ACG to open Fast-Fit auto maintained garage in BKK at end of November, plans to add 12 branches next year tally total to 18, sees benefits from low capex requirement, fast turnover, healthy margins. AOT targets 483k flights, 62.13m passengers arrival for FY22, sees upside potential on aircrafts movement as China will host Asian games […]
Read More →Thai AirAsia (TAA) predicts full recovery for Thai tourism in the next 2 years as international borders will gradually be opened by next year, while passenger traffic has yet to resume despite the country’s reopening on November 1. Comment: Depends upon the definition of a full recovery. But w/o a doubt I still think tourism […]
Read More →ASIAN: maintained 10% FT21 revenue growth target >Bt9.4b, supported by Pet food & frozen food export sales volume as demand grows on improved purchasing power, mulls listing canned tuna & fish meal producer subsidiary, Asian Alliance (AAI), on SET next year. CENTEL sees FY22 EBITDA turns positive supported by recovery F&B operation, expects hotel RevPar […]
Read More →Earnings season over by tomorrow, lots of positive surprises in the IT, bank and property sectors. Expect a post on this by the end of the week. Market wise – protests over the weekend with another protestor shot – but not killed, therefore nothing negative. It’s still a risk in the back of my mind…a […]
Read More →Notable Transactions Buy(s) THB 822 mn SABUY – The owner just signaled to the market that he’s going full steam ahead with his expansion plans. PIN – CEO/family takes a stake via a block, probably left/right pocket. AQUA – Major shareholder takes a block from…? This is such an odd company…its been on the internal […]
Read More →Measures to assist 3 insurers: The Office of Insurance Commission (OIC) approved liquidity enhancement measures for three insurance companies, namely Syn Mun Kong Insurance (SMK), Thai Insurance and One Insurance, to help them pay outstanding Covid insurance claims. Bangkok Post Government slashes contribution to energy conservation fund collected from the retail price of gasoline and […]
Read More →Central Group expressed interest in Selfridge takeover, was working with Citi on deal, SKY news. Comment: They are going to eat the retail world in Europe at this rate, though I don’t see Central group paying above “fair prices” JWD anticipates FY21 revenue exceed Bt5b target after registered rec high for 3 consecutive quarter, will […]
Read More →AAV predicts the aviation business will return to normal within 3 months on condition that more borders in the region reopen with no quarantine and RT-PCR test required. Comment: Define “normal” though yes I am of the viewpoint that we are going to see a strong rebound in travel IF/WHEN pcr tests/quarantines are taken out. […]
Read More →AP reports 10M21 sales at Bt31.2b, account for 88% of Bt35.5b full year target, mostly from SDH projects (Bt28.59b) will launch 12 horizontal projects total Bt8.57b (9 townhome & 3 SDH) for remained 2 months. Comment: Amazed? Shouldn’t be, competition is gone. BEM sees average tollway usage reached 1.2m trips/day while Department of Rail transport […]
Read More →ADVANC sets Bt25-30b 5G capex next year, while AISCB to start lending services 1Q22, penetrating 43m its customer base., sees strong data traffic next year supported by Metaverse trend, roll out bundled 5G handset and air time package to boost market share. Comment: SCB is no longer restricted to its own branch network. Britania, a […]
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