AOT AOT fundamentals are strong. It reported 3QFY18 earnings of Bt6.42bn, +19%YoY, and 9M18 earnings of Bt19.9bn, +18%YoY. Passenger pass-through in the first nine months was 106.2mn. (Kao Hoon, 15/8/18) Comment: The china tourism issue is to me, a short term hiccup. Biggest issue for Thailand will be the country’s infrastructure capacity EA EA reported […]
Read More →BGRIM BGRIM plans to invest in 250MW more capacity in Vietnam, adding to current capacity of 420MW. The results will be known soon. It is also studying investment in Korea and Malaysia. It plans to add total capacity of 179 MW this year and plans to issue a Bt10bn bond. (Thun Hoon, 3/8/18) Comment: 1GW […]
Read More →AMA AMA expects 2018 performance to be in positive territory. It plans to raise its freight rates by 5% and benefits from THB depreciation. It targets revenue growth of 30%. In the liquid truck transportation business, it is preparing to add 30 service trucks in 4Q18 (Thun Hoon, 13/7/18) Comment: This company seems to be […]
Read More →AOT Ministry of Transport has given AOT one month to finalize the project to manage four airports to be transferred from the Department of Airports. The proposal will then be sent to the cabinet for approval. If the project is approved, the transfer of operations of these airports to AOT will be completed within one […]
Read More →Notable Transactions Buy(s) THB 377.5 mn KAMART – A rare massive buy from a director/family member EA – He still believes in his own “gigafactory” RAM – Must be a share swap given the lack of liquidity in this name CCET – The Vice Chairman buys ASAP – A director thinks there’s value here too […]
Read More →ARIP ARIP arranged a 2nd event on June 21-24 and expected Bt3bn revenue turnover at the event. Management aims to get high-margin projects to continually boost revenue and profit. 2Q18 performance is expected to improve QoQ though 2018 performance is likely to be similar to 2017. (Thun Hoon, 25/6/18) BCH BCH’s 2Q18 earnings are expected […]
Read More →AAV AAV targets a load factor of 87% this year, backed by growing Thai tourism. Average fare increased 6% in 1Q18 and the company plans to raise fares to cover rising jet fuel prices. It is expanding its network to India and ASEAN. (Thun Hoon, 5/6/18) BCPG BCPG will recognize around Bt3.0bn gain on sale […]
Read More →AOT AOT is expanding its airports in Chiang Mai and Phuket with a budget of Bt120bn to support rising traffic, both domestic and overseas. (Thun Hoon, 28/5/18) BAY BAY management said that SME loans grew nicely at 2-3% YoY in 4M18 and is maintaining its fullyear target growth of 11%. Bad debts will be controlled […]
Read More →AOT AOT’s board of directors gave the green light to second airports in Chiang Mai and Phuket budgeted at Bt126bn after forecasts showed the current airports will be fully utilized. It will propose the plan to the cabinet and shareholders for approval. (Kao Hoon, 25/5/18) Comment: With it supposedly completed by 2022, lets add 2 […]
Read More →EA TRIS Ratings revised up credit rating of EA to A- from BBB+, with stable outlook. It says core fundamentals are strong and it has high cash with production capacity of 664 MW. (Khao Hoon, 10/4/18) Comments: And yet the price continues to collapse, why? Without the upside impact of the battery tech it’s worth […]
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