ANAN: reported disposal of subsidiary, ADC-JV28 co., for Bt2.61b, expects to book Bt506m gains in 4Q. Comment: So they couldn’t complete the project and had to sell early to raise cash? EGCO: signed MOU with Hitachi to joint develop EGCO Rayong smart city in EEC area. ITC: establish subsidiary in China to expand pet food […]
Read More →BBIK to enter VN next year to offer corporate digital business solutions, and expand in Indonesia and England, sets >70% revenue growth target this year. Comment: They’re going to have repeat this performance for the next decade or so to defend the current valuation. BCPG sets Bt30b capex next year, mostly for oversea M&A, target […]
Read More →ASK keeps Bt37b FY loan target after logged Bt18.14b in 1H, improves debt service ability and high seasonal in 4Q to boost earnings. Comment: And because of their product/customer base, NPLs are not going to mimic what has been seen in the motorcycle space BA reaffirms Bt8b revenue target this year, 2.6m passengers, on tourism […]
Read More →GULF: keeps 80% FY22 revenue growth target from higher capacity yoy, full year recognition of GSRC unit 1/2/3, contribution from INTUCH, sets Bt120b 5-year capex FY22-26 (60% for renewable, 20% large pp, 10% digital biz, 5% infra, 5% LNG), will conclude 2-3 M&A overseas pp by end of year, keeps investment plan in blockchain ecosystems […]
Read More →BA submitted filing to SEC to establish BA airport leasehold REIT (BAREIT) to invest in its Samui int’l airport, fund size up to Bt14.3b. BANPU invests US$150m in healthcare fund in U.S. as founding partner. Comment: Wait what? Someone go take over BANPU, their capital allocation is frustrating.. BBLAM, who manages JASIF, said ADVANC’s plan […]
Read More →ACC: purges entire holding in Saraburi Solar (SSL) to PM Energy for Bt 272.1m (2.76m shares @ Bt 98.6), transaction is expected to complete within June. ADVANC may acquire Triple T Broadband (TTTBB) to boost its internet broadband biz and level up with TRUE who is in process of merger with DTAC. TRUE has 4.7m […]
Read More →BAFS signed MOU with sugar & bio-energy producer, Mitr Phol group to joint develop low-carbon aircraft fuel. BEC allots Bt400m budget to revamp 28.8 acres studio, aims to increase contents production, co-production with partners to expand sales local & overseas. BEM firms on plan to submit bidding for 13.4km West Orange line MRT (Bang Khun […]
Read More →BANPU acquires Barnett shale field in Texas with gas production capacity of 225mmscfd from Exxon Mobil for US$750m, lifts total gas production in the US to more than 900mmscfd. Comment: Ya ya ya, share price would’ve been far higher…ok time for me to move on from whining about last year’s recap. Once BANPU has finished […]
Read More →BEM upbeats 1Q earnings from 200k average MRT ridership/day, 1m trips tollway usage/day. CENTEL sees recovery in hotel and F&B business to Bt5.9b and Bt12b to the level seen in 2019, boosted by relaxed PCR rules for tourists starting April 1, and 2 new hotels in Dubai and Samui. Comment: No reason to be surprised, […]
Read More →ACE sees growth momentum this year on new PP both domestic and abroad, Community PP phase 2, 400MW waste PP. CHAYO sets Bt3b budget to scoop up bad debt, target Bt10b-Bt12b distressed debt under mgt by end of year. Comment: Yum yum period for these guys. COM7 upbeats 1Q earnings from strong mobile/IT products sales […]
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