CCP sets 3 year CAGR at 10%, on core business and cost control, with Bt1.6b backlog to gradually realize, eyes Bt2.5b worth of new project, targeting 50% success rate, and firms on Bt3.3b revenue target this year. Comment: A smaller construction material provider…nothing too attractive here on paper… CENTEL sees hotel business growth at 20% […]
Read More →Notable Transactions Buy(s) THB 510 mn Sell(s) THB 175 mn
Read More →AAV’s upbeat FY24 outlook from higher traffic from international route on visa free policy, new routes to Shianghai, Kaohsiung & Okinawa, target 20% FY revenue growth, cabin factor within 90% range, 20-21m FY passenger target. Comment: It’s going to continue getting better. The only q for AAV is how much of the increased costs can […]
Read More →BEM reported 5 tranches of bond total Bt5b sold out, 5.2x times covered, pays 3.07-4.05% p.a., will use proceed to refinance Blue line MRT project. Comment: Strong players are going to be perfectly fine. Look at that cost of financing, it’s peanuts. EA expects to wrap up big-lot EV orders by end of 1Q, target […]
Read More →ADVANC: Central Admin Court dismissed National Telecom (NT)’s petition to claim Bt16.2b additional revenue share from roaming service from ADVANC. NT is eligible to file an appeal within 30 days. Comment: There goes the neighbourhood gents, privatisation of all decent assets in Thailand continues. BBL: collaboration with OR to provide green loan, Bualuang Green Solar […]
Read More →ASAP reaffirms big jump 4Q supported by robust car rental on holiday season, S-Curve from 51% holding in Changan EV dealership business (Eternity@One), expects 1k vehicles bk during 2 week event, Motor Expo 2023, Nov 30-Dec 11, firms on Bt3.8b FY revenue target, will add 45 showrooms next year. Comment: I’ve enjoyed my conversations w/ […]
Read More →ADVANC: 3Qnp at Bt8.14b, +35% yoy, beats Bt7.36b consensus, strong SIM & devices sales, improved service revenue from broadband, larger 5G subscribers at 8.5m (eo-3Q) +54% yoy, lower depreciation & SG&A boost earnings. Comment: Less comp, reopening, low base comp, simple story AOT: Lufthansa redeploys A380 on direct service between Munich and Bangkok (SIA), the […]
Read More →AAI reaffirms 2H turnaround driven by recovery PET foods order from overseas clients aft excess inventory jitter eased, 1 new client (private label) on board, expects margin widen from lower tuna price, higher utilization rate and tail wind from weak THB. Comment: So…take the bet before earnings…or wait and see… CPN sets Bt600m promo budget […]
Read More →AKR anticipates positive earnings momentum continue thru next year driven by rising demand for transformer from property & solar rooftop project, aims to fill EPC backlog from Bt300m current bidding, 50% out of Bt350m backlog to realize this year, maintain 15% FY revenue growth target. Comment: The demand for transformers and substations are going to […]
Read More →ADVANC has awarded GULF a 16.5MW solar PPA contract for Bt532m under 10-25 year period terms for data, contact, switching centers, base stations and transmission node buildings. Comment: Well, this is becoming left pocket, right pocket. B.Grimm weighs stake sale in Thailand BANGKOK POST: LONDON – B.Grimm Group is considering selling a minority stake in […]
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