AOT reported Vietjet resumes Phuket-Ho Chi Minh route of 4 flights/week. CPL said solid tannery business 5M22 had boosted capacity utilization to almost 100%, launched new biz line, Bio-TAN, to cater for environmentally conscious customers both here and overseas. Comment: When I see things like this, I genuinely hope that the companies care about the […]
Read More →It’s going to be a small trading band volatile period for the market, other than commodities which continue to go to the moon. Why? Everyone’s waiting on the Fed and are hoping and praying that the bottom does come out. But for TH and most of SEA it’s an odd period, reopening into this environment […]
Read More →Notable Transactions Buy(s) THB 279 mn JMART – And the founder keeps buying ORI – The founders obviously think they’re going to come out of this period with cracking #’s NUSA – Hmmm…I have question marks on this co, lots and lots of q marks. DTAC – Interesting that the founder of DTAC is jumping […]
Read More →Last week’s gubernatorial and council races are bad omens for Palang Pracharath, which faces a drubbing at the next national poll, write: The results of the gubernatorial race and the city council election on May 22 are troubling developments for the Palang Pracharath Party (PPRP) with political analysts agreeing the ruling party is unlikely to […]
Read More →BANPU sees growth momentum in 2Q from high energy price, 2H boosted by revenue recognition of its 93% stake in XTO Energy worth Bt25.1b. Comment: Despite the stupid hedges, its trading at 4x trailing PE, ROE’s of 20% and both natty gas and coal are far higher. CHAYO expected to book Bt300m gains from disposal […]
Read More →CHAYO seeks license from BOT to set up an AMC with banking partner in 4Q, target to buy Bt30b worth of bad debt for management in 2022-23, to sell Bt900m land in Phuket in July, firms on 30% revenue growth target this year. Comment: The issue for the industry is that the BOT has yet […]
Read More →AMATA mulls revising up FY22 revenue guidance from improved land & utilities sales, Bt1.45b out of Bt4.768b backlog to realize this year, sees upside from increased FDI. AMATAV target 100% revenue growth this year from strong industrial land sales in Vietnam from manufacturing relocation, higher selling price yoy on surging demand. Comment: Low base more […]
Read More →BCH sees solid yoy growth in 2Q22, on easing covid situations, boosting non-covid related traffics and oversea patients, firms on Bt17b revenue target this year, +104% vs 2020 and 1mil social security patient contract. Comment: Hmmmmm BGRIM anticipates 2Q turnaround from repriced Ft, improved feedstocks mgt, eyes M&A renewable power to diversify portfolio. CRC sees […]
Read More →And so is it done? (what are you talking about?) Ah yes, the Russia/Ukraine war, the slap heard around the world, the monkeypox fear, the interest rate hikes in the Anglo-Saxon world, all the above. I would say, yes to all but the interest rates, there’s still another month or 2 of noise to come […]
Read More →Notable Transactions – Now that earnings season is over they are all back to buying/selling Buy(s) THB 680 mn JMART – Holy $hit. He and his son are still accumulating MEGA – Thats a rare massive purchase by one the GP group family SA – The fact that they are still solvent is impressive, but […]
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