Panel sets average rate hike at 5%: The national wage committee has finalised hikes in the daily minimum wage by an average of 5.02% and the new rates, which include a hike of 22 baht in Bangkok and its surrounding provinces, are expected to take effect in October. Bangkok Post Export growth rate eases amid […]
Read More →AMR secured Bt214m underground wiring projects, boosting backlog to Bt2.1b, firm in Bt2b revenue target this year, after MOU with AJA into e-bike business, target 30 EV battery swap locations by end of year. AUCT sees recovery traffic at auction yard after Finco’s debt moratorium ended 1H22, hiked entry fee for passenger vehicles to Bt10k/unit […]
Read More →AOT is expected to gain 6.5m passenger after adding 3 airports to management (Udon Thani, Krabi and Buri Ram), translated to 5-6% profit upside, Tabloid. Comment: Thailand’s airport system is actually rather fantastic. Go fly around Europe or the US, a shambles in comparison. BAFS sees clear sign of recovery this year, sets 3,000m liter […]
Read More →AH keeps 30% FY22 revenue growth target, maintains GPM within 10-12% range, strong auto parts orders for new launch models, new clients in Africa & Argentina, improved operation in Vietnam & Malaysia plant and auto dealership business to boost earnings, study new products to shift from chassis production to EV parts. Comment: Should that forecast […]
Read More →AAV confirmed opening of 2 new routes to AU, BKK-Melbourne (3 weekly flights) & BKK-Sydney (4 weekly flights) from December 1 to capitalize on holiday season. Comment: Looks like AAV is going to start eating up the market share from the main carriers. ASIAN announced pre-emptive right for existing holders for IPO subscription of pet […]
Read More →BCH keeps Bt17b FY revenue target supported by recovery domestic & international patients traffic, contribution from social security patients & specialty clinics, upside from Covid vaccine sales as government stockpile depleted. Comment: Not sure why we still need these flu shots… BEC mulls expand in-house studio to boost contents production, reduce costs and save time, […]
Read More →The Fed said nothing new to our ears. But equity markets have their own opinions…movements in this part of the world are going to be (or already) in the currency markets more than the equity markets. Especially Thailand, just look below YTD the SET is only down -0.8%, but the currency is -8% YTD versus […]
Read More →Notable Transactions Buy(s) THB 101 mn KUN – I presume that this is a swap between husband and wife Sell(s) THB 1.8 bn PRINC – Founder dumps 5%, publicly said this is to improve the free float of the shares. And another director dumps shares. TAKUNI – She halves her stake from ~19% to ~9% […]
Read More →E-service tax brings in B6bn: The Revenue Department has collected almost 6 billion baht of e-service tax from foreign operators during the first 10 months of fiscal 2022, surpassing the target by 951 million baht. Bangkok Post Landlords jittery over seizure risk: Government plans to claim vacant plots. Landlords in the hotel sector have raised […]
Read More →Week 22/08 – 26/08 KDH VN BoD has approved the plan to issue VND800bn worth of 3-year unsecured non-convertible bonds without warrants via private placement. Par value will be VND1bn apiece with the fixed rate of 12%/year (interests will be paid semi-annually). The issuance is expected in 3Q22 at the latest. KDH plans to use […]
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