ASAP anticipates FY24 turnaround after scaling back rental fleets to 10k vehicles from 20k last year to mitigate impact from heavy depreciation on used car market, diversification to EV dealership business provide cushion. Comment: Shocking…-50% in the fleet? That’s going to hurt the rental market…rental rates are going to go high…(for tourists) CHAYO reported Bt400m […]
Read More →As of writing the Thai Baht just went past USDTHB 37… Well – a decade of military idiots running the country followed by the US jacking up rates = this magical scenario facing Thailand. Friends are now starting to whisper USDTHB 40…let’s see…anyways this means that in USD terms the SET is -13% for the […]
Read More →Notable Transactions Buy(s) THB 5 mn Sell(s) ZZZ
Read More →Week 15/04 – 19/04 Corporate – ctd.vn, gmd.vn, mwg.vn, hhv.vn, shb.vn Financials – ctr.vn, bcg.vn, bmp.vn, hax.vn, gil.vn, ppc.vn, pvd.vn, shb.vn, shs.vn, ssb.vn, ssi.vn Country
Read More →Random Thoughts…given I read a tonne of research papers…notes…etc…I’m going to start dumping thoughts, notes here, will try to source/date…remember don’t invest based upon my ramblings, instead follow the worst piece of advice ever created by the investment industry…do your own homework. Emphasis always mine. Source/date: Tchart (maybe?) 8 April 2024 DMK Duty Free Space […]
Read More →ATP30 sees continued growth momentum in 1Q24, after realizing revenue from 5 new clients with >30 vehicles, 3 E-Bus ready for services, and in talks with several potential clients. M sees 2M24 SSSG negative yoy, margin recover from lower fresh foods costs & costs control, rolls out campaign to boost dine-in upcoming Songkran festive, seeks […]
Read More →PPM: reaffirms solid 2Q supported by robust sales of copper tube and air condition insulation as demand for cooling products grow during summer season, tailwind from turnkey solar rooftop subsidiary, Solar PPM, boost earnings. PTTGC & TOP are expected to recover in 2H from lower interest exp as both buy back & cancellation of a […]
Read More →ADVANC: reported inbound roamer +38% yoy during Songkran fest (Apr 12-15) thanks to surged international arrivals during long holidays; whereas, broadband data usage +15.78% yoy. Comment: GULF could create their own internal Hedge fund to trade off all the data that they can see from ADVANC + THCOM + all the power projects.. BAM: cod […]
Read More →Short week. Earnings season starting…let’s see how bad things are…or not.
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