ERW anticipates 4Q turnaround aft Holiday Inn Pattaya fully reopened post major facelift, expects ADR surge by 10-15% from higher room rate, improve OCC on holiday season. KCE board approved establish of subsidiary, Circuit Holding, to acquire 100% stake in UK based PCB distributor, Int’l Circuit Ltd, for GBP 9m (Bt396m). Circuit Holding will pay […]
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 →AUCT sees positive earnings momentum carry thru 2H as finance institution purging repossessed vehicles before end of year, target FY vehicles traffic thru auction yard w/in 200k-250k units. Comment: Earnings is not going to be an issue for AUCT for the next 2 years. ERW to open talk with landlord, The Syndicate of Thai Hotels […]
Read More →BIZ signed contract of linear accelerator (LINAC) cancer treatment machine with 2 hospitals combined worth Bt520m. CBG anticipates 2Q revenue tops 2 year high, supported by larger energy drink market share at 24% 2QTD vs 20% at the beginning of year, wider margin supported by new canning unit, economy of scales, lower raw material costs, […]
Read More →ASW recorded Bt6,269m 1Q sales, +65% yoy and account for 35% of Bt17,800m FY24 target, its “Title” jv project has 50% booked and Title Serenity NaiYang Phuket attracts lots of interest, plans 2 projects worth Bt2,460m in 2Q. COCOCO reaffirms 30-40% revenue growth target this year, on rising demand for coconut water and related products, […]
Read More →ERW firms on plan to open 14 Hop Inn budget hotels in Thailand, Philippine & Japan this year, to upgrade mid-scale & luxury hotel group to improve room rate, target 5% RevPar growth this year. Comment: It’s genuinely remarkable how consistent this group has been. But let’s see still plenty of time to f things […]
Read More →BCH revises foreign patients to 20% from 16%, boosted by permanent visa waiver for Chinese, firms on 10% revenue growth target this year, adding 300K SSO patients to 1.8m. Comment: Chynaaaaa. Investors/people have written off Chinese tourism to Thailand at their own risk. I wouldn’t be surprised by 4Q24 if it’s already on par w/ […]
Read More →AH’s board approved dissolution of Hyundai Motor Thailand (20% holding), MHTH has not been operation since April 1,2023, no impact on the ongoing operation of the company AOT will extend service hours of Chiang Mai International to 24-hr in November from current 6am till midnight from Nov 1, Thai Vietjet adding direct flight from Chiang […]
Read More →BH: anticipates rec high profit this year, sees int’l patients reached 65% of total rev above pre-Covid level, visa-free scheme for Chinese sets good tone for 4Q. Comment: Yes of course. ERW: completed acquisition of 3 budget hotels in JPN, comprising of 2 project in Iidabashi & Ueno Tokyo and 1 project in Kyoto, target […]
Read More →AOT: Cambodia LCC, Sky Angkor, resumed twice-daily flights to BKK (DMK) from Aug 25. ASIAN’s exploring exporting seafood products to China after it imposed ban on Japan products, sees 3Q turnaround from higher sales to US & EU, wider margin from higher utilization rate, expects pet food pick up in 4Q. Comment: Well the Chinese […]
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