BCH: mulls petition for additional 10k SSO patients quota, roll out One Day Surgery (ODS) service to boost traffic and margins, will cod 2 new hospitals January 1,21 (Vientiane in Laos and Prachinburi), sees less capex next year, eyes 10-15% revenue growth target. DELTA, BAM and COM7 are expected to be added to SET50 for […]
Read More →The Thai cabinet approved a “Special Tourist Visa” (STV) scheme this week in principle. Details are: 14 day quarantine at a certified alternative state quarantine (ASQ) hotel or villa. A minimum 90 days length of stay, 2 extensions of 90-days are possible. Fit to fly medical certificate. Proof of medical insurance covering at least USD […]
Read More →ACE wraps up deal to buy 3 biomass powerplants with 26.9MW capacity from UWC worth, helping contributed Bt800-900m p.a. Comment: I still look at ACE questionably given the fact that the founder is a police general and likely won the contracts through “relationships” but having followed their calls, they are running a professional shop. AOT […]
Read More →ANAN target Bt8b transfer in 2H from completion of 5 condos projects total Bt21b, 7 ready to move in projects 90% booked account for Bt20b. Comment: The question for prop co’s have been 1) GPM impact 2) Shift to low rise vs high rise and how they’ll manage this. BCPG & TEAMG win district cooling […]
Read More →AOT mulls closing some of THAI’s international check-in counter and facilities in accordance with lower number of passenger aiming to curb costs. Comment: Well that took them long enough…with the public announcement re the decline in travelers and no recovery til 2022 in their minds…will they allow King Power to renegotiate? Conspiracy theorists says yes. […]
Read More →CENTEL omitted dividend for FY19 operation after previously declared Bt0.55 dps, preserve cash for hotel operation. Comment: You’ll see a lot of dividend cuts….. EPG sees FY20 (ending March 20) on par with previous year, helped by solid 4Q from lower raw mat price and weak THB. Comment: Again love 1/2 the business, hate the […]
Read More →AOT said remedy packages offering to airlines will dent its revenue this year by 17%, in talks to reduce state prop charges and cutting other costs. Comment: Plus take into account the packages given to renters. Their earnings are gone for the year. CBG will add more functional drink on shelf after sales of Woody […]
Read More →BCH upbeats 1Q revenue from surging Covid-19 test traffic at 100-150 cases/day, firms on plan to open hospital in Aranyaprathet province in May. Comment: I think that most hospitals outside of BDMS and BH are going to do quite well. Although if factories are closed then perhaps you’ll see a drop off in the hospitals […]
Read More →AOT admits covid-19 is the biggest challenge it’s ever faced, worst case would see net profit dropping to Bt10b vs Bt22.11b consensus. Comment: Risk happens fast. Best time to fly still. BJCHI signs 2 contracts worth Bt880m in AU. CP Group lands $10b Tesco deal, but needs approval from Office of Trade Competition Commission (OTCC), […]
Read More →So the news is out. Let’s just go straight to the hotel stocks. Thoughts: This too shall pass. It’ll probably end up being another good trade/buying opportunity. Difference is that the base of tourism numbers is higher compared to 2015 If the epidemic worsens…losing money on a hotel stock will be the last of your […]
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