AURA sees solid growth in 2H24, on higher margin between domestic and global price, while elevated gold price had more than helped low seasonal in 3Q. Comment: It’s not a true gold play, it’s a gold financing/retail play with low NPLs BTG sees continued momentum in 3Q earnings, on higher swine price and lower animal […]
Read More →BTG’s subsidiary, Betagro Food, acquires HK listed Eggriculture to gain exposure on fresh egg & egg products distribution in Spore. CIVIL signed construction contract for Huai Chalom reservoir project valued at Bt711.7m. COM7 changed the period for ending share repurchase program from original date of Jul 1 to Dec 31, revised to Jul 1 to […]
Read More →AUCT: sees robust traffic thru auction yard upcountry, seeks to expand network to accommodate >48k vehicles p.a. Comment: They are minting it! BTG mulls up pet food production capacity to 110k tpa to fill local & overseas demand, launches premium PET food (Perfecta Holistic Grain Free) to boost sales, target 10% CAGR over the next […]
Read More →ADVANC reports 1Q after closes, Bt7.22b consensus, on higher ARPU. BTG sets up Betagro Ventures a new corporate venture arm to incubate new food and agriculture tech ventures, expecting to spur innovation across its ecosystem. Comment: They’ve run out of ideas.. BGRIM sets up B.Grim Power Future Solution (BGPFS) to jointly invest in 80mw solar […]
Read More →BTG: target 5-10% FY24 revenue growth supported by improve swine sales volume & selling price, lower SG&A after revamp distribution channel & cost control. Comment: Usual story…play the margins. When margins are rubbish …wait 6-12 months. Bottoms.. buy…wait..margins expand….sell..usual. CHG: targets 15% FY24 revenue growth supported by strong volume from both local & international patients, […]
Read More →ANI sets 25-30% rev growth target next year on higher airlines partners to cover Europe, with supports from shareholders, III and SKY, while SJWD mulls taking a majority stake. Comment: I do like the business here, it was the main value driver for III. ASW revised FY23 launch plan to 15 project worth Bt 30.26b […]
Read More →AOT: Transport Minister mulls propose Royal Thai Air force to obtain vacant flight slots to accommodate commercial flights on an upcoming high season. Comment: As Queen ML says “this looks like they’re getting ready to announce a huge capex for AOT” CPF & BTG are expected to turnaround in 4Q as domestic swine selling price […]
Read More →ALT wins e-reading meter project from Provincial Electricity Authority (PEA) valued at Bt300m. BAM reported Bt22b NPA acquired in 1H, seeking board approval to buy additional Bt33b in 2H, mulls expand distressed assets management in CLMV & Malaysia. Comment: There’s no point expanding to countries where the legal jurisdication isn’t set up for distressed assets […]
Read More →BTG anticipates recovery margin 2H on improving chicken & swine selling price on seasonal exports, improved domestic selling price following crackdown in illegal import meats, eased pressure from feedmill costs as price topped out early this year, firms on 5-10% full year sales growth target. Comment: Could be time to relook at all the names […]
Read More →CPANEL reported 6 contracts signed in May to supply precast concrete (4 horizontal, 2 vertical) total Bt263.8m, lifting backlog to Bt1.311b, mulls expand capacity by 25% to 990k sqm. by end of 3Q to expand wider range of products. DMT sees daily avg tollway traffic QTD at 98k trips/d driven by recovery air traffic via […]
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