Stocks in the news (aot, ba, itd, seafco, top) 20.12.24
AOT: Etihad to open link from UK to 7 Asian cities via its Abu Dhabi hub, will start direct flight to Krabi from Oct 2025 follow by Chiang Mai from Nov.
Comment: Etihad vs Emirates, lfg! tourism will continue to boon in Thailand.
BA sees advance booking from 4Q24 till end of 1H25 +12% yoy, adding 2 aircrafts for Samui route as booking jump 25% yoy, expects FY load factor stays above 80%.
Comment: Tourism tourism tourism.
ITD reported 2 construction contracts signed, comprises of tunnel project for Orange line MRT & Civil works of 3 stations and 2 intervention shafts of MRT Orange line project total Bt17.4b.
Comment: Why? They’re broke…how on earth…whatever TiT.
SEAFCO eyes 10% FY25 revenue target above Bt2b supported by revenue recognition 70-80% of backlog from Orange line MRT (Bang Khun Nont-Cultural Center), aims to fills backlog above Bt3b from current Bt1.8b, expects demand for foundation work accelerated as several of infra project begin construction next year.
TOP’s board approved an increase of the investment cost in Clean Fuel Project (CFP) by additional Bt63.028b and interest during construction of approximately Bt17.922b.
Comment: That’s smacked the share price by -16% ato. Part of me thinks….thats an overreaction given there’s no cap raise.
peter satrapa-binder
AOT, BA, tourism: yes, it’s looking good now but i believe that soon thailand will be at the limit of what tourism numbers it can support. maybe a little bit more than the 2019 peak but not much.
ITD: Connections; knowing the right people? otherwise i believe they would be long gone.