AGE anticipates positive coal sales momentum continue driven by surged demand for electricity, firms on 4.5n tons full year sales volume target, Bt17b full year revenue, will expand logistic & green energy business to reduce contribution from coal business to 50% from 95.6% within 2 years to reduce earnings volatility.

Comment: Global volume of coal sold hit all-time highs in 2023, oh I thought all this hundreds of billions spent on Renewable shit was going to reduce “fossil” fuel usage…nope, idiots.

AOT is await Treasury Dept’s new rental rate for Suvanabhumi to be announced in 2Q24 and effective from 2026.

Comment: There’s some q marks here…

JKN sold half of the Miss Universe Organization (MUO) to Legacy Holding Group USA Inc (LHG), owned by Mexican biz Raul Rocha Cantu, for US$16m (nearly Bt582m), generating funds for JKN’s liquidity and restructuring plan.

Comment: If you’re in the chat…I said this was a multi-bagger play last month…it’s a POS, but even a POS will run before delisting.

IIG forms venture with local partner to expand IT Outsourcing business in Vietnam.

Comment: Finally! It’s 4 months delayed but finally an announcement.

MTC targets full year new loan, +20% yoy to Bt30b, lifts loanbook to Bt170k by end of year, mulls expand collateral-backed loans to balance revenue mix, target full year NPL <3.2%.

Comment: Their FY NPL targets keeping increasing…

NEX upbeats 1Q earnings from delivery of e-truck to clients including Logistic Asia, Coca Cola (TH) logistic provider & Nippon Express Logistic (TH), expects positive momentum continue from delivery of 24 e-bus for Phuket Provincial Admin to serve 3 public routes, reaffirms big jump this year.

Comment: At a dinner event last night…one person told me that they are seeing thai factories shift to using EV Buses to transport their work staff to/from factories. why? Because that’s what their European customers want for the “net-zero targets”

ORI’s hotel project under collab with Japan partner, CIZ Investment, and IHG, Intercontinental BKK Sukhumvit, 34 storey 241 guest rooms on track to cod in Apr, will open 2 more hotels with IHG this year including Holiday Inn Express Phayathai & Hotel Indigo Phayathai.

Comment: I’m just impressed….they keep going and going and going. Fine I’m tossing my hands up in the air, ORI isn’t going under (and now watch them fail after I’ve thrown in the towel…)

SABINA sets 10% revenue growth target both retail, online and OEM, sees record high revenue in 2023, exceeding Bt3.3b in 2019.

SAWAD successfully raised Bt2.69b from selling 4 tranches of bond sales for payment of expiring debt & working cap.

Comment: Looks like a success…

SCC: -Bt1.13b net loss for 4Q23, from cement asset impairment in Myanmar, vs Bt157m profit yoy, missed Bt1.47b estimate profit.

Comment: As my favourite analyst Queen ML says “this is a prime indicator for how badly the thai economy is doing.”

SCI will participate 2 bidding for transmission tower project combined worth Bt700m, will sign Bt440m purchase order for wiring duct & switchboard in 1Q, debuts contractor business to expand downstream, 11mw biomass power plant to cod in FY26.

SPALI sets 42 new launch plan worth Bt50b, all time high), sets Bt36b presales target and revenue, supported by Bt19mb backlog.

TIDLOR debuts sub-brand online auto insurance broker, heygoody, no intrusive with unwanted calls, allows customers to choose products they actually need, seeks for online support whenever they want.