AAV confirmed opening of 2 new routes to AU, BKK-Melbourne (3 weekly flights) & BKK-Sydney (4 weekly flights) from December 1 to capitalize on holiday season. Comment: Looks like AAV is going to start eating up the market share from the main carriers. ASIAN announced pre-emptive right for existing holders for IPO subscription of pet […]
Read More →AU upbeats 2H earnings from improved traffic at dessert café as dine-in grows, recovery margin after repriced menu in March, plans to add more standalone shops from current 4 stores to boost grab & go sales, will open 2nd HK branch next year. Comment: Perhaps one of the last lagging f&b/tourism plays. J keeps 10-15% […]
Read More →AMATA and WHA stand to benefit on relocations following fresh China-Taiwan tensions, while ASIAN, TU, TKN, and SNNP may benefit from food export bans, Tabloid. Comment: Well, everyone used to say that AMATA and WHA was going to benefit from the China tariff’s, that didn’t materalise. Why would this? And if there is going to […]
Read More →AOT’s Mae Fah Luang-Chiang Rai International Airport will be closed until Wednesday after a Nok Air passenger jet skidded off the runway on Saturday night. COTTO hikes ceramic tiles & flooring products price by 1-2% on higher energy costs, expects 2H sales fairly even with 1H, sets Bt400m budgets for efficiency upgrade, jv overseas partners […]
Read More →BGRIM performed foundation stone laying for its Bgrim Power Angthong 2 and 3, 280MW combined worth Bt12b, CODed late next year and Bt5-6b revenue per year. Comment: Screwed on margins for the rest of this year until the government can start charging the nation higher costs for electricity. KBANK’s announced a Bt100b strategic program aimed […]
Read More →AWC anticipates solid turnaround 2H from recovery OCC & higher room rate, contribution from MICE, 12 hotels on track to open FY23-FY27. Comment: Despite it being one of the larger groups on the mkt, it doesn’t attract as much investor interest. GULF raised revenue growth target this year to 80% from 60%, on rise in […]
Read More →AOT: Vietjet annced resumption of SIA – Danang route, 3 flights/week from Mar 27. Comment: VN was far stricter than Thailand in their restrictions, but I wouldn’t be surprised to see them open up far faster. Hell, even Malaysia is opening up faster than Thailand with less onerous requirements BEM: Office of Transport and Traffic […]
Read More →CPW upbeats 1Q earnings from mobile & gadgets sales supported by shopping tax rebate stimulus, U-Store branches thru universities, online sales & additional sales network from 56 outlets of IBIZ Plus. GULF & INTUCH signed agreement with Singtel to jointly develop & operate data center in TH. Comment: Perhaps a reframe is needed for Gulf, […]
Read More →LH reported acquisitions of the SpringHill Suites by Marriott in Anaheim CA, US, a 120 rooms on 2.07 acres land from DKN Hotels for US$ 31m (Bt 1.056b), the property is just 2 blocks away from Disney Land. Comment: On price/key basis that’s ridiculously good. MC seeks to expand MC outlet in PTT retail stations […]
Read More →AAV to start accepting digital currency for payment from next year, sees 100% recovery in domestic travels in 2Q22. Comment: I can just picture royal nationalists saying that is anti-monarchy… now, I am curious to see how far these systems will go. Though for now expect for all the Thai companies accepting “digital currencies” to […]
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