AOT sets Bt9b capex to expand East terminal, adding 66k sq.m. to up SIA capacity to 60m psx p.a. from current 45m, expects to open bid within Apr-May, begin construction in July, target completion within 2 years. AOT’s expected to report after close Bt5.1b 1Q24 (ending Dec 23) consensus. Comment: People forget that AOT had […]
Read More →ASW mulls 3 new horizontal projects worth Bt4.1b, via the Honor high-ended brand this year. Comment: what??? I’m going to have to go through their numbers again, but I thought this propco was on the verge of going under. Thai NVDR said NVDR holding in BBL has reached 23.23%, vs 25% limit. Comment: It is […]
Read More →ADVANC: Central Admin Court dismissed National Telecom (NT)’s petition to claim Bt16.2b additional revenue share from roaming service from ADVANC. NT is eligible to file an appeal within 30 days. Comment: There goes the neighbourhood gents, privatisation of all decent assets in Thailand continues. BBL: collaboration with OR to provide green loan, Bualuang Green Solar […]
Read More →AH sets up subsidiary, Able EV, to expand auto dealership business for Changan. AOT upbeats 1Q24 earning (Oct-Dec23) from passenger traffic thru airports on seasonal, higher capacity yoy after cod-ed SAT-1 on September, higher OCC for commercial area, upside from rent hike. Comment: Having just been to the airport and going upcountry, it still appears […]
Read More →ASW keeps Bt15b FY residential sales target after logged Bt11.784b 9M23, maintain 5 launch plan total Bt11.55b in 4Q. BBL, TTB and KTB are expected to report robust profit growth in 3Q driven by NIM expansion, Thunhoon. Comment: Your deposit rates are up 1% yay! Your lending rates are up +2%….. BCH upbeats 3Q earnings […]
Read More →BBL maintain 4-6% FY loan growth t/g despite +0.6% in 1H, no plan to increase interest rates on both deposits & loans aft 25bps policy rate hiked in Aug, expects working cap demand grows on more predictable interest exp, jump start investment aft govt formed, will continue to grow business franchise in China, sees Chinese […]
Read More →ASAP keeps Bt3.8b full year revenue target, allots Bt2b to add fleet size, expects demand for car rent accelerate after Thailand logged 2nd on AGODA top destination voted by travelers. Comment: Well, it seems to be pricing that in…liked the management and their vision a lot pre c-19, now I’m not sure what they’re up […]
Read More →AOT: Malaysian low-cost airline MYAirline, launched daily four daily flights to BKK (2 SIA & 2 DMK) starts Jul 1, mulls flying from KL to Phuket & Chiang Mai by eoy. Comment: Great to see more competition (as an end-user). BCP expects to wrap up 65.99% ESSO stake buy in 4Q, while insisting that Bt9.94 […]
Read More →ANAN in collaboration with KME Prop to enter Myanmar luxury segment, sets Bt300m presales target. Comment: Are they nuts? Money laundering? Isn’t there a war still going on there? So ANAN is happy to provide Burmese generals an overpriced piece of real estate? BBL to raise lending and deposit rates by 25 bps today, to […]
Read More →AKR upbeats outlook from healthy demand for transformer on power project expansion, tailwind from EPC solar project, seeks to expand via Private PPA to boost growth, firms on 15% full year revenue growth target. AMATA sees no impact from power shortage in Vietnam, with sufficient power gen capacity in 3 of its Vietnam’s IE, sees […]
Read More →