AOT: extends a credit term of payment to 12 month instead of 6-month for concessionaires & airlines affected by C19 at all 6 airports under supervision. Comment: And there’s news on changes in the duty free concession fee. BDMS: appointed Ms. Poramaporn Prasartttong-Osoth, M.D. as president effective September 1 and Chairperson of the executive committee, […]
Read More →ADVANC sees positive 3Q momentum from higher ARPU as deep discount package already expired since end of-May, higher market share on FBB supported by WFH demand. Comment: Still curious to see the 5G story play out. If anyone has a decent paper out there on 5G please send it across, specifically the beneficiaries. NPLs expect […]
Read More →AOT admits covid-19 is the biggest challenge it’s ever faced, worst case would see net profit dropping to Bt10b vs Bt22.11b consensus. Comment: Risk happens fast. Best time to fly still. BJCHI signs 2 contracts worth Bt880m in AU. CP Group lands $10b Tesco deal, but needs approval from Office of Trade Competition Commission (OTCC), […]
Read More →III: buys 32% of cargo sale agent, Excel Air Cambodia (EAC) to expand access cargo sales for Emirate, ANA, Air China & Thai Air Asia in Cambodia, transaction to complete by end of-July. Comment: Not a bad move. ILM: furniture retailer, Index Living mall, debut IPO 105m shares at Bt 22 apiece. Comment: With this […]
Read More →AMATA: anticipates recovery IE land sales 2Q from migration of production-base to TH from China, 70% of Bt 3.7b backlog to realize this year, in talk clients to sell 280 acres land, maintain 402 acres full year target. Comment: What EEC story? BEC: sees 2H turnaround as costs drop aft return 2 DTV licenses, seeks […]
Read More →AU sees solid 2Q from positive SSSG and newly added 10 branches in the quarter, will debut franchise network in HK in 2H, expects better earnings from recognition of initial fee, royalty fee and ingredients order from company, eyes 15% revenue growth target. Comment: They knocked 1Q19 earnings out of the park! DTAC appears uninterested […]
Read More →AOT to propose plan to build 2nd terminal at Suvarnabhumi to Transport Min next week, citing urgent need as total passengers this yr is expected to reach 70m, vs 45m capacity. Comment: Although when you walk around the airport you’ll see that they could simple man each desk at immigration and the security lines and […]
Read More →ASIAN ASIAN reaffirms big jump 1Q from strong premium pet food exports aft team up with German partner, Happy Pet, to expand mkt in Europe. CPN CPN in talk to renew lease contracts with 2 key clients, ZEN and Isetan dept store, before expiry in 1Q&3Q19, upbeat prospect from higher rental rev and L/T cash […]
Read More →Telecoms ITEL, SKY, SIMAT, TRUE and LOXLEY were awarded NET USO Zone C project. ITEL received Group 8 South valued at Bt2.46bn. SKY received Group 6 Central 1 valued at Bt2.20bn. SIMAT received Group 4 Northeast 2 valued at Bt2.25bn. TRUE received Group 1 North 1 and Group 7 Central 2 total valued at Bt4.82bn. […]
Read More →ADVANC ADVANC reported 3Q18 earnings of Bt6.8bn, -9%YoY. 9M18 earnings were Bt22.84bn, +2.1%YoY. It revised down service revenue growth to 3.5%-4.5% from the earlier 5-7%. 9M18 revenue grew by 3.9%YoY. (Kao Hoon, 2/11/18) Comment: If ADVANC is struggling, what will happen to TRUE and DTAC? AEONTS AEONTS is hurrying to introduce a marketing campaign to […]
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