CP Group, major holder of CPALL, was approached by Seven & I founder family to join in management buyout of 7-11 convenience store chain to fend off a $47b takeover from Canada’s Alimentation Couche-Tard. Itochu & Apollo Global Management are among potential partners the family has reportedly sounded out. Comment: This is amusing. Some believe […]
Read More →FORTH sets >Bt10b revenue target this year on growth in all segments, with Bt4-5b target for Government’s Enterprise Solutions bids, focusing on high margin project with less competitions., sees solid growth in FSMART’s loan growth, and expand Tao Bin overseas. Comment: This will be interesting to observe… GUNKUL maintains Bt10b FY25 revenue growth target, sees […]
Read More →AOT: Etihad to open link from UK to 7 Asian cities via its Abu Dhabi hub, will start direct flight to Krabi from Oct 2025 follow by Chiang Mai from Nov. Comment: Etihad vs Emirates, lfg! tourism will continue to boon in Thailand. BA sees advance booking from 4Q24 till end of 1H25 +12% yoy, […]
Read More →ADVICE sees continued rise in IT related sales, with plan to expand solar biz, both sale and installations, to help keep revenue growth momentum, latest opening of Advice iStore in Udon to help cater for demand for Apple products in North-east provinces. Comment: I do see a lot of ads from them online, but other […]
Read More →AOT: Phuket airport reported avg daily flights returned to pre-Covid level of 300 flights/d while avg daily passenger stands at 30k/d slightly below pre-Covid level as tourists from China have yet fully returned, new flights from Riyadh next month, Air Asia X’s new route from Kazakhstan-Phuket plus increase tourists from EU should boost overall numbers. […]
Read More →AOT said 6 airports under management recorded 119.2m pax last fiscal year ending Sept 2024, +19% yoy, expecting 129.9m this current year. Comment: With all the expansion taking place, I can’t see any reason why pax #’s don’t increase. BA keeps 4.5m FY passenger target after logged 2.26m in 1H, sees positive earnings momentum thru […]
Read More →BANPU teams up with APAC Sustainable & Decarbonization Infra Equity Fund sponsored by Aravest & SMBC Group to jointly fund $145m investment in Amp Co, a JPN renewable solution firm, to develop solar & wind project combined 800 mw in JPN. BGRIM mulls expand proportion of direct PPA in port, expects robust demand growth for […]
Read More →AAV will suspend Phuket-HK route effective Sept 1 due to fierce competition with home based airlines: Cathay Pacific (daily), HK Express (twice daily) and HK Airlines (daily). Comment: I thought there was no demand issue…or…could HK travellers prefer going to the Mainland or other parts of the world instead of Phuket? TOP denies agreeing to […]
Read More →ITC reaffirms double digits revenue growth in 2Q supported by OEM pet food sales for private label clients, mulls revise up FY revenue growth from current 15% aft 2QW results. Comment: Function of base comp… LANNA sees mediocre 2Q as coal price shrink on seasonal, improved operation from ethanol unit to provide cushion. LEO signed […]
Read More →BCP expects earnings bottoming out in 2Q from 27 days maintain shut down at Prakanong refinery & 5 weeks at Statfjord O&G EP field, anticipates 3Q recover from higher output & improved crude oil processing rate per day. Comment: And it’s being added back to the big boy index. BEM: transport minister mulls extending toll […]
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