AOT: to pay extra Bt 243m for state property charges at DMK and regional airports for FY17/18, also expects to pay additional Bt 1.44b for FY19, according to filing. Comment: A small drop in the cash flow making machine that is AOT KTC: may be added to MSCI, upcoming reshuffle announcement on Aug 7, tabloid. […]
Read More →AOT: to set up pre-export agricultural products inspection subsidiary to boost income from cargo-handing services, target cod after new cold-storage facility and prod certifying center completed in 6 months. BAFS: expects earnings bottom out 2Q from Bt 79m charge from one-off employee expense, sees 2H turnaround from recovery jet refueling business and recognition of northern […]
Read More →Electricity Generating Authority (EGAT) to open bid for 45mw floating solar projects at Sirindhorn dam on August 20, SCC, GPSC, SPCG, GUNKUL, WHAUP, EPCO expected to join. New sugary drink taxes structure starts from October 1, drinks containing 6-8g of sugar/ 100ml will be charged Bt 0.3, 10-14g/Bt 1/ltr, 14-18g/Bt 3/ltr, >18g/Bt5/liter. Comment: Which companies […]
Read More →ANAN reports Bt10.915b 1H presales, account for 30% of FY19 target of Bt36b, mulls 8 project in 2H worth Bt27b. Comment: Similar to AP, fantastic presale numbers, if the presale numbers continue on this positive trend then I wouldn’t be surprised to see the sector re-rate towards the end of this year AOT signed contract […]
Read More →AOT to seek board approval for TOR of Suvarnabhumi’s 3rd runway in Jul, seeks new govt to approve its Bt202 development plan, including in new airports in Phuket and Chiang Mai.Comment: I’m not holding my breathe whilst waiting for this to go through DELTA may see 2Q FX losses from strong THB. Comment: All of […]
Read More →AOT to announce winner of auction of duty-free contracts for provincial airports at 10am. Comment: It’s going to be fun! BAY’s Krungsri consumer suspends nano finance lending, Taokaetanjai program, sees NPLs accelerates. BDMS teams up Viriya insurance to provide health protection for upscale clients, seeks to add more insurance clients in portfolio. Comment: The government […]
Read More →Admin Court issued a verdict dismissing claims by TOT against DTAC (Bt246b), TRUE (Bt59.6b), ADVANC (Bt5.45b) on access charges. Comment: And thats a boon to all the major players esp DTAC AOT cut FY19 revenue growth target to 5% from 10%, revised down full year tourist arrival growth target to 5-6% from 6-7% from impact […]
Read More →AOT to open bidding envelop for Suvarnabhumi airport’s duty free and commercial area today, among contenders are King Power, BA and ROH. Comment: And by now we all know that King Power has own for Suvarnabhumi ASAP in deal with SCB to provide low interest rates for used-car HP at 2.79% during promo event at […]
Read More →AIMIRT to buy 4 assets combined worth Bt4.3b including JWD cold storage, TIP cargo warehouse, Siam Chem’s chemical storage and cargo warehouse in Bangkradi Industrial Estates Comment: JWD has a great story, the question is valuation. AOT said repair at Suvarnabhumi’s East runway had been completed. ERW expects earnings momentum remain strong thru 3Q from […]
Read More →AOT said passengers thru its six airports reached 38m in 1Q19, +4.49% yoy, largely driven by a rebound of Chinese arrivals. Foreigners travelers 23.194m +5.3%, domestic passenger 15.539m -1.2% yoy. Comment: Just wait for next year’s numbers, I wouldn’t be surprised to see another +20% jump in Chinese tourists AU target 15% revenue growth this […]
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