Stocks in the news (aot, bbl, ktb, thai, sak, qhpf, ttcl) 17.10.24
AOT: ITA Airways extends direct flights btw Rome-BKK beyond winter schedule that end on Mar 27, 2025 to offer year-round service.
Comment: Death of tourism blah blah, this is thailand, I saw the phuket tsunami disaster first hand and tourism increased 10x.
BBL & KTB are expected to benefit from lower NPL after Thai Airways exits from rehab in 2025, revaluation of THAI shares may open upside on rerating.
Comment: Thai airways is going to pump so hard…
SAK’s board approved disposal of 49.22% holding in renewable venture co, Saksiam TB Energy (STC) for Bt31.5m, will use proceed to fund working cap for wholly owned renewable co., Saksiam Solar Energy.
QHPF reported reopening of Boulevard hotel under new name NH Bangkok Sukhumvit Boulevard on Oct 15.
TTCL wins EPC contract to develop Laos Green Hydrogen Valley project in Pakse, Laos valued at Bt1.2b.