ANAN’s 8M transfers stood at Bt8.6b, mulls year-end campaign. Comment: Not too shabby, but still it should be bankrupt given the mess that the asok project ended up being. CENTEL sees no impact from BMA’s plan to collect wastewater treatment fees next year (Bt4/cu.m for biz using <2k cu.m & Bt8 for those using >2k […]
Read More →JMT, CHAYO and CHASE are expected to benefit from surged bad debts in 2H, SME, Hire-Purchase and mortgage are top non performing, Prachachart. Comment: CHASE shouldn’t be lumped into this they’re a rubbish firm compared to CHAYO and far lower than JMT. LPN launches Bt2.1b Earn Amata, a residential project, which offers 5-6% avg yield. […]
Read More →CHAYO reported Bt5.33b NPL & NPA purchased in 1H, lifts bad debts to Bt88.3b under management, target Bt100b by end of year. Comment: The industry is still going to be a boom period for another 5 years, there is just too much bad debt out. CK expects full year construction backlog reaches record high above […]
Read More →AOT reaffirms solid start 1Q24 (Oct-Dec23) driven by full flight slots for IATA winter schedule starting from last week of Oct till last Sat of Mar. AP reports Bt18.8b 5M23 presales, account for 30% of Bt58b target this year, plans 38 projects in 2H worth Bt51.8b, firms on Bt57.5b transfers this year and Bt37.5b backlog. […]
Read More →AAV sees Apr load factor >90%, 80-90% for the first 2 weeks of May, supported by 3 new routes from Chiangmai to Beijing, Hangzhou & Changsha, aims to secure at least 10-15% market share from Chinese travelers visit Thailand. Comment: The Red wave is coming. CHAYO anticipates Bt150b NPL flooding in the system 1H23, allots […]
Read More →CHAYO sets 25% revenue growth target this year, to acquire Bt10-16b bad debt, boosting port to >Bt100b, mulls 1 M&A in 2Q, Bt3b capex. Comment: That doesn’t quite make sense, they’ve never been able to acquire that amount of bad debt in the history of the company nor do they have the balance sheet capable […]
Read More →Notable Transactions Buy(s) THB 226 mn Sell(s) THB 280 mn
Read More →ASW reported 9M22 residential sales at Bt13.1b, >Bt10b FY target thanks to strong sales of 2 condos (Kave Town Colony BKK Uni & Atmoz Oasis Onnut), will launch 2 projects Esta Rangsitkhlong 2 (SDH) & Kave Universe Bangsaen (condo) total Bt1.2b by end of year. CHAYO reported 9M22 debts acquisition >Bt4.2b, plans to add Bt10b-11b […]
Read More →AH maintains 30% FY revenue growth target supported by strong EV parts orders, sees bright outlook next year on Ford plans to designate TH as EV production hub in SEA. Comment: I always find this news related to EV’s from the auto manufacturers amusing because the management themselves will say that this isn’t true volume […]
Read More →BA submitted filing to SEC to establish BA airport leasehold REIT (BAREIT) to invest in its Samui int’l airport, fund size up to Bt14.3b. BANPU invests US$150m in healthcare fund in U.S. as founding partner. Comment: Wait what? Someone go take over BANPU, their capital allocation is frustrating.. BBLAM, who manages JASIF, said ADVANC’s plan […]
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