AOT maintenance 3.7km west runway of DMK airport for 270 days from Oct 27, 21 till Jul 23, 22, sees no traffic congestion, flights density are manageable. CHAYO in talk to buy bad debts from 5 fin institution total Bt10b, expecting to secure Bt6-8b before end of year. Comment: Because BAM is done, everyone else […]
Read More →AGE revised revenue target this year to Bt12b from Bt11b, on uptrend coal price and booming logistic business, sees record high coal sales at 5.5m tons. Comment: The chinese have tried to smack the coal market with margin requirements, thereby leading the prices to drop ~40% in a week. Now it appears that they’ve cleared […]
Read More →ADD: local fund, BBLAM, raised holding by 1.7053% to 6.5928% on October 29. BANPU divests 47.5% holding in Spain renewable firm, Sunseap, for US$364m vs initial investment at US$173.7b, announced acquisition in 768mw combined cycle gas-fired power plants in Texas, Temple 1, for US$ 430M. Comment: Cap gain to be recognised, combined with coal prices […]
Read More →ADVANC reported 3Q net profit @ Bt6.37b, -2% yoy vs Bt6.54b consensus, subscribers rose to 43.7m, BB topped 1.6m subscribers, ARPU slightly drop from competitive air time package, will start digital lending venture with SCB (AISCB) 1Q22. AS will launch 3 mobile games before end of year, developing virtual reality (VR) games to capture growing […]
Read More →“And Thailand has re-opened! To 60+ countries! Wait where are the tourists, why aren’t they here yet? Ok sell all tourism plays. And let’s go for a drink” That’s the conversation that the market is having. We’re in the midst of earnings season…no surprises yet. There was a pop during the week for the property […]
Read More →China, India to be invited to join development efforts: Thailand, Indonesia and Malaysia will deepen economic and logistic cooperation under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) with a plan to invite China and India into the partnership. Bangkok Post BoT eases mortgage LTV ratio: Move aims to boost property sector. The Bank of Thailand (BoT) has […]
Read More →AOT: Civil Aviation Authority (CAAT) reports 27 airlines scheduled to land in Thailand during November 1-5 Nov, 15,230 passenger arrival on the first 5 days where 10,062 passenger straight to Phuket Comment: The YoY %’s are going to be YUGE! AWC: to open 248 rooms Marriot Courtyard Phuket on November 9. Comment: But they’ll open […]
Read More →BAM & RATCH are expected to be remove from MSCI index on an upcoming reshuffle announcement November 11, effective at the close of Nov 30, tabloid. Comment: And the replacements will be MAKRO and…? CPALL: anticipates 4Q turnaround from positive SSSG, expects sales jump after curfew lifted on October 31 (11pm) as sales during 7pm-10pm […]
Read More →BBL, BAY, TTB & UOB lodged bid for Citi retail assets in TH; KBANK & SCB drop out, estimated price goes as high as Bt70b, tabloid. BGRIM: in talk M&A domestic & overseas power plants total 500mw, expected to wrap up within 4Q, lifts total capacity above 3,400mw, firms on 15% revenue growth target. Comment: […]
Read More →We distributed this datasheet a month ago to investors. The takeaways for Thailand are: Public companies are stronger than private ones Revenue does not need to return to pre-c19 levels to achieve the same margins Now the questions: How much better will margins be in the coming quarters/years as economies reopen? How much higher a […]
Read More →