Stocks in the news (aav, advanc, aot, ktb, or, scb) 02.08.24
AAV boosts flights from Phuket to Chennai & Kolkata effective Oct 27, tally to 12 cities in India 67 flights/week, sees room for growth as over 1m Indians visited TH 1H24, rolls out Airbus 321neo long fuselage narrow-body to save fuel costs, increase range, more payload.
Comment: Y’day they shut down HK, today they open up India to Phuket, and there you go…
ADVANC selects Oracle Alloy, a complete cloud infra platform, to build AIS cloud, the 1st locally owned & operate hyperscale cloud, access to Oracle Cloud Infra services including AI capabilities. Oracle is the only hyperscale capable of delivering AI & a full suite of 100+ cloud services across dedicated, public & hybrid environments, anywhere in the world.
Comment: Telco’s aren’t the same businesses as yesteryear
AOT: China Eastern Airlines will resume 3 weekly flights from Yantai in northern Shangdong to BKK (SIA) aft suspended since Feb 2020 as outbound group travel recovers.
KTB’s confident of achieving a 3% loan growth target this year, despite a contraction in 1H.
Comment: Means what…+1.5% GDP growth for thailand this year?
OR awards Amazon Café master franchise to Bashundhara Group in Bangladesh, with 1st store in 4Q, and 100 stores Long-term plan.
SCB is expected to be the most beneficiary from BOT plans to relax LTV on mortgage as it has the highest proportion of mortgage in loan mixed.
Comment: They’ll benefit by not going bankrupt. How is that CFO sleeping at night?