BA mulls adding >20 new planes, including A220 and B737 MAX7, taking total to >30 by 2029, preparing for rises in Samui traffic from 50 to 73 flights, with Bt1,500m capex to upgrade Samui airport. Comment: Are they getting these deathtraps for free? BJC-TIDLOR-ITC are among top candidate to be added in SET50 for 2H24 […]
Read More →BGRIM: acquires 40% stake in 33.7mw UAE solar rooftop operator for $ 3.39m, 4.1mw cod-ed & 29.6mw target COD during FY24/25. Comment: Why? I understand it’s sunny over there but when the gov makes it rain then the roads are flooded… JR: awards EPC contract from TTCL valued at Bt120m. SPREME: IT Solutions provider, Supreme […]
Read More →ASAP anticipates FY24 turnaround after scaling back rental fleets to 10k vehicles from 20k last year to mitigate impact from heavy depreciation on used car market, diversification to EV dealership business provide cushion. Comment: Shocking…-50% in the fleet? That’s going to hurt the rental market…rental rates are going to go high…(for tourists) CHAYO reported Bt400m […]
Read More →AAV eyes 20m FY24 passenger target, supported by improved traffic to China on the back of visa wavier scheme (93 flights/week vs 83 in 4Q23), larger fleet size yoy (60 aircrafts vs 56 in FY23), new route from Taipei-Okinawa, Taipei-Osaka, Kaohsiung-Narita start from 2Q. ADVANC and TRUE are awaiting NBTC’s draft auction planned for 3 […]
Read More →BPP in talks to buy gas-fired power plant in the US by end of 1H, mulls 25-30% stake of the project, sets $ 500m capex between FY24/25 for M&A and energy project, target 5,300mw by end of FY25 (4,500mw fossil & 800mw renewable) from current 3,632mw & 385mw. GUNKUL upbeats earnings visibility from Bt4.8b backlog […]
Read More →On the road for 4 of 5 weeks – great time for random thoughts and notes… Commodity cycle for dummies Owned the commodity names from 2020-2023, then own the capex beneficiaries of the commodity names from 2024-2027, then own the names that benefit from the decline of commodity prices as supply hits the globe, 2028-2035, […]
Read More →AGE anticipates positive coal sales momentum continue driven by surged demand for electricity, firms on 4.5n tons full year sales volume target, Bt17b full year revenue, will expand logistic & green energy business to reduce contribution from coal business to 50% from 95.6% within 2 years to reduce earnings volatility. Comment: Global volume of coal […]
Read More →BTG anticipates recovery margin 2H on improving chicken & swine selling price on seasonal exports, improved domestic selling price following crackdown in illegal import meats, eased pressure from feedmill costs as price topped out early this year, firms on 5-10% full year sales growth target. Comment: Could be time to relook at all the names […]
Read More →AOT reported 2.37m passenger traffic during Songkran holiday, SAT1 concourse at SIA to cod by 4Q23 (end of Sept), mulls opening auction for commercial developer to develop 290 acres land to boost non-aero revenue. Comment: I’m still of the viewpoint that 2H23 is going to look incredible and that 2024 people will be surprised by […]
Read More →AH keeps 30% FY22 revenue growth target, maintains GPM within 10-12% range, strong auto parts orders for new launch models, new clients in Africa & Argentina, improved operation in Vietnam & Malaysia plant and auto dealership business to boost earnings, study new products to shift from chassis production to EV parts. Comment: Should that forecast […]
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