DOHOME sees positive SSSG in Oct-Nov supported by resumption of government project following government budget disbursement started in Oct, surged demand for home improvement upcountry posted harvest season, expects GPM widen in 4Q to 17% vs 16.4% in 3Q from stable steel price, sets Bt450m capex to open 3 branches next year (2 in 2Q25 […]
Read More →BAM: ARI-AMC, a venture company between Government Saving Bank & BAM will buy first lot of distressed assets in 4Q, target unsecured loan at 1st phase, 2nd jv with KBANK is under way, expects to get license from BOT by end of year. Comment: This is going to be a multi-year process, it makes zero […]
Read More →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 →AOT: TAT anticipates surge in tourists arrival in 2H after collab with airlines to offer holiday pkg or special airfare for long-stay travelers, Air Canada agreed to launch long-stay airfares btw Vancouver-BKK from Oct. For EU winter schedule, Iberojet, a Spanish-Portuguese charter, will operate 7 charter flights a week between Madrid & BKK, Condor, German […]
Read More →AOT: Philippines LCC, Cebu Pacific, will boost flights to BKK with a 3-weekly service from Manila to BKK (DMK) staring July. Comment: Does this indicate a demand for additional service sector employees? DOHOME: sees strong qtd 2Q from recovery demand for home improvement products, sets Bt1b capex to add 8 stores & revamp existing outlets. […]
Read More →AMA aims to become #1 palm oil tanker transporter, after expanding fleet by 10% to 96K dwt, sees no impact from rising EVs on the street on fuel consumption. AOT expects 8m Chinese visitors this year, about 70% of record set in 2019. Comment: So..? AOT has no idea what’s happening in China, you need […]
Read More →AAV’s introducing new direct flights between BKK-Kaoshsiung, Taiwan to boost tourism in key city, enhance traffic between BKK-Chiang Mai route starting Feb 24. NBTC board approved ADVANC’s takeover of TTTBB, as expected, subject to certain safeguards to protect consumers, such as keeping the lowest-priced pre-merger package available and ensuring service quality and price packages are […]
Read More →ASAP: upbeat outlook from strong car rent demand on the back of domestic tourism stimulus, surging tourists arrival, allot Bt2b budget to expand fleet size, eyes Bt4b full year revenue target. Comment: It’s not for the Chinese to rent, the real tourists that spend money on this are already back to Thailand and you’ll begin […]
Read More →AQUA in talk finance institutional partner & tech to form virtual bank venture, finalize deal by mid-FY23, odd/oversize logistic subsidiary, Thai Parcels, on track to list in June. Comment: This company again? Rubbish….speculator, no real business, don’t see what’s going to really happen here. BAY’s credit card unit, Krungsri Consumer, anticipates 1Q spending jump 20% […]
Read More →AOT is expected to gain 6.5m passenger after adding 3 airports to management (Udon Thani, Krabi and Buri Ram), translated to 5-6% profit upside, Tabloid. Comment: Thailand’s airport system is actually rather fantastic. Go fly around Europe or the US, a shambles in comparison. BAFS sees clear sign of recovery this year, sets 3,000m liter […]
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