Electronics -20% YTD? That’s DELTA. But look the market is only -2%. But, as always, the pressure is in the currency still with the USDTHB -5% ytd…. I still have the same bull and bear arguments in my mind… bull…an improvement in governance from a decade of incompetent military governance, full tourism recovery, FDI pick […]
Read More →Week 11/03 – 15/03 Company hdb.vn, hhv.vn, qns.vn, ree.vn, ssb.vn, vci.vn, vib.vn, vix.vn, vnm.vn HDB VN: is considering a plan to mobilize $500 mn through issuing new shares, according to sources from Bloomberg. HHV VN: plans to invest and build 300 km of highways and ring roads with a total investment of more than VND82,000 […]
Read More →CHAYO targets 25% FY24 revenue growth supported by higher yield from bad debts restructuring, income stream from cash collection from recently acquired NPL in 4Q23, upside from NPA sales, subsidiary Chayo Capital (CCAP) on track to list by 4Q24. Comment: Well that sounds like an attractive figure, so when are they going consistently achieve this? […]
Read More →BA sees 2M24 passenger traffic +17% yoy, mulls opening new routes to Prae, Mae-Sot, Had Yai and increasing flights frequency to Krabi. Comment: Yum yum for BA and Friends. BANPU offers 5 series of new bonds in May for debt repayment & working cap, 2.9%-3.1% for maturity of 2.3y, 3.5%-3.6% for 5.9y, 3.7%-3.8% for 7y, […]
Read More →BBGI: BCP raised holding by 0.0021% to 45.0014% on Mar 7. COCOCO allots Bt1.5b capex to expand production capacity of coconut juice, plant-based foods & pet food, firms on Bt6.6b FY24 revenue target, eyes Bt10b by end of FY26. DELTA sets $500-1,000m capex over 5-year, with $500m to be spent in TH and India on […]
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 →BEM sees all time high daily MRT riderships in Feb at 550k trips, tollway traffic hit 1.2m trips, rental revenue growth from commercial space +10% yoy, firms on 8-10% FY24 revenue growth target. CHAYO board approved spin-off plan of subsidiary, Chayo Capital (CCAP), will sell IPO up to 125m shares and list on MAI. Comment: […]
Read More →Oh look, several sectors up MoM, there’s no “hope”, “belief” you name it for Thai equities at the moment. I wouldn’t be surprised to see figures look better than expected for multiple sectors…then again I can also paint the bear argument, valuations, no real FDI, and a country still dealing with the piss-poor military donkeykong […]
Read More →Notable Transactions Buy(s) THB 510 mn Sell(s) THB 175 mn
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