AOT mulls revising up passenger service charges (PSC) both domestic & international from current Bt130 & Bt730/passenger at 6 airports under management, expects to open bid for Suvarnabhumi cargo and East terminal expansion by end of 1Q25. Comment: And there’s no reason why they won’t do it…just more and more cashflow straight to the bottom […]
Read More →AOT said 6 airports under management recorded 119.2m pax last fiscal year ending Sept 2024, +19% yoy, expecting 129.9m this current year. Comment: With all the expansion taking place, I can’t see any reason why pax #’s don’t increase. BA keeps 4.5m FY passenger target after logged 2.26m in 1H, sees positive earnings momentum thru […]
Read More →AOT ceases inbound duty free shop operation at SIA, DMK, CNX, HKT & HDY effective Aug 1. Comment: Well…this is going to be annoying for those that usually buy perfume, alcohol, chocolate and cigarettes before coming back into Thailand…I used to be one of these types of shoppers… EA: Chatchaval Jiaravanon, part of billionaire family […]
Read More →BEM mulls opening talk with State Railway on Orange line fare agreement, veto fare cut for 10 years from cod as company, exposes to risk on fluctuation of ridership traffic plus rev sharing to SRT. GULF acquires 35% stake in 540mw Burapa Power for Bt120m, scheduled to cod in 2027. Comment: They needdddd cashhhhhh , […]
Read More →CPN target 10% CAGR from office division over next 5-yr aft cod 60k sq.m. Central Park offices Silom district in 2Q25, 130k sq.m. Central Park on track to cod 3Q25, Dusit residences & Dusit Parkside total 50,500 sq.m. kick-off transfer from 4Q25. Comment: If it wasn’t for the management of Dusit, this project would’ve been […]
Read More →AOT: Spanish LCC, Iberojet, will begin a weekly flight Madrid-Bangkok (SIA) as its first destination in Asia, start on May 30th, will increase twice-weekly flights in early Oct. Comment: And you doubt Thailand’s tourism renaissance. KBANK sees debt service ability of top 50 corporate clients remain strong, discontinued unsecured p-loan to prevent surge in bad […]
Read More →GULF: signed a 25-year PPA with Electricity Authority (EGAT) for the development of 59mw solar farms, scheduled cod in 2026. Comment: Is someone going to start asking the question “how is gulf going to fund all these projects given their balance sheet?” MTC: anticipate 2Q turnaround as credit demand accelerate ahead of school term start, […]
Read More →NBTC board is likely to approve ADVANC’s proposal to takeover TTTBB on Nov 10, Tabloid. ADVANC’s launching 2 services 5G boost mode, offering network on demand, full speed of 5G for 3hours, target livestream & gamer, will debut Microsoft Team Phone early December. Comment: So GULF I mean, *someone*, has decided to raise a kerfuffle […]
Read More →AH sets up subsidiary, Able EV, to expand auto dealership business for Changan. AOT upbeats 1Q24 earning (Oct-Dec23) from passenger traffic thru airports on seasonal, higher capacity yoy after cod-ed SAT-1 on September, higher OCC for commercial area, upside from rent hike. Comment: Having just been to the airport and going upcountry, it still appears […]
Read More →ANAN’s 8M transfers stood at Bt8.6b, mulls year-end campaign. Comment: Not too shabby, but still it should be bankrupt given the mess that the asok project ended up being. CENTEL sees no impact from BMA’s plan to collect wastewater treatment fees next year (Bt4/cu.m for biz using <2k cu.m & Bt8 for those using >2k […]
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