Market research on Thai Stocks in the SET Index
AAV said overall Chinese arrivals this year will be closer to 6m, after only ~1.5m recorded in 1Q, and vs TAT’s target of 8m, urging Government to deal with sluggish Chinese market. Comment: Still not bad given the situation. BKI target FY25 insurance premium +8% yoy to Bt34.2b (motor Bt14.7b & non-motor Bt19.5b), in talks […]
Read More →AAV will add 3 direct routes from BKK (SIA) from Jul 1 to Narathiwat south bordering Malaysia, Surat Thani (mainland port town depart for Samui Island) and Buriram. AMATA sets FY25 industrial land sales target at 3500 rai or 1,400 acres, +15% yoy, 50% out of 8,400 acres backlog scheduled to transfer this year, ensuring […]
Read More →Alpha Chartered Energy emerged as #4 top holder in BCP at 7.1426%, after buying 4.5687% or 62.9m shares from Capital Asia Investments on Mar 19. Comment: Yeah they’re just swapping shares amongst the same people – there’s a funny money game going on here. BGRIM reports cod-ed of 14mw solar project in Japan on Mar […]
Read More →CPN sets Bt120b capex over next 5 years to invest in new malls in BKK, Nonthaburi & Khon Kaen, will cod Market Place Theparak community mall on Mar 28, followed by Central Park & Central Park offices in Aug and Central Krabi in Oct, revamp malls are set to open later this year including Central […]
Read More →AOT recorded 11.1m travelers @ its 6 airports in Feb, +4% yoy. Foreign tourist arrivals -0.4% in the week ended Mar 16, with 8.3m total YTD, +3.9% yoy. Comment: There is zero issue with tourism to Thailand…and just wait until there’s more capacity available…the issue for AOT is the link to King Power whom hasn’t […]
Read More →AWC sets Bt300b total assets target in 5 yrs, from Bt198.7b end last year, sees new record high revenue this year from 75% OCC rate from 72% last year. Comment: This can’t all from the family’s personal asset portfolio…can it? BOI approved investment applications worth Bt200b, led by BEM’s Bt109b mass transit line and three […]
Read More →Notable Transactions Buy(s) THB 291 mn Sell(s) THB 214 mn
Read More →CENTEL: upbeat outlook after announced hotels & resorts expansion plan at ITB Berlin travel exhibition, will launching new hotels including Centara Indonesia & Nepal, Centara Grand Lagoon Maldives, 2 facelift projects including Centara Grand Beach resort Hua-Hin & exclusive villas under Centara collection plus fully refurbished Centara Grand Beach Krabi and repositioned as Centara Reserve […]
Read More →BANPU’s preparing two gas-fired power plants in the US to capitalize on an upward trend in forward power price within the Texas market, which are expected to nearly double in 2025. BCP: Capital Asia Investments cuts holding by 9% to 4.8612% on Mar 5. Comment: Yes – but it’s been switched between the same parties. […]
Read More →ANAN sets Bt14.5b revenue target this year, from Bt10b backlog recognition, plans Bt50b Phuket project to capitalize in downward interest rate trend. Comment: Is this why it pumped? Isn’t this company bankrupt? And they’re launching a THB 50 bn phuket project on top of the Porsche condo residences on Sukhumvit? How the fudge are they […]
Read More →