CRC launched health supplements store, TopVita, target health conscious consumers, aims to expand coverage from grocery, F&B, fashion & hardline retailers to healthcare segment, target 150 outlets by FY24. Comment: They are cementing their role as the retail juggernaut. If you see the figures of HL you’ll understand why, and go to the Ministry of […]
Read More →ASW sets Bt6b revenue target, +20% yoy, Bt10b presales, supported by 7 new projects worth Bt12.4b, and recognitions for Bt7.33b backlog. CHAYO target FY22 revenue growth >25% driven by outstanding Bt80b distressed assets under management, improved cash collection on easing curbs, credits facility for SMEs & franchise operators, upside from AMC ventures with BANK, will […]
Read More →LH reported acquisitions of the SpringHill Suites by Marriott in Anaheim CA, US, a 120 rooms on 2.07 acres land from DKN Hotels for US$ 31m (Bt 1.056b), the property is just 2 blocks away from Disney Land. Comment: On price/key basis that’s ridiculously good. MC seeks to expand MC outlet in PTT retail stations […]
Read More →BJC upbeats outlook from CLMV expansion, sees strong traffic at Mini BigC Depo Market in Phnom Penh, Cambodia. Comment: They have decent exposure in Hcmc, Vietnam via Metro, nothing under the BigC name as Central Group won that bid for VN. CV signed Bt528m Bio Fusion projects with Premium Energy Corp. FPT teams up Spore-based […]
Read More →BCPG signs PPA 600MW wind PP in Laos to Vietnam Electricity Auth, expected COD in 2025. CFRESH upbeats 2H earnings from improving frozen shrimps export vol to EU, US, JPN, CAD on reopening, 100% utilization rate from 200ktpa production capacity, tailwind from higher THB revenue as export sales contributed 90% of total sales. III mulls […]
Read More →ASIAN firms on 10% revenue growth target above Bt9.5b on recovery from all 4 business, including frozen seafoods, pet foods, ready-meals and tuna, aims to keeps margins within 14-15% range, allot Bt 400m to up capacity of pet foods & frozen fried foods, revamp production line. BAY sees weak mortgage lending from weak property demand […]
Read More →ASP said SET’s expected to adjust SET50/SET100 freefloat criteria, by switching to Free Float Adjusted Mkt Cap from Full Market Cap, positive to BBL, SCC, SCB, KBANK, BDMS, CPALL, INTUCH, PTT, CPN, TISCO; -VE to DELTA, AOT, MAKRO, GULF, BAY, GPSC, ADVANC, PTTEP, SCGP, AWC. Comment: Well at least they are attempting to use their […]
Read More →BANPU upbeats 2H earnings from higher coal sales volume and selling price on improving econ activities, sees more upside to coal price from restocking ahead of winter. Comment: If was a pure coal play I would be in it. BBL: SSO raised holding by 0.0118% to 5.0097% of total outstanding last Friday, SEC filing. BJC […]
Read More →AS sees YoY revenue growth this year on >10 games launched, with 5 to be in 2H. Comment: Kicking myself for missing this. BAY cuts FY20 loan growth target to 3-5% from 5-7%, NII to 10-15% contraction yoy from -3% prior, coverage ratio 180-200 bps from 130-150 bps on fragile environment. BWG’s major holder, Komol […]
Read More →AAV will ask regulators to change the rule requiring airlines to keep middle seats open, aiming to increase capacity ahead of the government’s domestic tourism promotion next month. Comment: I’m flying tonight and rather happy that I didn’t have to pay to book a seat. Now, the average price of an Air Asia ticket has […]
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