NBTC’s chairman said ADVANC’s takeover deal of 3BB will be concluded at meeting tomorrow, after lingering on for > a year, Tabloid. Comment: Let’s see if the change in government & friends + the latest spectrum acquisition has helped this deal quicken. IVL to acquire remaining 34% stake of Israel technical fiber producer, Avgol, for […]
Read More →Kia is considering building a car factory in TH capacity 250k units p.a., may sign agreement with government for plant construction as early as this year, Maeil Business Newspaper. positive WHA & AMATA. Comment: Ahhh finally a non CCP related company…. BDMS: holders approved raising foreign ownership limit to 30% from current 25% of total […]
Read More →ADVANC sold 33.33% of e-wallet Rabbit Line Pay to Line man (TH) & Line Company (TH), VGI also purged 33.33% to both parties. Comment: Looks like digital wallets and all these “fancy” things actually don’t make $….who woulda thunk it. BAFS maintain 4.2b FY jet refueling volume target +40% yoy from 2.99B FY22, sees rev […]
Read More →BCP: SSO raised holding by 0.0392% to 15.0103% on Aug 2, SEC filing. Comment: Good I sold to them, thank you. CIMBT: sees mortgage demand for resales property and NPA increase as high new house price and tight purchasing power boost demand. EA: expects to report stellar 2Q from delivery of 600 E-Bus, commercial EV […]
Read More →ALT wins e-reading meter project from Provincial Electricity Authority (PEA) valued at Bt300m. BAM reported Bt22b NPA acquired in 1H, seeking board approval to buy additional Bt33b in 2H, mulls expand distressed assets management in CLMV & Malaysia. Comment: There’s no point expanding to countries where the legal jurisdication isn’t set up for distressed assets […]
Read More →AS board approves purchase of 9.22% stake in Bitkup Online for Bt600m. Comment: Probably pushed by SABUY, buying bitkub at 20x PE…ok…and remember that SCBXXX offered thb 30-40 bn 2 years ago, found a whole lot of financial shenanigans and then walked away, so now bitkub is valued at thb 6bn…a steal!!!!!!!!! idiots.. CENTEL sees […]
Read More →BEM reported May MRT riderships +50% yoy, 5% qoq to 345k trips/d, tollway +5% yoy to 1.1m trips account for 90% of pre-covid level, upbeat 2H outlook from surging traffic following cod of monorail Yellow line, upcoming pink line and boost from Lumpini station after cod of One BKK project 1Q24. Comment: And the YoY […]
Read More →BTS: Yellow line monorail to begin 30 days trial run from Jun 30. CPF to invest $2.5b in agriculture tech development in Philippines covering swine, poultry, shrimp and food production, sees potential from growing domestic consumption of meat on the back of rising population. Comment: This could be a game changer for the country…and gives […]
Read More →Notable Transactions Earnings season is over and they’re all back to buying/selling Buy(s) THB 287 mn Sell(s) THB 1 bn
Read More →ADVANC: to report 1Q net profit on May 8, Bt6.79b consensus. AMATA: Director, Viboon Kromadit, resigned from the company, effect from May 1. Comment: He’s the been the key salesman for the company managing the relationships with, predominately, the Japanese customer base. PTG: reaffirms solid 2Q from strong fuels sales volume on improved domestic travel, […]
Read More →