AOT expects 92 flights on reopening May 1, psx remains low at 3-4kpd, no plans to cut airport tax. LPN: SSO cut holding by 0.2383% to 4.9791% of total outstanding last Fri (Apr 24), SEC filing. MAKRO upbeats 2Q earnings following debut of mobile app to boost online sales, expects e-commerce continue to grow amid […]
Read More →AWC, KTC, TOA are expected to be added to MSCI Global Standard to be announced May 12, tabloid. BA to resume domestic flights on May 15, starting with 2 flights to and from Samui daily. Comment: The samui monopoly (okok market leader) begins. BTS will increase trains frequency to avoid overcrowded on lockdown easing starts […]
Read More →AOT said remedy packages offering to airlines will dent its revenue this year by 17%, in talks to reduce state prop charges and cutting other costs. Comment: Plus take into account the packages given to renters. Their earnings are gone for the year. CBG will add more functional drink on shelf after sales of Woody […]
Read More →And now the bull and the bears will fight Bulls Its only 2 months lost earnings The recovery is underway globally with multiple economies beginning to open up Liquidity is flush in the system Massive fiscal spending to kick in by June Low interest rates Bears: Still “expensive” valuations The economic destruction will be felt […]
Read More →AAV raised air fares as social distancing requirement cuts capacity by 30%, request soft loans from government. Comment: Well then…so the low-cost airlines won’t be low-cost anymore. This is inflation. JMART welcomes KB Kookmin Card, a unit of KB Financial Group, to take a 50.99% stake in J Fintech, hoping to build on synergy, to […]
Read More →Notable Transactions Buy(s) THB 2.9 mn N/a Sell(s) THB 3.3 mn N/a
Read More →Unemployment soars to 700,000 as factories close : The number of people claiming unemployment benefits has almost doubled to 700,000 people from December last year, with 140,000 registering in March alone. Bangkok Post TAT expects 16m international tourists : Revised outlook a far cry from pre-outbreak target as Vshaped recovery sought. Thailand is likely to […]
Read More →ANAN only able to sell Bt1.169b CD out of Bt4b offering in March 30-April 1, NOBLE sold only Bt480m from Bt1.5b CD offering in April 20-22. Comment: And this is even with the BOT backstopping things? AOT said cannot be part of THAI’s rescue plan, in breach of ICAO principle. Comment: But the rumour mill […]
Read More →AOT sees 53% drop in passengers this year to 66.58m, 44.9% drop in flights to 490K, sees recovery October 2021. KTIS to sell a 5 liter 70% alcohol under KNAS at 7-11 for Bt300, will launch 1 liter at Bt89. MTC and SAWAD are among leasing firms getting Bt5b soft loan each from Government Saving […]
Read More →BBL expects to save Bt7b after revised acquisition terms to lower BV multiples and Indonesia rupiah depreciation. Comment: A slightly low acquisition price and the IDR dropping. BWG’s major shareholder, Komol Jungrungreangkit, raised holding by 0.5219% to 5.2921% last Friday (April 16), SEC filing. Comment: This name is trading so far below BV its ridiculous. […]
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