GLOBAL: reaffirms 15% FY22 sales growth target supported by shopping tax rebate stimulus in 1Q, positive SSSG yoy, contribution from Indonesia and Cambodia, mulls tap in Lao, Phil, Myanmar market. Comment: Consistently surprised by the growth in this industry throughout the region MTC: reported 3 tranches of CD total Bt 4b carrying interest rates of […]
Read More →Thai AirAsia (TAA) predicts full recovery for Thai tourism in the next 2 years as international borders will gradually be opened by next year, while passenger traffic has yet to resume despite the country’s reopening on November 1. Comment: Depends upon the definition of a full recovery. But w/o a doubt I still think tourism […]
Read More →BEM extend MRT operating hours 6am-11pm for Blue line & 5:30am-11pm for Purple from Oct 16 as curfew shorthened to 11pm-3am vs 10pm-4am prior. BCP: Social Security Office raised holding by 0.0552% to 15.0391% of total outstanding on October 12. BEYOND sees demand picking up ahead of November 1 reopening, especially at two luxury hotels […]
Read More →ACG to open 3 new FAST FIT in BKK from late November, to complete total of 6 by end of year, plans promo in 4Q to boost sales, which should be better yoy overall. Comment: Not to be confused with a gym name, Fast Fit is their version of B-Quik/ACT ASIAN to list its subsidiary, […]
Read More →AOT said international airlines have regained more than 70% of the slots at Suvarnabumi airports, in anticipation of November 1 reopening, seeing sharp spike in travels in initial stage. ASAP sets Bt2,000m capex to acquire new cars, seeing higher demand for rental vehicles as the country prepares for reopening from November 1. Comment: I expect […]
Read More →GUNKUL reaffirms Bt10b revenue target this year, +20% yoy, expects to sign Bt700m new contract, boosting backlog to Bt9.6b, sets 3-year capex at Bt20b to boost capacity, mulls investment in hemp business and Built2Suit. GUNKUL target FY21 revenue growth >20% yoy from larger power portfolio, Bt3b out of Bt9.6b EPC backlog to transfer this year, […]
Read More →ERW sets Bt700m capex for 10 new hotels in Thai and Philippines. Comment: That number doesn’t make sense. THB 70mn/hotel? KTC reaffirms record high profit this year, despite difficult 3Q, to sell Bt800m worth of bad loan port and focus on secred loans. Comment: As long as people are paying the minimum amount then they […]
Read More →AOT: Thai Smile to resume Phuket-Hong Kong route, 4 weekly flights (Monday/Wednesday/Friday/Sunday) from July 2. Comment: Initial travelers are going to be all over the local news, and then disappointment will set in as the figures are lower than expected, and then it will ramp up faster than the infrastructure can manage. BAM sees 2Q turnaround […]
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 →AMA plans to add vessel before eoy, in talk M&A tanker & logistic business, plan to wrap up 2 deals 1H21, will report 3Q net profit on November 6, reassure turnaround from improving traffic on reopen. AOT’s cashflows drops to Bt40b from Bt77b normal level, may run out in mid-2021 if situation prolongs, may have […]
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