Thai CowsYou start with two cows.You payoff the government to create an oligopoly for raising cowsEventually you become prime minister promising free milkA military coup happens, you leave the country. your children continue to run the cow business Malaysian CowsYou start with Two cowsYou hire a Chinese businessman and keep 30% of the profits, just […]
Read More →BEM reported 5 tranches of bond total Bt5b sold out, 5.2x times covered, pays 3.07-4.05% p.a., will use proceed to refinance Blue line MRT project. Comment: Strong players are going to be perfectly fine. Look at that cost of financing, it’s peanuts. EA expects to wrap up big-lot EV orders by end of 1Q, target […]
Read More →Tourism – It feels like it is performing far better than people realise. Granted I’m noticing this within my bubble of living in the 3S’s (IFYKY), but when you track the AOT figures you are seeing improvements ahead of expectations. Was it just a CNY bump? Or something that will continue on an uptrend, I’m […]
Read More →Note: It still seems to be an incredibly quiet news period. PTTGC t/g chem sales +7-10% yoy on shorter period of maintain shutdown, higher contribution from Allnex on improved demand for coating for auto, metal and packaging, sees FY PE spread higher yoy, set US$150m FY24 capex to increase proportion of HVA products. Comment: Yawnzz […]
Read More →Notable Transactions Buy(s) THB 8.7 mn Sell(s) THB 17.9 mn
Read More →PRM: will takes delivery of 2 vessels (crew boat & AWB) in 1H, upbeat outlook from improve traffic on O&G transport supported demand for travel, support vessels for O&G EP, eyes 10% revenue growth target. Comment: And yet the share price never really ran. TU: bondholders approved change to interest coverage ratio & proposal to […]
Read More →BGC: teams up Singha Corp to acquire 26% stake of Bangkok Can Manufacturing, a subsidiary of JPN Toyo Seikan (TSG), seeks to expand upstream to packaging material, branch out from glass & PET bottle to aluminum can & tin lids for beer & beverages. Comment: Well of course they are “teaming up” they’re the same […]
Read More →CENTEL: is expected to be the main beneficiary from extend Thai traditional holiday to 5-days in Apr after government declared extra holiday on Apr 12 for government offices & state agencies thanks to vast hotels coverage across country, upside from F&B unit (CRG), Thunhoon. Comment: Well no…but fine. EURO: home decorative products distributor, Euro Creations, […]
Read More →AOT: will raise passenger service charge (PSC) from Bt 700 to Bt 730/passenger for international departures & from Bt 100 to Bt 130 for domestic starting Apr 1. Comment: Well that’s an instant bid…. BJC: reaffirms solid 1Q driven by robust sales of consumer goods supported by CNY spending, international travelers, shopping tax rebate stimulus […]
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