The Thai government approved the long-delayed budget. The Thai government is finalising and implementing my 3G strategy – Girls, Ganja & Gambling – Casinos are a go.. The BOT is under pressure to cut rates. Tourism is rocking n rolling. FDI is going to surprise positively by the end of the year. The market will […]
Read More →Notable Transactions Buy(s) THB 85 mn Sell(s) THB 45 mn
Read More →Additional 10
Read More →AOT sees passenger thru Suvarnabhumi airport at 180K/day, with 60% rise in Chinese tourists in Mar, may exceed 141.84m this year target. Services along the MRT Yellow Line, operated by BTS, were suspended from early morning til midnight yesterday after parts from the monorail’s tracks fell on to the road below, damaging several vehicles. BTS […]
Read More →AMATA upbeat FY24 outlook from surged demand for industrial land on improved FDI, margin is expected to expand yoy on price hike, 50% of Bt14b outstanding backlog to realize this year, may see FY24 sales exceed 720 acres target (1,800 rais), will submit filing to list utility unit (AMATAU) by end of year. CENTEL is […]
Read More →AAV upbeats FY24 earnings as TH-China flights jumped 3 fold following visa wavier became effective, upside from BKK (DMK) – Beijing route, mulls adding 3k seats domestic & international flights to capture travel demand during Songkran festive in Apr, aims to keeps LCC market share within 35-40% range, lower exp on interest & aircraft upgrade […]
Read More →24CS: wins infra work project from ICOCO (TH) valued at Bt75.35m. JPARK reaffirms solid 1Q driven by delivery of parking solution project for State Railway, revenue recognition from Khonkaen airport parking management starts to kick in, larger parking slots under management yoy. Comment: Do love the model, asset light, management fees, makes sense. PTTGC’s board […]
Read More →BTG: target 5-10% FY24 revenue growth supported by improve swine sales volume & selling price, lower SG&A after revamp distribution channel & cost control. Comment: Usual story…play the margins. When margins are rubbish …wait 6-12 months. Bottoms.. buy…wait..margins expand….sell..usual. CHG: targets 15% FY24 revenue growth supported by strong volume from both local & international patients, […]
Read More →Same as every week, all the pain is in the currency. USD/THB nearly -6% YTD… In USD terms Thailand is -8%, well done. Malaysia 2.0 w/ Thai spices – this forecast is, much to my chagrin, becoming truer and truer.
Read More →Notable Transactions Buy(s) THB 376 mn Sell(s) THB 36.6 bn
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