ASIAN target FY22 sales growth >15% driven by frozen seafood & pet food exports, mulls spinning off pet food unit, Asian Alliance (AAI), expects to submit filing by end of April, listed in 2H. ATP30 sets record high revenue growth target at 25% to Bt600m, 10% NP growth, by using technology to boost competitiveness. Comment: […]
Read More →GULF in MOU with Binance Holding to study a digital exchange in Thailand. Comment: Blockchain energy trading? INSET expects windfall from cypto & metaverse boom, sets Bt1b budget to expand data center & cyber security business. Comment: One dream we have is that Thailand is permitted to become the crypto/token hub of the region. HK/China […]
Read More →BPP cod-ed 10mw Shirakawa solar projects in JPN, lifts total to 1,007mw, firms on plan to achieve 5,300mw by eo-FY25. DOHOME anticipates FY22 turnaround from positive SSSG 1Q22 supported by shopping tax rebate stimulus, wider margins from improved product mix & new distribution center, sets Bt2.5b capex to add 5 stores this year. Comment: At […]
Read More →Central Group expressed interest in Selfridge takeover, was working with Citi on deal, SKY news. Comment: They are going to eat the retail world in Europe at this rate, though I don’t see Central group paying above “fair prices” JWD anticipates FY21 revenue exceed Bt5b target after registered rec high for 3 consecutive quarter, will […]
Read More →AOT said international airlines have regained more than 70% of the slots at Suvarnabumi airports, in anticipation of November 1 reopening, seeing sharp spike in travels in initial stage. ASAP sets Bt2,000m capex to acquire new cars, seeing higher demand for rental vehicles as the country prepares for reopening from November 1. Comment: I expect […]
Read More →ASIAN keeps Bt9.4b FY21 revenue target after logged Bt4.6b in 1H, sees demand for pet foods, pre-cooked meal & frozen seafood remained strong in 2H, positive THB revenue from weak currency. BANPU trades XR 3:1 @ Bt 5, XW 1:1 for RO subscribers today. Comment: They’ve already announced 1 deal, but I’m still annoyed by […]
Read More →AUCT shifts entire vehicles auction to online to gain larger exposure, mitigate disruption from travel restriction, reduce operating costs, sees surging auto & motorbike traffic in 2H, eyes 10% revenue growth target. Comment: Natural growth for them. Margin expansion could be incredible should this be accepted by the car tents whom are the major buyers. […]
Read More →DMT: tollway operator, Don Muang tollway, debut IPO 140m shares at Bt16 apiece. Comment: Nothing sexy here, though perhaps they could make a story in the future about setting up an infrastructure fund with this asset. PTTEP: upbeat 2Q earnings from higher average gas sales volume above 416kbpd supported by Oman block 61 projects, targets […]
Read More →AWC: cod 72 villas luxury resort, Banyan Tree Krabi. BBL, KBANK, TISCO passed BOT’s stress test, expects official announcement from BOT within next few days, tabloid. Comment: BBL and KBANK both raised capital, TISCO hasn’t yet, I wouldn’t be surprised to see them require new capital next year. GULF: confirms cod schedule of 2.5k mw […]
Read More →I’ve been travelling effectively every weekend either by car or plane since the airport opened up and its very obvious to see the economic destruction throughout all destinations excl perhaps Hua Hin and Khao Yai. Whilst I’ve thought that banks may be interesting at some point in the 3-6 months once provisions and write-offs are […]
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