ADVICE eyes 15-20% revenue growth target next year driven by cycle of PC upgrade, introductory phase of AI gadget, tailwind from mobile & solar installation business, mulls adding Apple store (iStudio by Advice) upcountry to 30 outlets at end of FY25 from 3 branches at end of 3Q. Comment: They’re going heavily with their PR…and […]
Read More →AH’s board approved acquisition of the remaining 50% in venture auto part co., AAPICO Sodecia (TH) no exceeding Bt110m. MONO is under cash balance, cash upfront trade, from today Nov 27 until Dec 17, after jumping 22% yesterday. Comment: The story is that due to JAS winning the EPL rights, means that MONO is going […]
Read More →BAM sees 2M24 cash collection exceeded Bt3b, firms on Bt20b FY, revamps NPA appraisal process to save time costs, in talk with financial institutions & residential developers to establish distressed asset management JV. Comment: And what if they perform better than expected? The upside is then taken care of. KJL signed partnership agreement Schneider Electric […]
Read More →ASAP sees earnings bottom out 1Q, expects strong car rent in 2Q from demand for distance travel on long holidays & domestic tourism stimulus, seeks to expand corporate car rental to balance revenue mix, target 3k used cars sales this year from 1k units in FY20, will add 5 outlets of ASAP select from current […]
Read More →Mobile operators expecting to recovery 2H from absence of price war and unlimited data packaging, ADVANC & DTAC FY20 yield should stay above 3%, Tabloid. AH sees 2H turnaround from larger OEM order from Nissan after shift productions from Indonesia to Thailand, expects higher revenue contribution from Nissan from current 4%, sees positive utilization rate […]
Read More →AOT’s current duty free operator, King Power, awarded a 11-years DMK airport duty free management concession from FY22-FY33. Comment: Well that was quick BBL to compete with Sumitimi Mitsui Financial for StanChart Indon. Comment: No more growth nor NIM expansion left in Thailand, Indonesia does look like a far better bet for the next 10-20 […]
Read More →ADVANC’s ready for 5G auction with Bt62b available cashflows. Comment: It’s a yield play more than anything else AOT reports 141.87m passengers last fiscal year, +2% yoy, with international passenger growth of 4.4%, flights +2.41%. Comment: And look, there’s still growth, I think 4Q may be a bigger positive surprise than people expect in terms […]
Read More →CKP sees big jump after COD Xayaburi hydro dam y’sday, 1,200MW. HMPRO sees strong demand for home improvement 4Q on seasonal, expects tailwind from govt cash handout and rebate scheme, will open 2 Megahome in 4Q, upbeat GPM aft revamped prod-mixed. Comment: They are hoping that 4Q will be a seasonal high, if not its […]
Read More →Notable Transactions Buy(s) THB 299mn GULF -The owner has come into the market saying “I’m don’t care what the ombudsman has to say, we’re gonna grow regardless!” NNCL – That’s an interesting move. This has been a quiet IE for a number of years MONO – Dodgy Pete is back in the game Sell(s) THB […]
Read More →BGRIM BGRIM was awarded the first phase of a 145MW hybrid power plant project in U-Tapao international airport area worth Bt3.6bn. It expects IRR of more than 10%. It expects to start commercial operation in Jan 2021. It expects to be awarded the second phase of 135MW electricity production capacity and value of Bt2.3bn. (Kao […]
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