ADVANC: 2Q net profit @ Bt8.57b, +19% yoy, topped Bt8.43b consensus, thanks to strong operation performance & positive contribution from TTTB consolidation, mobile subscribers reached 45.7m with net add of 644k driven, estimate FY24 capex excluding spectrum at Bt25-26b lower than previous years, benefiting from the acceleration of 700MHz 5G roll out prior year & […]
Read More →CCP sets 3 year CAGR at 10%, on core business and cost control, with Bt1.6b backlog to gradually realize, eyes Bt2.5b worth of new project, targeting 50% success rate, and firms on Bt3.3b revenue target this year. Comment: A smaller construction material provider…nothing too attractive here on paper… CENTEL sees hotel business growth at 20% […]
Read More →AUCT is expected to report big jump 2H driven by vehicle registration fees thru auction yard, revenue from vehicles transfer and acceleration of traffic from repossesses vehicles purge by financial institution by end of year, Tabloid. Comment: Just go through KKP’s MD&A and you’ll see that there are still a lot of cars to be […]
Read More →BBIK to speed up expansion in Vietnam, boosted by Vietnamese Government’s push for digital transformation, sets Bt50m revenue and oversea revenue contribution to 10-20%. Comment: These companies, BBIK, BE8, DITTO, have to continue growing at a tremendous rate to maintain their valuations.. CCP sets Bt2.5b revenue target this year, Bt1.6b backlog, of which Bt1b will […]
Read More →BAM allots Bt9b budget to add bad debts, maintained Bt17b full year cash collection target, in talk partner to establish jv distressed assets mgt on unsecured loans, inks deal 2Q. Comment: They’re going to have to raise capital, the amount of bad debt/npls that are going to continue coming after this massive rise in commodity […]
Read More →ADVANC: 4Q21 NP of Bt6,863m, -4.2% yoy, +7.7% qoq, topped Bt6,628m consensus, yoy drop was mainly due to a higher cost of service ex. IC of Bt21.7bn (+6% yoy, +1.1% qoq) from an amortization of 700MHz and 2.6GHz spectrum licenses acquired in 2021. Sets FY22 capex within Bt30-35b, target mid-single digit growth for services revenue, […]
Read More →AMATA’s firm on 950 rais land sales and Bt2,157m backlog this year, of which 60% will be booked in 2H. Comment: And here’s a flying pig for you. AMATAV to sell ASCLT 1 and 2 worth Bt2,157m in 2H, sees yoy drop in rev this year from pandemic. Comment: Management has proven that without a […]
Read More →ACE pays Bt851m for 3 biomass powerplants with 26.9MW capacity, with immediate revenue recognition of Bt900m p.a., in talks to boost P2P and boost overall biomass powerplants to 12, 112MW overall. Comment: Decent priced paid. APCO will launch 2-3 health supplement products before end of year, aiming to capture demand from health conscious consumers, estimate […]
Read More →ADVANC launches commercial 5G on mobile phone, the 1st in Asean, offers 5G roaming in Switzerland and UAE. Upbeat outlook from strong data traffic as demand for work from home, allots Bt15b capex to expand network. Comment: I’m hearing the same questions today about 5G as I heard about 3G and 4G. “Whats the point […]
Read More →ADVANC was the 5th to acquire 5G bidding docs, while Cabinet gives greenlight for National Telecom (NT) to participate in the bidding. Comment: I want to see a JAS part 2. AP launches Bt4.7b luxury condo the Rhythm Charoenkrung Pavilion in JV with Japanese partner, plans 4 new condo projects worth Bt12b. Comment: The real […]
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