GLOBAL: reaffirms 15% FY22 sales growth target supported by shopping tax rebate stimulus in 1Q, positive SSSG yoy, contribution from Indonesia and Cambodia, mulls tap in Lao, Phil, Myanmar market. Comment: Consistently surprised by the growth in this industry throughout the region MTC: reported 3 tranches of CD total Bt 4b carrying interest rates of […]
Read More →ADVANC: 4Q21 NP of Bt6,863m, -4.2% yoy, +7.7% qoq, topped Bt6,628m consensus, yoy drop was mainly due to a higher cost of service ex. IC of Bt21.7bn (+6% yoy, +1.1% qoq) from an amortization of 700MHz and 2.6GHz spectrum licenses acquired in 2021. Sets FY22 capex within Bt30-35b, target mid-single digit growth for services revenue, […]
Read More →AAV predicts the aviation business will return to normal within 3 months on condition that more borders in the region reopen with no quarantine and RT-PCR test required. Comment: Define “normal” though yes I am of the viewpoint that we are going to see a strong rebound in travel IF/WHEN pcr tests/quarantines are taken out. […]
Read More →AOT: Civil Aviation Authority (CAAT) reports 27 airlines scheduled to land in Thailand during November 1-5 Nov, 15,230 passenger arrival on the first 5 days where 10,062 passenger straight to Phuket Comment: The YoY %’s are going to be YUGE! AWC: to open 248 rooms Marriot Courtyard Phuket on November 9. Comment: But they’ll open […]
Read More →AIE reaffirms solid turnaround 3Q from recovery biodiesel sales volume on easing travel restriction, expects positive momentum 4Q from demand for fuels on holiday season, improved vegetable oil sales vol on reopen of F&B, higher export volume of raw glycerine to India & China for food, pharma, cosmetic production. Comment: Am curious to see how […]
Read More →AJA raised holding in trading co, Youtai, from 49% to 100%, aims to have full control and boost export traffic to China. AOT reaffirms 3 expansion plans at Suvarnabhumi airport worth Bt56.9b, to spend 9 months on feasibility study. Comment: When you begin flying around the country again, you’ll be surprised by the expansions done […]
Read More →CPALL opens the 1st store of 7-11 in Phnom Penh, Cambodia. Comment: Years in the marking and finally executed. EPG sets Bt300m capex for M&A, revamp food packaging unit & auto parts production, maintained 12-15% full year revenue growth target. GLOBAL estimated subsidiary in China, Guangxi Global House International Trade, to source products from China, […]
Read More →BM upbeats full year earnings supported by demand for metal conduits, racks & enclosures, ctrl panel and switchboard on the back on infra expansion, agricultural machine parts orders for Kubota to realize in 3Q, contribution from 20% holding in EPC contractor (MECT), firms on record high profit this year. Comment: Record high profit means…+5% from […]
Read More →ADVANC firms on plan to expand 5G coverage, sees mass data package upgrade for surging demand for distance learning and WFH, add bundle pkg 5G, BB and wifi to draw more subscribers. GLOBAL upbeats 2Q earnings from higher sales yoy, wider margins on building mat thanks to higher steel price and tailwind from online sales, […]
Read More →“Myanmar’s Aung San Suu Kyi and other top leaders have been detained in an early-morning raid in an apparent “coup,” her party’s spokesperson Myo Nyunt said, a move that came after the country’s military disputed its landslide win in a November election.” Source: Bloomberg Why should those on the Thai equity markets care? You have […]
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