AWC signs development and management contract with Marriott International to develop and management the Ritz Carlton BKK the Riverside. BA firms on Bt8b revenue target this year, sees solid recovery in tourism, mulls opening new routes. BEM to source for Bt120b, without resorting to capital increase, for investment in Orange Line, firms on >Bt2b profit […]
Read More →AWC anticipates solid turnaround 2H from recovery OCC & higher room rate, contribution from MICE, 12 hotels on track to open FY23-FY27. Comment: Despite it being one of the larger groups on the mkt, it doesn’t attract as much investor interest. GULF raised revenue growth target this year to 80% from 60%, on rise in […]
Read More →AOT: Civil Aviation Authority (CAAT) reports 27 airlines scheduled to land in Thailand during November 1-5 Nov, 15,230 passenger arrival on the first 5 days where 10,062 passenger straight to Phuket Comment: The YoY %’s are going to be YUGE! AWC: to open 248 rooms Marriot Courtyard Phuket on November 9. Comment: But they’ll open […]
Read More →APCS mulls to sell raw water business in EEC area, focus on core business, metal precision parts for auto, ventilation, optic, medical & solar business. AWC inked deal Nobu Hospitality to estimate Nobu Restaurant at rooftop of Empire Tower, target cod in 4Q, plans to add 1-2 hotels over 5-6 years. Comment: They aren’t acquiring […]
Read More →AWC reports advance booking topped 50% capacity of hotels in Phuket, expects positive OCC carry thru 4Q, eyes M&A to expand portfolio. Comment: Why them? They have scale, the 1 hotel operator/owner is dead (unless they are your favourite boutique). Capital will flow to the big boys. BBL, Sunway, Linklogis will jointly apply for a […]
Read More →*Effective 1 July SET announced SET50 and SET100 rebalance for 2H21: SET50: Ins : IRPC, KCE, STA, STGT. Outs: AWC, BAM, TOA, VGI. SET100: Ins: AAV, ICHI, NRF, PSL, PTL, SINGER, STGT, SYNEX, TKN. Outs: AWC, BPP, EPG, GFPT, MBK, TOA, TPIPP, TTW, WHAUP. sSET: 34 securities consisting of: Seven Utilities and Power pcl (7UP), […]
Read More →Notable Transactions Buy(s) THB 46.6 bn AWC – Just switching from personal holdings to a corporate holding THG – And he’s still buying. DELTA – That’s interesting/odd to see at these levels. MTI – I’m becoming more curious about the old fashioned insurance names…more as an idea re int rates. SA – New IPO, condo/real […]
Read More →Notable Transactions Buy(s) THB 107 bn AWC – Just a switch from personal holdings to family co holdings for this group BH – A BBL family member (remember they are the major shareholder in BH) buying a chunk THG – He’s still buying TFG – So is he! CK – Family member buys a chunk […]
Read More →ACG expects big jump 4Q from recovery sales from new launch Honda City hatchback & City hybrid, upbeats outlook on small & mid-size auto market as consumers prudent on spending. Comment: Love Honda’s but the overall industry trend isn’t that positive yet. AOT sees 47.91m passengers next year, rising to 110.88 in 2022, before getting […]
Read More →Government Saving Bank (GSB) to buy 48.59% stake in AMANAH from IBANK in a Bt2b deal, while playing down a JV with SAWAD in car title loan business due to high capital requirement and may endure up to 5 years of losses, Tabloid. Comment: GSB are idiots. Amanah has no network, no franchise name, it’s […]
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