AOT’s price hike on Passenger Service Charges: PSC at 6 airports under management t effective today (Apr 1), international departure revised to Bt730 from Bt700 & domestic departure to Bt130 from Bt100. Comment: That’s a hefty jump in % terms for domestic. BA in talks 2 airline partners for codeshare agreement, expects to conclude in […]
Read More →AAV upbeats FY24 earnings as TH-China flights jumped 3 fold following visa wavier became effective, upside from BKK (DMK) – Beijing route, mulls adding 3k seats domestic & international flights to capture travel demand during Songkran festive in Apr, aims to keeps LCC market share within 35-40% range, lower exp on interest & aircraft upgrade […]
Read More →AMATA reaffirms solid turnaround, multiple industrial land sales contract pending to sign in the pipeline, 50% out of Bt14.2b backlog to realize this year, price hike at Chonburi & Rayong (Bt11m/rai & Bt4.5m/rai) boost margin. Comment: China + 1 (or as we say…GTFO of China strategy) helps everyone BCP: SSO cuts holding by 0.1106% to […]
Read More →ASAP target vehicle sales >2,500 units from a 2-week event, BKK International Motor Show (Mar 27-Apr 4), expects positive feedback from new launch Changan Lumin EV & Deepal L07-S07 long range. Comment: This will be interesting to follow, EV gov subs are still there but lower, will these oddly named EV cars do well? BKGI: […]
Read More →BEM sees all time high daily MRT riderships in Feb at 550k trips, tollway traffic hit 1.2m trips, rental revenue growth from commercial space +10% yoy, firms on 8-10% FY24 revenue growth target. CHAYO board approved spin-off plan of subsidiary, Chayo Capital (CCAP), will sell IPO up to 125m shares and list on MAI. Comment: […]
Read More →AH eyes 3-5% full year sales growth target driven by larger auto parts orders from establishment of 2-3 Chinese BEV manufacturing plants in TH, sets Bt400m capex to build new plant to accommodate orders from new clients, target cod by end of FY25. GULF: digital assets unit, Gulf Binance, begins digital asset exchange & brokerage […]
Read More →CHAYO: board gives nod to spin-off P-Loan unit, Chayo Capital, (CCAP) will sell IPO 125m shares (25% of paid-up) & list on MAI. Comment: And investors will be surprised by how small this entity is. (or not) GPSC acquires 50% of PTT’s renewable unit, Global Renewable Power (GRP), for Bt1.275b, to complete by end of […]
Read More →ADVANC: completed acquisition of Triple T Broadband (TTTBB), also completed purchase of invest units in JASIF which now own 19% stake in the fund. The settlement value of transaction adjusted to Bt 28.37b from 32.42b, according to filing. AMATA: completed entire business transfer related to utilities & service biz for industrial estates to AMATA U, […]
Read More →AAI upbeats 2H outlook from lower tuna & wider margin from improved product mix & lower SG&A, in talk 2 department stores in the US to supply private label pet food, expects to wrap up by end of year, eyes 15% FY24 revenue growth target. Comment: Well, let’s see when the 3Q figures are out […]
Read More →BTW: wins EPC contract for Green Methanol plant in NEOM project Saudi Arabia valued at Bt 444m. CBG: reached agreement with English Football League to extend sponsorship of Carabao Cup for the next 3 years for GBP 18m (Bt 800m). Comment: Well, why not, it does give them global coverage… GULF: signed solar PPA with […]
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