New Banpu debuts on first trading day after merger completion

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Summary · why it matters

The new Banpu made its trading debut today after the amalgamation between the former BANPU and BPP was completed on 31 July 2026, resulting in a new public limited company under the name Banpu Public Company Limited. All assets, liabilities, rights, duties and responsibilities have been transferred by law, with no disruption to business continuity or partner relationships. Meanwhile, Thai Union Group reported second-quarter 2026 results reflecting tangible strategy gains, with a record-high gross profit margin, sales volume growth for the tenth consecutive quarter, and a dividend per share increase of over 14%. The board approved an interim dividend of 0.40 baht per share, up 14.3% and the highest since 2022, representing a dividend yield of 3.4%. The prime minister has assigned the deputy prime minister for legal affairs to review the royal endorsement process for the NBTC chairman, stressing that everything must follow the law and that no one has discretionary power above it. In logistics, TPL has undertaken a major group restructuring effective 1 August 2026, clearly separating the roles of the parent company and operating entities, along with new executive appointments. EASTW received a buy recommendation from Kasikorn Securities with a target price of 6.70 baht, as the market has yet to fully price in growth potential from the data centre theme, given its extensive water pipeline network and high production capacity relative to peers, positioning it to capture new water demand flowing into data centres.

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