24CS: wins infra work project from ICOCO (TH) valued at Bt75.35m. JPARK reaffirms solid 1Q driven by delivery of parking solution project for State Railway, revenue recognition from Khonkaen airport parking management starts to kick in, larger parking slots under management yoy. Comment: Do love the model, asset light, management fees, makes sense. PTTGC’s board […]
Read More →BTG: target 5-10% FY24 revenue growth supported by improve swine sales volume & selling price, lower SG&A after revamp distribution channel & cost control. Comment: Usual story…play the margins. When margins are rubbish …wait 6-12 months. Bottoms.. buy…wait..margins expand….sell..usual. CHG: targets 15% FY24 revenue growth supported by strong volume from both local & international patients, […]
Read More →Same as every week, all the pain is in the currency. USD/THB nearly -6% YTD… In USD terms Thailand is -8%, well done. Malaysia 2.0 w/ Thai spices – this forecast is, much to my chagrin, becoming truer and truer.
Read More →Notable Transactions Buy(s) THB 376 mn Sell(s) THB 36.6 bn
Read More →Yes, I’m back doing some interviews – it won’t be as often as in the past, but don’t be surprised to see a few finally back on the site 🙂 “Muangthai Capital to be a World Class Thai Microfinance Company” Mr. Parithad Petampai Deputy Managing Director How has the company changed since going public a […]
Read More →Week 18/03 – 22/03 Company ctr.vn. gmd.vn, hcm.vn, kbc.vn, mwg.vn, pdr.vn, pnj.vn, tcb.vn, tcm.vn, vic.vn, CTR VN: estimated, in February, revenue of VND834 bn (+4% YoY) and PBT of VND44.6 bn (-4% YoY). For 2M2024, CTR is estimated to reach VND1,703 bn in revenue and VND94.3 bn in PBT (+9% and +6% respectively YoY), completing […]
Read More →AMATA reaffirms solid turnaround, multiple industrial land sales contract pending to sign in the pipeline, 50% out of Bt14.2b backlog to realize this year, price hike at Chonburi & Rayong (Bt11m/rai & Bt4.5m/rai) boost margin. Comment: China + 1 (or as we say…GTFO of China strategy) helps everyone BCP: SSO cuts holding by 0.1106% to […]
Read More →Bloomberg reports foreign net selling of TH equity at $555.6m yesterday was the most since Dec. 19, 2006. It’s worth noting that was because of the restructuring of AWC which resulted in large crossings worth $500m each on Mar 19 & 20, while UBO remains unchanged. Comment: Well…….the family has to delever…adjust the books, etc […]
Read More →ASAP target vehicle sales >2,500 units from a 2-week event, BKK International Motor Show (Mar 27-Apr 4), expects positive feedback from new launch Changan Lumin EV & Deepal L07-S07 long range. Comment: This will be interesting to follow, EV gov subs are still there but lower, will these oddly named EV cars do well? BKGI: […]
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