AMATA sees at least 50% of Bt19b industrial land backlog realize next year, supply chain relocation is expected to continue on US-China trades tension. Comment: Which is remarkable given how low the FDI flow is into Thailand in 2023 and 2024. ANAN: reported share purchase of 49% in Ananada MF Asua Wutthakat from Mitsui Fudosan. […]
Read More →AMATA to wrap up 300-500 rai land sales, boosting FY24 sales to all time high, with current backlog to realize until 2026. Comment: That’s nothing…WHA is spanking them. AUCT to start auctioning of 2nd hand E-Bike and EV, with 30 in 1st lot on Oct 26. Comment: This will set the secondhand price in the […]
Read More →AMATA upbeat FY24 outlook from surged demand for industrial land on improved FDI, margin is expected to expand yoy on price hike, 50% of Bt14b outstanding backlog to realize this year, may see FY24 sales exceed 720 acres target (1,800 rais), will submit filing to list utility unit (AMATAU) by end of year. CENTEL is […]
Read More →AMATA reaffirms solid turnaround, multiple industrial land sales contract pending to sign in the pipeline, 50% out of Bt14.2b backlog to realize this year, price hike at Chonburi & Rayong (Bt11m/rai & Bt4.5m/rai) boost margin. Comment: China + 1 (or as we say…GTFO of China strategy) helps everyone BCP: SSO cuts holding by 0.1106% to […]
Read More →AMATA maintains 200 acres industrial land sales in 4Q23F, keeps 680 acres FY target, Bt10.6bn backlog and highlight that it expects more FDI in Thailand and Vietnam to drive earnings next year. Comment: Compared to WHA they’re still rubbish…but they’ll naturally benefit from the incoming FDI into Thailand. AOT’s president urges Ministry of Finance and […]
Read More →ADVANC: completed acquisition of Triple T Broadband (TTTBB), also completed purchase of invest units in JASIF which now own 19% stake in the fund. The settlement value of transaction adjusted to Bt 28.37b from 32.42b, according to filing. AMATA: completed entire business transfer related to utilities & service biz for industrial estates to AMATA U, […]
Read More →Kia is considering building a car factory in TH capacity 250k units p.a., may sign agreement with government for plant construction as early as this year, Maeil Business Newspaper. positive WHA & AMATA. Comment: Ahhh finally a non CCP related company…. BDMS: holders approved raising foreign ownership limit to 30% from current 25% of total […]
Read More →AMATA: secured Bt150m financial assistance from EXIM Bank to develop 410 hectare Amata Smart & Eco City in Na Toey, Laos. Comment: Laos? For what? No one uses Laos as a real manufacturing base… BAY: Card unit, Krungsri Consumer, reported 1H23 card spending +13% yoy to Bt173b, new loans +6% yoy to Bt44b, keeps Bt350b […]
Read More →ACE to expand private PPA, sees growth there, to sign PPA for 18 alternative energy power plants by Oct, boosting capacity to 112.73MW. AMATA reaffirms 2,250 rai land sales target, entering high season, sees no impact from political impasse, as long as it’s peaceful. ITD with China Raiway jv won Bt9.34b railway construction contract in […]
Read More →AMATA to build its 2nd TH-Chinese IE in Rayong, valued at Bt2b, to serve mainland investors and support EV and battery manufacturing pjs. Comment: Sigh….I just hate that this is the direction the country is taking. But hats off to Amata, they’ve been able to capture the Japanese and now the Chinese manufacturing co’s expanding […]
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