BBL: 3Q net profit @ Bt12.47b, +9.9% yoy, beats Bt11.44b consensus, thanks to better than expected NIM, investment gains and strong non-NII recovery, lower LLP qoq. Comment: Balance sheet is average still…but if BBL is struggling…just imagine how everyone else is doing… CRD sees strong 4Q driven by waste collection biz in Chiang Mai and […]
Read More →BEM sees YTD average toll way traffic near pre-covid level 1m trips/day, expects MRT ridership gradually recovery from current 200k/day as virus eased, adding more visa contactless payment devices at tollway & MRT to boost traffic. Comment: Google Mobility shows that Thai’s visits to retail and recreation are higher today than pre-covid. But no one […]
Read More →AMA in talk 2 logistic partners to expand from Oil & Gas transports to industrial logistic, expects big jumps 3Q from larger average tanker size yoy from 13k tons/trip to 15ktpt, positive momentum from onshore logistic as PTG & AIE increase shipment of gasoline and B100 transport, will add 60-80 oil trucks in 2H after […]
Read More →A committee to nominate the BOT’s new chief will consider the qualifications of the 4 applicants on June 25, who will then be required to present their visions on June 29. Comment: I filled out the application for fun, didn’t send it in…could’ve been amusing. Now seeing how poorly its being run perhaps I could’ve […]
Read More →IVL to buy 9,000 ton p.a. PET recycling plant in Brazil. Comment: Cookie munster returns! MCOT mulls lawsuit against NBTC if it fails to reach a resolution on the amount of compensation it would give for the 2600MHz spectrum recall. Comment: One government group suing another one. Amusing. OTO anticipates meaningful turnaround this year from […]
Read More →AOT said passengers thru its six airports reached 38m in 1Q19, +4.49% yoy, largely driven by a rebound of Chinese arrivals. Foreigners travelers 23.194m +5.3%, domestic passenger 15.539m -1.2% yoy. Comment: Just wait for next year’s numbers, I wouldn’t be surprised to see another +20% jump in Chinese tourists AU target 15% revenue growth this […]
Read More →JFinCoin & JMART I wanted to give this a few weeks before writing about it to see if there would be anything positive. Unfortunately for them not, the ICO performed poorly and is down some -50% from its initial offering price. The perfect world scenario was that it would pop well on the first day […]
Read More →AOT AOT says 1QFY18 (October-December 2017) passengers grew far better than its expectation of 14%, as the number of international travelers rose significantly after the removal of the ICAO’s red flag. AOT is going to adjust its estimates. (Khao Hoon, 3/1/18) Comment: Over the LT this company will still continue to perform given the continued […]
Read More →ADVANC ADVANC is paying a dividend of Bt3.51/share, XD on August 7. 1H17 earnings fell 16% due to depreciation and higher expense. 2Q17 net profit decreased 6.2% to Bt7.2bn. (Khao Hoon, 31/7/17) AOT AOT expects FY2017 (Oct 2016-Sep 2017) tourist arrival growth of 8-10%, driven by government measures to boost the tourism industry. (Thun Hoon, […]
Read More →COMAN COMAN believes 2H17 performance will be good, driven by revenue from “Synergy Technology” and high season. The management team signals that there are M&A deals. It is now ready to be a leader in development of tourism software. (Thun Hoon, 19/7/17) KTC KTC 2Q17 earnings are Bt786mn or Bt3.05/share or 35.66% YoY growth. (Thun […]
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