I just had a quick look through all the markets in ASEAN. Thailand is the only market that is below the end of 2019 levels. I’ll say it now, it’s going to beat Vietnam & Singapore in USD terms from end of April onwards. I’m not saying that Thailand is in sound economic shape. But…Gov […]
Read More →Notable Transactions Buy(s) THB 249 mn Sell(s) THB 279 mn
Read More →IRPC: anticipates positive chem spreads momentum carry thru 2H supported by improve global demand, cushion from China’S econ stimulus. LTS: lighting & smart home automation solutions, Light Up Total Solution, debut IPO 55m shares at Bt 3 apiece. Comment: Unless they have a blockchain, bitcoin, iRobot, Chinese EV angle – I’m not interested. SSP: upbeat […]
Read More →CPALL: sees positive SSSG and wider margin qtd supported by recovery consumption, improves product mix & 7-11 branches expansion in Laos & Cambodia. Comment: How many of you were surprised by that 1Q? The dog has finally awoken. ITD: Bt122m -60% yoy, GPM fell to 7.31% from 10.8% yoy due to losses in mining project […]
Read More →AUCT: sees robust traffic thru auction yard upcountry, seeks to expand network to accommodate >48k vehicles p.a. Comment: They are minting it! BTG mulls up pet food production capacity to 110k tpa to fill local & overseas demand, launches premium PET food (Perfecta Holistic Grain Free) to boost sales, target 10% CAGR over the next […]
Read More →EA joins forces with Laos government to establish super holding co., to pursue 7GW clean energy, centrally manage electricity from clean energy in Laos, oversees renewable project expansion, manage electricity exports, support the use of EV in the country to reduce crude imports. Comment: Super Holding Co in dodgy laos? Does EA think they’re going […]
Read More →AOT: Philippines LCC, Cebu Pacific, will boost flights to BKK with a 3-weekly service from Manila to BKK (DMK) staring July. Comment: Does this indicate a demand for additional service sector employees? DOHOME: sees strong qtd 2Q from recovery demand for home improvement products, sets Bt1b capex to add 8 stores & revamp existing outlets. […]
Read More →Thailand is only down -3% this year….urgh…(or -10% in USD terms) But #’s are coming out…and for several industries…i.e. telco’s…services…argi…petrochem’s…they’re actually looking good and that’s ..60%+ of the market cap? Could we finally see a surprise to the upside?
Read More →Notable Transactions Buy(s) THB 32 mn Sell(s) THB 0.6mn
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