ASAP expects car rental demand to accelerate from July on the back of new domestic travel stimulus. Its Changan EV dealership business is gaining traction, with Deepal S05 deliveries beginning this month. Comment: Well….or are fears about the Neta going under dampening consumer sentiment on the Chinese brands? (exclu BYD perhaps?) BBL and KTB are […]
Read More →BBL: 1Q net profit @ Bt12.61b +19.8% y/y, beat Bt11.35b consensus, better than expected non-NII & lower than expected LLP able off set sluggish loan and soft NIM at 2.89% vs 3.06% y/y due to rate cut impact & effort to restructure debts with interest haircut after NPLs repeatedly relapsed. Comment: Oh – the banks […]
Read More →AURA upbeats 1Q earnings from robust sales of gold jewellery ahead of CNY, expects positive momentum continue thru valentines in Feb, sees growth from gold for cash biz as banks stringent on credit approval. Comment: It’s the financing arm of AURA that is fantastic…. BANPU anticipates solid 1Q supported by strong natural gas price, keeps […]
Read More →BEM reaffirms big jump 4Q supported by higher MRT riderships yoy, sees Oct traffic +7.2% yoy to 444k/trip/d from Book fair and cod-ed of One Bangkok mixed-use project on Oct 25, upcoming Red Cross Fair at Lumpini park Dec 11-22 & new year countdown are expected to increase traffic, recent fare hike on Jul 1 […]
Read More →AOT upbeats 1H earnings (Oct24 – Mar 25) from higher flight slots for winter schedule thru 6 airports under mgt at 370,239 flights +22.1% yoy (int’l 222,780 flights +33.1% yoy; domestic 147,459 flights +8.5% yoy), higher revenue from PSC aft raised international passenger to Bt730 from Bt700 & Bt130 from Bt100 for domestic since Apr […]
Read More →BBL: 3Q net profit @ Bt12.47b, +9.9% yoy, beats Bt11.44b consensus, thanks to better than expected NIM, investment gains and strong non-NII recovery, lower LLP qoq. Comment: Balance sheet is average still…but if BBL is struggling…just imagine how everyone else is doing… CRD sees strong 4Q driven by waste collection biz in Chiang Mai and […]
Read More →AOT: ITA Airways extends direct flights btw Rome-BKK beyond winter schedule that end on Mar 27, 2025 to offer year-round service. Comment: Death of tourism blah blah, this is thailand, I saw the phuket tsunami disaster first hand and tourism increased 10x. BBL & KTB are expected to benefit from lower NPL after Thai Airways […]
Read More →BBL is expected to benefit from jump start investment and global recovery as overseas loans account for 26% of loan book, 28% of total loan came large corporate clients while working cap loans account for 44% of total loans should enjoy positive impact from economic recovery. Comment: It is fascinating to see that BBL arguably […]
Read More →ADVANC keeps 13-15% revenue growth target this year, 14-16% EBITDA, emphasizing on efficiency amid economic uncertainty. Comment: That’s not a disappointment…they’re going to destroy us (lowly consumers) BBL’s exploring virtual banking opportunities as it transitions to digital banking services in response to changing customer behavior. VGI, a unit of BTS Group, indicated its interest in […]
Read More →BBL reports Bt11.81b 2Q24 Net profit, +4.5% yoy, on rise in net interest income from rising yields on earnings assets and growth in business loans, beats Bt10.77b consensus. BBL signed MOU with BEM to provide project funding for Bt139b orange line MRT project. Comment: Oh You’re saying that focusing on the core business and not […]
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