Thai financials have been smacked even though they aren’t linked to what’s going in Europe and the US, though when people ask me what I think is the weakest bank, I point to SCB, they have the largest exposure to hotels and mortgages of all the banks on their books, and their customers can’t pay […]
Read More →Week 20/03-24/03 Tickers: eib.vn, fmc.vn,mfpt.vn, hpg.vn, msn.vn, mwg.vn, nt2.vn, nvl.vn, pnj.vn, pvt.vn, tcb.vn, vhm.vn Company EIB VN: sets a target, in 2023, total assets of VND210,000 bn (+13.5% YoY), capital mobilization of VND165,000 bn (+11% YoY) and PBT of VND5,000 bn (+34.8% YoY). Comment: That’s an aggressive target set by this bank FMC VN: sets, […]
Read More →Notable Transactions Buy(s) THB 265 mn Sell(s) THB 159mn
Read More →ASAP: upbeat outlook from strong car rent demand on the back of domestic tourism stimulus, surging tourists arrival, allot Bt2b budget to expand fleet size, eyes Bt4b full year revenue target. Comment: It’s not for the Chinese to rent, the real tourists that spend money on this are already back to Thailand and you’ll begin […]
Read More →3BB is having liquidity issue and short on rental payment to JASIF, may lead to contract restructuring.Comment: Great quality eh? AIS is buying themselves a great asset… AOT board approves Bt36b 3rd phase development at Donmuang Airport, design to complete in Oct and bidding start in 4Q23, target 40m passenger vs 30m now. AURA targets […]
Read More →BCP’s unit, OKEA, acquires 28% stake in Equinor’s Statfjord O&G EP area for $220m, expects to increase production to 13k-15k boepd in FY23 & 16k-20k boepd in FY24, transaction is expected t be complete in 4Q. Comment: Could this be a decent refinery play now? Given that we only have BCP and TOP could be […]
Read More →ADVANC upbeats earning outlook from improved ARPU on eased competition, higher revenue from sim sales on surging tourists arrival, maintain mid-single digit revenue growth target, broadband M&A with TTTB expected to complete by end of 1Q. Comment: And voila…we have 3 players now (yeah yeah I know it’s only 2 NT doesn’t count, but on […]
Read More →AUCT upbeats on surging traffic thru auction yard driven by declining used cars price and larger volume of repossessed vehicles as banks clearing up NPLs. Comment: Urgh…was looking at this name again 2 months ago and it just jumped…well positioned to benefit from the higher number of vehicles going through their system BCH sees big […]
Read More →Ouch, so a few banks are going, the Swiss are down to 1 chocolate financier, and the only name keeping the SET high is DELTA, strip it out and it’s below 1,500. So the question is when can we start nibbling again? Don’t know, let’s watch and see….It also looks like the election date is […]
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