AOT: sees earnings at trough cycle, expects FY22 loss narrow to Bt4b from Bt15b loss this year, target 62.3m passenger arrival in FY22 & 116m FY23. CPN: opening 2 malls this week, Central Sriracha on Wed & Cental Ayudhaya on Saturday, reassure FY21 earnings no less than last year. Comment: They are the giant in […]
Read More →Banks banks banks – hey the #s were amazing – no surprise – BOT policies allowed for them to hide NPLs and kick the can down the road for the next 5-10 years. Watch them slowly provision all their issues every q and how magical the figures will be. Now throw in the higher interest […]
Read More →Notable Transactions Buy(s) THB 6.2 bn JMART – He’s kept buying back shares. In the coming weeks we’re going to hear more about the capital restructuring of the company. GRAMMY – And another flailing old company that has decided to call themselves a “tech company” changes its listing status via a restructuring and boom. GLOCON […]
Read More →Bangkok’s long road to recovery: The city’s reopening presents a new governor with major opportunities and long-standing challenges. Before the pandemic, Bangkok was undoubtedly a top global tourist destination, with an inexpensive cost of living and plenty of accommodation on offer. The capital welcomed 66.9 million visitors in 2019, including 24.8 million foreigners, drawing in […]
Read More →AAV to issue 8,000m new share @ Bt1.75, offering 5,028m share in PP, 1,714m share RO, and 1,257m share for CB conversion, shareholder meeting Nov 26. Comment: Finally a real recap with one of the airlines here! There will be a trading opportunity at one point. AOT sees advance booking for landing/takeoff slots tick up […]
Read More →BIZ issue free warrant (BIZ-W1) to existing holders at 10:1 GLOCON: 67.55m new shares from warrant exercise (GLOCON-W4) 1:1 @ Bt0.5/share tradable tomorrow. Comment: They’ve just acquired a meatball producer for ~THB 500 mn KBANK & TTB may report today, Bt8.24b & Bt2.09b consensus. Comment: Every bank has lower provisions, thank you BOT for allowing […]
Read More →BEM extend MRT operating hours 6am-11pm for Blue line & 5:30am-11pm for Purple from Oct 16 as curfew shorthened to 11pm-3am vs 10pm-4am prior. BCP: Social Security Office raised holding by 0.0552% to 15.0391% of total outstanding on October 12. BEYOND sees demand picking up ahead of November 1 reopening, especially at two luxury hotels […]
Read More →It’s earnings season, financials will be the first ones out of the gates. Market may be positively surprised…I’m looking fwd to reading KKP’s quarterly MD&A as it’s normally the most insightful.
Read More →BGC anticipates solid turnaround from bottling unit on recovery consumptions post reopening November 1, tailwind from holiday season, mulls diversify to total packaging solutions to balance revenue mixed. EKH may report 670% jump in 3Q21 profit, boosted by windfall from field hospital and vaccination services for both private and public sectors, while reopening from November […]
Read More →Notable Transactions Buy(s) THB 98mn JMART – And he’s still buying! Sell(s) THB 296 mn SF – Owner sells a stake to? Not to CPN this time… TWZ – Major shareholder (11%) reduces his stake by ~2%
Read More →