ASAP sees earnings bottom out 1Q, expects strong car rent in 2Q from demand for distance travel on long holidays & domestic tourism stimulus, seeks to expand corporate car rental to balance revenue mix, target 3k used cars sales this year from 1k units in FY20, will add 5 outlets of ASAP select from current […]
Read More →ASK announced RO 175.95m shares 2:1 at Bt17/shares for existing holders, XR April 27. Comment: Wow, thats quite substantial, this explains the stock dropping today by ~10%. Then again post recap, it’ll have a cleaner balance sheet, able to expand etc etc, same story different co. BGRIM sets EBITDA margin target at >30% this year, […]
Read More →Notable Transactions Buy(s) THB 5.3 bn SGP – Left pocket, right pocket THG – And he’s still buying shares. Sell(s) THB 5.5 bn SGP – See above COMAN – The Founder sold to the CEO/owner of DNA/More. BGRIM – KEX – Senior management/directors still dumping shares.
Read More →BGRIM: ADB sold 2.01% stake in overnight placement (52,295,200 share) at Bt51.40 – Bt52.40 per share, a discount of 2.5% to 4.4%, by JP and Citi. CENTEL signs 3 hotels, 2 in Vang Vieng, Laos & 1 in Khao Yai, adds 304 rooms in portfolios. Comment: I still think CENTEL > MINT in terms of […]
Read More →AIRA sells 20% stake in leasing unit to NEC Capital, an affiliate of Sumitomo Mitsui Finance & Leasing co. Comment: Just looking at their numbers you can see that the company has to raise capital. AMATA sets 950 rais land sales target next year, sets Bt4-5b capex.BBL, KBANK, KTB and TMB delay plan to purge […]
Read More →AH will turn profitable this year, supported by solid 4Q, expecting Bt5b sales, on par with 3Q, in-line with industry. AH upbeats FY21 earnings from recovery parts orders, will kick-off transfer of Bt1.5b EV parts order next year, eyes 10-15% revenue growth target, margins no less than 10%. Comment: EV isn’t a story for AH […]
Read More →BGRIM signs Bt5.67b green loan with ADB to invest 257mw solar projects in Vietnam. Comment: This group is doing a great job getting capital and projects all over the region. BTS: admin court issue an injunction to MRTA over changes made to the ToR of Bt142.7b orange line MRT after bidders purchased envelopes, maintaining evaluation […]
Read More →ADVANC to boost revenue from digital entertainment app, AIS Play, above Bt1b within FY22, sees opportunity from large subscriptions base. Comment: I use their service ~4x a year to watch sporting events and stream it to my TV (as I did last night with the French Open), I don’t see how normal TV channels survive. […]
Read More →BANPU: completed acquisition of Barnett shale gas asset in the US on October 1, will book immediate contribution from 4Q20. Comment: Urgh….. BGRIM: signs MOU with Provincial Electricity Authority (PEA) to jointly expand SPP, smart microgrid and renewable energy. CBG: expects to report quarterly record high profit in 3Q from increase market share of Woody […]
Read More →AOT awards NWR with Bt9.7b contract to build a 3rd runway, ready for commercial in 2023. BGRIM upbeats 3Q earnings from lower feedstock cost for SPP as gas price drops, recovery demand for electricity from industrial users, to invest 130-150mw windfarm in Korea, gas-fired powerplants in Vietnam total 2,700mw and 250mw SPP in Malaysia, Bt9b […]
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