AOT mulls proposing cabinet proposal for Bt15.8b Chiang Mai passenger terminal expansion phase 1 next year, target cod mid-FY25. Comment: Mulls proposing? Just propose. Regardless, this is a positive, the airport terminal there is woefully overcapacity during normal periods. BCPG and Mitsubishi Corp will jointly develop 600mw onshore wind farm projects in Laos, power to […]
Read More →BCPG’s firm on 30-40% EBITDA growth this year, supported by recognition of 11MW in Thailand and 3 projects with 65MW capacity, to gradually COD from 4Q21, sets Bt18b capex. CPF board approved disposal of fresh foods retail & distribution business to Ek-Chai (Lotus) for Bt861.6m. Comment: This is one to extract cash from a recently […]
Read More →ADVANC sees significant surge on data traffic during December 25-January 1, 21 as media usage and online shopping jumps on travel restrictions, expects momentum continue from WFH scheme on fresh round of pandemic. BEC: Silchester international cuts holding by 0.25% to 4.9938% of total outstanding on December 30. GUNKUL reports disposal of Iwakuni solar projects […]
Read More →CPALL sets to boost overall 7-11 stores to 13,000 by next year. CPN sets Bt400m promo budget to boost traffic in malls by 20%, hoping that overall this year would be close to 95%. MAJOR may see recovery in 4Q on cost control, and turn profitable again next year from lineup of blockbuster films throughout […]
Read More →BBL has the lowest amount of debts among peers, qualified under Bank of Thailand’s moratorium, at 10-14% and Bt12.7b in LLP, but had already set aside Bt18b in 1H20, a large enough cushion, Tabloid. Comment: I’ve written for years, if BBL is considered the best bank in the sector, then the sector is in bad […]
Read More →BANPU acquires 37.6mw VN onshore windfarm projects for Bt2.065b, power to sell to authority under 20 years PPA (cod-ed Apr 19), transaction to complete in 4Q. BTS expects cabinet to approve green line O&M concession extension by 30 years in exchange for Bt100b debts in an upcoming cabinet meeting tomorrow. INTUCH 2Q due Wednesday (Aug […]
Read More →BGRIM to wrap up 4-5 M&A projects both at home and abroad, keeps 10-15% revenue growth target this year. Comment: The cookie monster of the energy space in the region. BBL reports 4M20 mobile banking transactions +28% yoy from C19, target 11m users from 8.6m by end of year. Comment: Now all of the banks […]
Read More →EASTW give 1.5% discount on tap water sales to Provincial Waterwork Authority for 3 months from April to June 20 to aid those impacted from COVID 19. Comment: Not much of a discount…water has been the only utility to not be targeted for discounts by any government for the past 15 years (from memory) HANA […]
Read More →MAJOR to temporary shut all its cinemas in Thailand, Cambodia and Laos, from 18-31 March. Comment: Another name that can double over the next 2 years. SAT sees 7-10% fall in sales this year, to emphasize on oversea markets and new product lines. Comment: Autos are dead. TASCO reaffirms big jump 1Q as asphalt sales […]
Read More →MAJOR sees sharp fall in 1H20 profit on outbreak, as several movies had delayed premier, including Fast & Furious 9 and James Bond, cutting revenue projection down 17% to Bt8.8b, the lowest in 4 year. Comment: All the major movies are going to be postponed, perhaps this will accelerate the move to digital further by […]
Read More →