machineries & equipment from EU & JPN for regional expansion, aims to capitalize on weak currency. AMARC: food & agricultural inspection laboratory, Asia Medical & Agricultural Lab and Research Center, debut IPO 120m shares at Bt 2.9 apiece. Comment: Now here’s your typical […]
Read More →BAREIT: BA Airport Leasehold REIT, debut IPO 1.03b units at Bt 10 apiece, KBANK leads & KASSET trustee. BCP ramps up Oil & Gas EP investment in Norway via flagship venture OKEA drilling co (45.7% holding) as 1H22 OKEA revenue +148% yoy to Bt 10.2b boosted by geopolitical conflict, rising price and increasing global demand. […]
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